On June 29, 2026, Governor Gavin Newsom signed Senate Bill 122 (SB 122), the budget trailer bill for the 2026–27 fiscal year, expanding California’s sales and use tax base to include certain digital software transactions, effective January 1, 2027. Under the new legislation, California’s 7.25% statewide sales and use tax, plus any applicable local district…
IRS Chief Tax Compliance Officer Jarod Koopman recently indicated that the IRS is considering creating a portal, in light of Kwong v. United States, 178 Fed. Cl. 295 (2025), to help taxpayers who may be entitled to refunds of COVID-era interest and penalties submit and track their refund claims. The announcement comes as the IRS…
This next generation of leaders step forward at a pivotal time for the Firm, bringing the technical expertise and strategic perspective needed to navigate continued growth, rapidly advancing technology and an ever-evolving industry landscape. Grounded in the Withum Way mentality, they will shape what’s ahead while preserving the culture that remains central to how the…
In parts 1, 2 and 3 of our Building a Future-Ready Project Management Offices (PMO) Series, we covered six critical trends, the role of AI and why data is the foundation of any successful reporting project. In Part 4, we explore how organizations are moving toward hybrid methodologies and how PMO leaders can build frameworks…
Vacation ownership is often sold as an experience, and in many ways, that is exactly what it is. Owners are buying future vacations, flexibility, familiarity, and the comfort of returning to a place they know and enjoy. But behind that experience is a financial structure that must work year after year if the property is…
We bring the conversation to you, sharing relatable stories that motivate and build consensus in the nonprofit community. Experience what it takes to make an impact and become a true Civic Warrior.
The life sciences industry, encompassing biotechnology, pharmaceuticals, medical devices and diagnostics, is uniquely positioned to benefit from the federal Research & Development (R&D) tax credit under IRC §41. This incentive rewards companies that invest in innovation, particularly where activities involve scientific uncertainty, experimentation and technological advancement. However, while many life sciences companies perform work that…
New York State has launched the Agricultural Resiliency Against Tariffs Program, a $30 million fund to help farmers recover from rising costs and lost markets caused by the 2025 federal tariff policy. Dairy, livestock, specialty crop and aquaculture producers across the state may qualify for direct payments ranging from $1,000 to $25,000, depending on 2025…
When most people think of research and development (“R&D”), industries like technology, pharmaceuticals, or manufacturing typically come to mind. However, many apparel companies are performing activities that qualify for the R&D Tax Credit every day, often without realizing it. As the apparel industry continues to evolve, companies are moving beyond aesthetics and focusing on performance,…