Receiving equity from a U.S. company if you are not a U.S. citizen or resident alien can raise questions about how and when that equity is taxed in the United States. For U.S. tax purposes, these individuals are generally referred to as “nonresident aliens” or “non-U.S. persons.” One common consideration is whether to file an…
Sweepstakes-based betting is quickly changing the SportsTech industry. With inconsistent sports betting rules across the United States, sweepstakes models help companies connect with users, increase engagement, and expand nationwide. This model drives growth but brings complex tax rules, state compliance risks, and reporting requirements for operators and users. To succeed, companies must understand taxes and…
Lenders working on an SBA loan involving the purchase or collateralization of equipment often face a critical decision: should they opt for a desktop or on-site equipment appraisal? For 504 loans, SBA SOP 50 10 8 states “the equipment appraisal needs to be a written document from a person that is qualified to provide a…
Timeshares have helped millions of families enjoy memorable vacations in high-quality resorts year after year. For owners who value consistency, destination options, spacious accommodations, and resort-style amenities, vacation ownership can be a practical and rewarding way to travel. Understanding how to get what is desired from a vacation ownership product is also important. Whether it…
The new site emphasizes clarity, speed, and accessibility—making it easier for users to find relevant content, explore the Firm’s services, and connect directly with Withum’s people and expertise. The Firm’s newly redesigned website reflects a shift in delivering insights digitally by aligning user experience, modern search behavior and growth strategy under a single, purpose-built platform. “Withum’s new website is built for…
Innovation has always been at the heart of agriculture. From improving crop yields to advancing livestock health and developing more efficient production methods, agricultural businesses continuously invest time, resources and expertise to improve how food is grown, raised and delivered. What many companies do not realize, however, is that these efforts may qualify for a…
Cost containment is a central responsibility for any self-insured health plan sponsor. Plan fiduciaries are expected to monitor vendor performance, understand cost drivers, and ensure that plan assets are used appropriately. Independent audits and formal oversight mechanisms can play an important role in fulfilling those responsibilities, particularly for larger plans with significant claim volume and…
The Buy Now, Pay Later (BNPL) marketplace is undergoing a significant shift in New York. Governor Kathy Hochul signed the New York BNPL Act into law on May 9, 2025, and the New York State Department of Financial Services (NYDFS) has now released its proposed implementing regulations. Together, these actions mark one of the most…