Effective July 1, 2026, New York City is enacting a surcharge on high-value, non-primary residences within New York City as part of Governor Kathy Hochul’s budget. The pied-a-terre tax, as it is commonly referred to, affects one, two and three family dwellings exceeding a specified value (see below) and are not used as a primary…
Executive Summary The merger of two public universities required the seamless integration of financial operations, technology platforms, compliance obligations and governance structures with the added pressures of ensuring there were no disruptions for students, faculty, staff and vendors. Withum’s Not-for-Profit and Education Services Team was engaged to provide merger integration advisory services, helping leadership navigate…
Chris Passmore and Steve Martini have made a lasting impact across the San Fernando Valley through their leadership, business advisory skills and community involvement. Recognized for helping businesses navigate change, create opportunity and drive growth, they have strengthened the region’s business community while contributing to its long-term economic vitality. Chris Passmore is the Partner-in-Charge of Withum’s…
As the music industry continues to fine-tune its approach to generative AI, the value attributed to training data is increasingly recognized, negotiated and realized through lawsuit settlements and emerging partnerships. While the central issue in most of these cases has been whether the platforms’ purported use of copyrighted materials constituted infringement or fair use, Google…
Aircraft Transactions Face a Fragmented State Tax Landscape State sales and use tax treatment of aircraft transactions continues to evolve, creating a complex and increasingly fragmented landscape for taxpayers. An aircraft is uniquely impacted by state tax rules due to its mobility and multi-state use, which can trigger tax obligations across jurisdictions at different points…
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