Leveraging Supplier Collaboration and Incentives for Your Electric Vehicle Transition

By Allison Katz

Automakers are grappling with the challenges of transitioning to electric vehicles in a rapidly changing landscape. Despite their commitment to a sustainable future, recent sales declines and changes in consumer habits have raised concerns. Automakers and suppliers are investing heavily in EV technology, anticipating a surge in demand. Innovations in battery technology, charging infrastructure and…

Chris Passmore Named on Inside The Valley’s Most Trusted Advisors List

By Ruby Castaneda

Withum is proud to announce that Chris has earned a spot on the Inside The Valley’s list for the second consecutive year. Chris is Partner-in-Charge of Withum’s Los Angeles office and has over 24 years of experience in the industry specializing in assurance and business consulting services to emerging and middle-market companies. As a prominent…

Mastering M&A Readiness Through Effective ERP Strategy 

By Allison Katz

In this article, we will explore the pivotal role of Enterprise Resource Planning (ERP) systems in preparing businesses for mergers and acquisitions (M&A). M&A transactions cannot be effective if an ERP strategy is not well thought out and implemented. ERP is a system that integrates different business functions and processes, including accounting, finance, sales and…

Retirement Plan Design for Physicians: Going Beyond the 401(k) 

By Allison Katz

Defined Benefit Cash Balance Plans offer a powerful strategy for highly compensated physicians, allowing substantial annual contributions—often exceeding $150,000. Key features include tax-deductible contributions and suitability for small physician practices with consistent or growing cash flow. Additionally, they can be seamlessly combined with existing 401(k) plans, especially when employees are covered. Let’s look at a…

Withum Celebrates 50th Anniversary

By Ruby Castaneda

Over the past 50 years, Withum has grown from a small, six-person New Jersey office to a top national firm with over 2500 team members across the United States and overseas. Withum teams have seen the rise and fall of disco, beepers, scrunchies, Y2K, Blackberry phones, moving to the cloud, the AI-craze and everything in…

U.S. CleanTech Subsidiary Expansion 101

By Ruby Castaneda

As the world increasingly prioritizes sustainable and environmental practices, CleanTech companies play a pivotal role in shaping a greener future. If you’re a CleanTech entrepreneur looking to expand your business to the United States, here are just a few things you should be considering. Understand the U.S. Market Before diving in, thoroughly research the U.S….

How to Handle Recent HRSA Notices to Providers for Provider Relief Funding

By Allison Katz

Recently, the U.S. Department of Health and Human Services Health Resources and Services Administration (“HRSA”) has reached out to providers that received Provider Relief Funds (“PRF”) and American Rescue Plan Rural Distribution Funds (“ARP Rural”) regarding either delinquency in required audit reporting, which must be reported by April 5, 2024, or final repayment notices. As…

BBD Joins Its Practice With Withum

By Ruby Castaneda

Withum is excited to announce that on March 31, 2024, BBD LLP (BBD); a public accounting, tax and advisory firm dedicated to serving nonprofit and government organizations headquartered in Philadelphia, will join its practice with Withum. BBD’s five partners and 40 team members will be added to the Withum roster, remaining at their current Philadelphia…

Strengthening Fintech Trust: SOC 2 Report Benefits

By Ruby Castaneda

In the dynamic environment of financial technology (Fintech), where the exchange of sensitive financial data is a daily occurrence, building and maintaining trust is key to building your company. As Fintech companies work to establish themselves as reliable and secure entities, acquiring a System and Organization Controls (SOC) 2 report is pivotal. What is a…