Cyberattacks today only continue to grow and as a result, cybersecurity has become a critical concern for businesses of all sizes. But, for small and growing organizations, the challenge lies in balancing the need for robust security measures with the allocation of limited capital toward necessary growth activities like product development, sales and marketing. Recent…
Download a PDF of this case study. Executive Summary The Labor Union faced various material weaknesses in their financial processes, including bank reconciliations, payroll documentation, and other significant deficiencies. Withum’s approach involved working with the Labor Union’s management to understand their processes, conduct assessments, and provide recommendations for improving their internal controls. About the Client…
Withum is excited to share that Lara Waldner, CPA, Team Leader of the Theatre and Entertainment Services Team, has been named on the Broadway Women’s Fund list of Women to Watch on Broadway. Lara’s expertise is in providing auditing, accounting and consulting services to commercial theatrical productions and not-for-profit organizations in the theatre and entertainment…
Enterprise Resource Planning (ERP) implementation is a complex process requiring significant investment in resources, time and money. An ERP system is designed to help organizations streamline their business processes, increase efficiency and achieve their strategic goals. However, an ERP implementation can also be challenging, and organizations may face issues such as cost overruns, delayed timelines,…
Late last week, the Chancellor in the United Kingdom (UK) announced exciting news which the theatre industry welcomed with open arms; a permanent extension for the increased theatre tax relief rates for productions produced in the UK. In March of 2023, the higher rates had been extended, but were scheduled to sunset in April 2025….
Withum is proud to share that Russell Goldberg, Partner in Charge of Withum’s Orlando Office, has been inducted into the University of Central Florida College of Business Hall of Fame. Russell is a proud graduate of the University of Central Florida (UCF) Kenneth G. Dixon School of Accounting. In his illustrious career of nearly 35…
QSBS Quick Bites is a video series to help founders and tech executives understand the eligibility requirements for QSBS as well as different strategies you can employ to maximize your tax savings.
The Waterfall project management methodology is a sequential project management approach that is utilized across various projects. This method is a linear, step-by-step process with a strong emphasis on the documentation that requires the completion of each phase before moving to the next. It offers advantages such as clear milestones, well-defined scope and structured planning,…
FemTech and Women’s Health & Wellness companies are at the forefront of revolutionizing women’s health. These businesses promise innovative solutions tailored specifically for women. In an enlightening session hosted by Dr. Brittany Baretto, CEO of FemHealth Insights, Katie Chefalas and Victoria Iezzi delve into valuable insights on building a financially sustainable FemTech business. From funding…
Not all tax positions are created equal. Many times, taxpayers find themselves stuck firmly between black and white leaving themselves exposed to the IRS disallowing a position taken from a good faith reading of the tax code. In situations like these, taxpayers can turn to tax liability insurance. What Is Tax Liability Insurance? It’s an…