Sports fans across the world turned their heads when Shohei Ohtani’s record breaking $700 million contract with the Dodgers was announced. Many people, myself included, were enamored with the figure alone. Ohtani is a generational talent, and it was thought that he would be receiving a contract in the $500-$600 million range. The $700 million…
As a Women’s Health and Wellness early-stage startup, you would think one of the most challenging hurdles is the ideation or the passion to get the company off the ground. Actually, it’s how to maintain cash investments in an effective and efficient way. Maintaining cash flow can be one of the most stressful and frustrating…
Withum is excited to share that Josh Horowitz, Team Leader of Withum’s Professional Sports and Esports Services Teams, has been named to the U.S. Advisory Board of Premier Sports Network (PSN). As a leader of the Professional Sports Services Team, Josh has a deep understanding of the complex taxation that professional athletes face. He is…
When it comes to sports betting, taxes play a crucial role in shaping the industry as well as the sports gambling operators within it. In May 2018, the Supreme Court invalidated The Professional and Amateur Sports Protection Act (PASPA), a federal law enacted in 1992 restricting sports betting in most states. This ruling allowed individual…
Gear up for the Winter issue of Dealer Vision! This newsletter is packed with insights to steer your dealership in the right direction. Learn more about the FTC Safeguards Rule, how to maximize your 2024 dealership returns and key takeaways from the 2023 AICPA Dealership Conference in Las Vegas. Inside This Issue View Interactive Newsletter
User acceptance testing (UAT), also called application testing or end-user testing, is a phase of software development in which the software is tested in the real world by its intended audience. User Acceptance Testing (UAT) is a critical phase in software development, where the end-users validate the system before its release. It ensures that the…
Proof-of-reserves is a method cryptocurrency exchanges and other financial institutions use to demonstrate that they hold the funds they claim to have on deposit to ultimately fund customer balances. The concept behind proof-of-reserves is to provide transparency and to assure customers and regulators that the institution has the necessary assets to meet its financial obligations….
As of June 9, 2023, the FTC Safeguards Rule took full effect and is now required to be implemented for compliance. The rule expanded applicability to auto dealers that hold or process personal information and are considered a “non-banking” financial institution. What does it mean for auto dealers? Well, June 9, 2023, has come and…