Insights
Victoria Iezzi Trailblazing Leader in Women’s Health and Femtech
Withum is proud to share that Victoria Iezzi has been named a Trailblazing Leader in Women’s Health and FemTech for 2023. Women of Wearables is an organization that brings together women in wearable technology. Their 200 Trailblazing Leaders in Women’s Health and FemTech celebrates leaders in the industry who have excelled and made significant contributions…
Navigating ERC Tax Audits and Investigations
By Allison Katz
Withum and Kostelanetz LLP collaborate to break down ERC tax audits. The employee retention credit (ERC) has exploded in recent years and the IRS has started cracking down on improper and abusive ERC claims. The IRS audit process can be time consuming and expensive, and the complexity of the ERC makes these audits particularly vexing…
The Crucial Role of Building a Portfolio Management Process in Every Business
Portfolio management is a growth-oriented function that drives continuous improvement in a business by leveraging project managerial frameworks, processes, and controls. Within a company’s portfolio of projects, portfolio management is the process that optimizes and measures Return on Investment (ROI) through strategic project selection and helps develop a roadmap that supports the goals of a…
Guide: The Five Pillars of AI Success
Pennsylvania Will Recognize Grantor Trusts for Tax Years Beginning After January 1, 2025
By Allison Katz
Pennsylvania Senate Bill 815, signed into law on December 14, 2023, amended the Pennsylvania tax code to recognize irrevocable grantor trusts for tax years beginning after January 1, 2025. Prior to the passing of this bill, Pennsylvania was the only state that did not align with federal grantor trust rules, allowing the grantor of the…
Will Congress Say Bah Humbug To Small Businesses?
By Allison Katz
Small business owners have been suffering in recent years with various federal tax laws impeding their ability to operate and grow. They have been actively expressing their hardships to their Congressional leaders, but whether those leaders are willing to spread some holiday cheer is still an open question. Congressional leaders went home this week for…
IRS Releases Long-Awaited ERC Voluntary Settlement Program
By Allison Katz
On December 21, 2023, the IRS released details about its second settlement initiative relating to the employee retention credit (ERC). See IR-2023-247, Announcement 2024-3, general information, and FAQs. The IRS previously released a withdrawal option on October 19, 2023, for taxpayers who either did not receive their ERC checks or did not cash them. The…
Lena Combs Inducted into the International Society of Hospitality Consultants
Withum is thrilled to share that Lena Combs, Partner and Practice Leader of Withum’s Hospitality Services Practice, has been inducted into the International Society of Hospitality Consultants (ISHC). ISHC is the leading source of global hospitality expertise. Membership in ISHC is by invitation only, and members are viewed as leaders in their respective areas of…
New York Proposes New Hospital Cybersecurity Regulations – What You Need to Know
On December 6, 2023, New York proposed new cybersecurity requirements for all general hospitals operating in the state licensed under Article 28 of the Public Health Law, regardless of size or location. There are 226 hospitals in New York State, including Veteran’s Affairs facilities (which would not be affected by these proposed regulations). Organizations have…