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…
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…
Withum is excited to share that the Providence, RI, office is in a new location in the city at 15 Park Row West. Located in downtown Providence and accessible by both the bus line and commuter rail, the newly redesigned office space features a clean, modern design. With decorative details like a baffle ceiling, the…
The overhauled model for estimating the collectability of receivables is here for private companies and smaller reporting companies. For accelerated and large accelerated filers, this model has been effective for fiscal years beginning after December 15, 2019. The new guidance issued in Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13 is effective for…
DOL CAP Audit Series A visit from the Department of Labor (“DOL”) is enough to strike fear into the heart of any Union officer. There are several reasons that the DOL could decide to come and spend some time with your Union, but one of the most common relates to the Compliance Audit Program (“CAP”)….
As the end of the year approaches, Withum is excited to share a round-up of the Firm’s giving efforts for 2023. From large, organized projects to hyper-localized volunteerism and individual philanthropy, it is safe to say that Withum team members from all over the world live the Withum Way every day and give back to…
On November 2, 2023, the Centers for Medicare and Medicaid Services (“CMS”) issued a final ruling, CMS-1784-F, Revisions to Payment Policies under the Medicare Physician Fee Schedule, Quality Payment Program and Other Revisions to Part B for CY 2024, that will have significant impacts on Federally Qualified Health Centers (“FQHCs”) and Rural Health Centers (“RHCs”)….
Since its inception last year, ChatGPT has attracted millions of users with its advanced AI capabilities. As such, e-commerce enterprises can harness the power of ChatGPT to stay at the forefront of digital trends and streamline their operations, thereby minimizing manual efforts. Through APIs provided by Open AI, businesses can now integrate ChatGPT with their…
On November 29, Withum hosted team members, clients and business partners from the San Francisco community to unveil its redesigned office space. The San Francisco office is located at 601 California Street, just outside of Union Square. Situated in the heart of the Bay Area financial district, the office features stunning views of Coit Tower…
On December 13, 2023, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2023-08 “Accounting for and Disclosure of Crypto Assets”. The amendments in the expedited ASU aim to improve the reporting of crypto assets by requiring entities to present crypto assets at fair value instead of the previously used cost-less-impairment model. The…