Project managers have the role of ensuring project success. This includes not only managing risk to ensure timely and successful project delivery but also identifying, assessing and responding to potential risks that can impact project outcomes. Let’s discuss the importance of risk management in project management and provide strategies for effective implementation. Identifying Project Management…
Withum is proud to share that Accounting Today has once again named Jim Bourke, Managing Director of Advisory Services and Ed Mendlowitz, Emeritus Partner, on their annual Top 100 Influential People in Accounting. The Top 100 are chosen for their outstanding contributions to the industry, including their leadership, mentorship, and how they use their voice…
You’ve done it. You successfully graduated medical school, finished your residency, passed your board exams – and now have your own practice. So, what now? Part of running your own practice includes some managerial roles such as managing staff, hiring the correct consultants and building a team of trusted advisors. Reviewing your practice’s financial information…
This blog post unveils my plan to optimize collaboration and identity security between users of Microsoft 365 and Google Workspace. While a single environment ultimately would make collaboration and management easier, it is sometimes impossible due to significantly large migration effort/user impact or existing licensing commitments or other complexities. The primary objectives of this integration…
In today’s digitally driven business landscape, having an efficient and integrated technology stack is vital for optimizing productivity, streamlining operations and gaining a competitive edge. As businesses strive to stay ahead of the curve, Microsoft Dynamics 365 Business Central ERP has emerged as a robust and comprehensive ERP solution. Let’s explore why Microsoft Dynamics 365…
The Internal Revenue Service (IRS) is continuing its crack down on dubious claims for the employee retention credit (ERC), a refundable tax credit for certain businesses that paid employees during the COVID-19 pandemic. On December 6, 2023, the IRS issued a press release announcing that it would be sending more than 20,000 letters to taxpayers…
Another significant change occurred in the 340B program after a federal judge ruled in favor of Genesis Healthcare in the Genesis Healthcare, Inc. v. Becerra court ruling on November 3, 2023. The federal judge cited that the Health Resources and Services Administration’s (“HRSA”) definition of a “patient” was too broad and that covered entities do…
Forensic investigations in the hospitality industry are essential for identifying and preventing fraudulent activities. The hospitality industry is a prime target for fraudsters due to the high volume of transactions and personally identifiable information (PII). This article will explore the importance of forensic investigations in the hospitality industry and the key aspects that forensic investigators…
On November 28, 2023, the Tax Court ruled that the exception from self-employment tax for limited partners does not apply to limited partners who actively participate in the partnership’s business operations. The court engaged in a “functional inquiry into the roles and activities” of the limited partners. It concluded that their level of participation was…
Sage Intacct’s Release 4 for 2023 took place on November 10th, making it the last release for this year. The R4 release includes various updates and features to improve your Sage Intacct user experience. To stay updated with these changes, you can conveniently access the Intacct release notes via your Intacct Home Page dashboard. The…