Accounting Standards Update 2021-07 Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards was issued to address concerns raised by stakeholders about the cost and complexity of determining the fair value of equity classified share awards for private companies. The guidance provides nonpublic entities with a practical expedient alternative to use a…
The world of digital assets and cryptocurrency has seen tremendous growth and innovation over the past decade, leading to an array of financial opportunities and complexities. As the adoption of digital assets continues to surge, the IRS and other regulatory bodies have been measured to provide clarity on the taxation of these assets. Crypto Abandonment…
Microsoft announced some big changes coming to the Microsoft Planner App, which includes using Planner as the name for three existing Microsoft task management apps: The new Planner will provide a single app that displays tasks from the three apps mentioned above. At least for now, you can continue to access each app through their…
For many, blockchain is a bit like the Internet in the early ’90s: advanced, exciting, but slightly confusing. Does blockchain technology have the power to potentially revolutionize real estate? Many believe that the use of this technology could transform both investing in real estate and the operational transactions associated with owning real estate. So, what…
In today’s continually evolving business world, staying ahead of the competition requires efficient, integrated and scalable solutions. Microsoft Dynamics 365 CRM integrates with Microsoft Dynamics 365 Business Central (BC) to create a powerhouse combination that offers many benefits to small and midsize businesses (SMBs). Let’s delve into the reasons why this tech stack is a…
Beginning January 1, 2024, the Corporate Transparency Act requires certain businesses to submit an online report to the Financial Crimes Enforcement Network (FinCEN), an arm of the U.S. Treasury Department. The report will require affected businesses to provide personal information about their legal entities, beneficial owners, and company applicants. The purpose behind requiring this information,…
The annual Withum Week of Caring (WWoC) took place last week, and team members made the biggest impact in their communities yet. From assisting with food banks, park clean-ups, toy drives, senior centers, 5ks runs, and more, Withum team members utilized the annual give-back days to better the communities in which they live and work….
In my last blog about Microsoft Loop, Loop was just an announcement at Microsoft Ignite. After some applications such as Teams and Outlook started supporting it, Loop is now generally available at loop.microsoft.com. Licensing is always a big question with Microsoft. Luckily, the licensing for Loop is straightforward. A user needs one of the licenses…
Withum is proud to share that Grey Sky Films, the video production company for Withum’s commercials, has won first place at the NJ Ad Club Jersey Awards for the firm recruitment video. At the 55th Annual Jersey Awards in September, NJ Ad Club awarded Grey Sky Films with the first place honor in the Television:…
As a result of the COVID-19 pandemic, there has been an unprecedented shift in employees working remotely.Many law firm practices lend themselves to remote work, and as such, the days of all partners and employees working from a single office in a single state every day are gone. Many law firms now have partners, lawyers,…