It’s that time of year when extended pass-through business returns are being finalized, and owners are beginning to receive their K-1s. If you are one of those owners, have you ever looked at your K-1? Do you know what information is being provided to you? Understanding Pass-Through to Understand K-1s To move forward on explaining…
The Microsoft Dynamics 365 Business Central Progressus Advanced Projects functionality enhances Microsoft’s out-of-box functionality for project accounting and project management in Business Central. Advanced Projects makes project budgeting, resource planning, time entry and project billing more complete. This is valuable for businesses across all industries, especially Professional Services and Technology companies. Fully utilizing the Project…
Withum, a Great Place to Work Certified firm, is excited to share that it was named on Fortune’s Best Workplaces in Financial Services and Insurance list for 2023. Withum ranks #33 on Great Place to Work’s Best Workplaces in Financial Services and Insurance list, recognizing it as a leading employer in the public accounting and…
In the world of project management, output delivery holds the utmost importance. Output management extends beyond final reports, presentations, products or services. The work performed and the outcome is part of the output. Project managers ensure that the production aligns with the intended goals and objectives, uses resources efficiently, meets the defined requirements and has…
On September 6, 2023, the Financial Accounting Standards Board took a bold and definitive step towards formalizing and adopting accounting and disclosure guidance for crypto assets. The new guidance will fall under FASB ASC 350-60 Intangibles – Goodwill and Other – Crypto Assets – Accounting for and Disclosure of Crypto Assets. The Board approved for finalization…
The MSO-PC model, also known as the “Friendly PC model,” has been gaining popularity in recent years as the digital health, telehealth, and healthtech industries have exploded in the post-COVID era. This model has been essential in facilitating the scaling of many virtual health businesses while remaining in compliance with the Corporate Practice of Medicine…
Back in 2013, the IRS released the final tangible property regulations, which provided guidance on the application of 162(a) and 263(a) of the Internal Revenue Code. These regulations apply to any corporation, S corporation, partnership, LLC or individual who files a Schedule C, E or F and acquires, produces or improves tangible real or personal…
Transfer pricing refers to determining the arm’s length price at which tangible goods, services, intangible goods (intellectual property) or loans are exchanged between entities within a multi-national and/or multi-jurisdictional entity. This practice is critical in the cannabis industry due to the complex legal and regulatory landscape surrounding the cultivation, manufacturing and sale of cannabis products….
Microsoft Dynamics 365 Business Central has long been a trusted solution for businesses seeking to streamline operations and enhance efficiency. With the upcoming 2023 Wave 2 update, Business Central is poised to deliver a trio of game-changing features that will improve how global organizations manage their processes. Let’s delve into the top three features that…
On August 23, 2023, the Securities and Exchange Commission (“SEC”) approved new rules and regulations related to both Registered Private Fund Advisers (“Advisers”) and Non-Registered Advisers (“NRA”). The changes focus on enhancing transparency between Advisers and their investors. While many private funds already obtain annual audits due to provisions in their Limited Partnership Agreements, the…