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…
Withum is excited to share that John Sheehy, JD, and Principal within the Forensics and Valuation Services Team, will lead the Firm’s Investigative and Corporate Intelligence Services Group. Formerly a Special Agent, Crisis Negotiator and Supervisor at the Federal Bureau of Investigation, John has a complex and comprehensive understanding of white-collar crime and fraud. At…
For founders who have tirelessly nurtured their companies from inception to success, the prospect of a liquidity event brings both excitement and complexity. As this pivotal moment approaches, residency planning emerges as a crucial consideration. The choice of where to establish one’s residency prior to a liquidity event can have far-reaching implications regarding income taxes…
Learn about the advantages of the Clean Energy Investment Credit and understand how this credit could impact you and your business. Energy property includes: Are There Additional Items That Must Be Present for the Property to Be Considered Qualified Energy Property? Yes, in addition to meeting the definition of property provided above, the property also…
When the news broke on June 7, 2023, that Lionel Messi, the larger-than-life Argentinian footballing icon, would play the next two and a half years of his career with Inter Miami FC in the United States, a buzz took over the sports world that only he could create. This decision came to light as many…
During our Power Minute video series, my colleague Jeff Willinger and I have spent the last few months making a case for Power Platform as a fantastic Microsoft modern workplace tool for organizations of all sizes to unleash the innovation potential within their teams. Whether you’re already convinced that low-code/no-code with the Power Platform is…
On July 31, 2023, the U.S. Securities and Exchange Commission published a Risk Alert to their broker-dealer members regarding Anti-Money Laundering (AML) compliance examinations and related issues. The Division of Examinations’ Risk Alert reiterated the need for registered broker-dealers to establish and maintain sound AML programs for each firm designed to mitigate risks in the…
In today’s rapidly evolving financial landscape, technology continues to reshape how we conduct transactions and manage assets. One of the groundbreaking innovations poised to revolutionize finance is tokenization. Tokenization involves converting real-world assets, such as stocks, bonds, real estate, and even intellectual property, into digital tokens on a blockchain. This transformative process brings efficiency, security,…
Brad Caruso, Withum’s Not-for-Profit and Education Services Practice Leader, raises second most donations during LLS New Jersey’s 2023 Visionaries of the Year Campaign. Withum Partner Brad Caruso was named Leukemia and Lymphoma Society (LLS) of NJ Visionary of the Year Runner Up for his tireless fundraising and patient advocacy efforts over 10 weeks to support…
A video series tailored to Real Estate professionals on trending topics in the Real Estate industry, tax subjects and more! Seeking relevant information in your Real Estate realm? Withum’s Michael Hurwitz answers and asks questions to other Withum experts throughout this series giving you the latest news and tips applicable to your business, with his…