In today’s competitive business landscape, mergers and acquisitions (M&A) have become a crucial growth and value-creation strategy. As buyers navigate the complexities of deal-making, contingent consideration (AKA earn-outs) can provide a powerful tool to bridge valuation gaps and align interests between buyers and sellers. With the support of experienced valuation specialists, such as those at…
As businesses across the United States celebrated National Intern Day, Withum interns took to their communities to engage with local organizations and volunteer at nonprofits nationwide. Over 120 interns from 18 offices volunteered 225 hours over the week of July 24. Four of the offices chose to volunteer with their local Boys and Girls Club…
Enacted on July 21, 2023, New Jersey A4694 creates a “Convenience of Employer” rule, affecting both employers and employees for payroll tax reporting purposes. The new law is retroactive to January 1, 2023 and will apply to nonresidents who have compensation from a “New Jersey employer” unless such services are required by the employer to…
New Jersey amends Unemployment Compensation Reporting in efforts to expedite claims, which will increase the reporting burden on employers. This new law takes effect July 31, 2023. New Jersey employers will need to report additional unemployment insurance obligations or risk facing heavy penalties for failing to comply with the new amendments. Currently, employers are required…
As funding for technology startups and emerging growth companies face continued pressures, there will be an increased investor due diligence and review of key operating and financial key performance indicators (KPIs). The depth and complexity of startup KPIs can be as simple as a back-of-the-napkin calculation or as complex as a merger of multiple customer…
Over the last several years, it has become apparent how rapid the growth of collegiate Esports has become. What was once considered a pastime of playing video games after school has become a growing varsity sport for many colleges nationwide. Universities have also begun to heavily invest in arenas dedicated to Esports. For those athletes…
With Summer in full effect, what a perfect time to talk about building pools – cost pools, to be exact. To develop an indirect cost rate structure, costs must be segregated into homogenous pools where the allocation measures for indirect cost are based on the beneficial or causal relationship between an indirect cost pool and…
The House of Representatives introduced three bills that the House Ways and Means Committee plans to mark up. The Build It In America Act (HR 3938) addresses business taxpayer concerns regarding rising interest expense rates and deduction limitations on research and experimental expenditures, which could lead to drastically increased cash federal income tax payments. While taxpayers might be…
As part of the Inflation Reduction Act (“IRA”) passed in August of 2022, $391 billion of governmental funding was allocated to energy and climate initiatives. The ability to transfer (i.e. sell) clean energy credits was part of the new legislation and covered under IRC Section 6418. The intent of IRC Section 6418, was to increase…
Retailers, restaurants, and even e-commerce businesses provide gift cards as a way to expand their customer base and build brand loyalty. Those gift cards are used to redeem meals, merchandise, and services across a wide range of industries. Gift cards continue to be a significant source of revenue for many businesses. In fact, nearly 60%…