For months, the theatre community has been on the edge of their seats waiting for the finalization of the updated legislation from the UK government regarding the Theatre Tax Relief (TTR) program. In 2021, the tax relief was raised to 45% for non-touring productions and 50% for touring productions to help ease the pressures of…
Oracle NetSuite released the first ERP functionality updates for 2023 on March 16. Here is your ultimate guide to the top 9 new NetSuite 2023.1 features and how they work. Top 9 NetSuite 2023.1 Features 1. Automating Period Close Revenue Recognition Entries Existing NetSuite users already understand the tremendous benefits of automating complicated revenue recognition…
The IRS issued a press release with a renewed warning to taxpayers regarding claims for the Employee Retention Credit (ERC) on March 7, 2023. This marks the third time in six months the IRS has issued a written warning to taxpayers – the first two were issued in October and November of 2022, and we…
As businesses continue to generate vast amounts of data, it is becoming increasingly challenging for organizations to make informed decisions without the help of advanced data analytics tools, like Power BI. In this blog, I will discuss an important Power BI tip – integrating artificial intelligence with Power BI. As a consultant, I have worked…
Venture Capital (VC) firms are a major funding source for e-commerce companies; however, funding has been on a decline compared to the record-setting 2021 levels. According to Crunchbase, Q4 2022 declined 13% compared to Q3 2022, and for the 2022 calendar year, funding has shown a 36% decrease compared to 2021. Although there are changes…
Learn how a multi-million-dollar U.S. retail bank with several branches that was non-compliant with regulatory controls was repositioned for success with the help of Withum’s Forensic and Valuation Services Team. Download a PDF of this case study. Executive Summary For its annual anti-money laundering (AML) program and operational review, a banking regulator found a commercial…
Withum is proud to share that the San Fernando Valley Business Journal (SFVBJ) has named Steve Martini and Chris Passmore on their Most Trusted Advisors list for 2023. Steve Martini has over 30 years of experience focusing on business consulting and management advisory services. He is a dedicated philanthropist, having served on the Los Angeles…
Original publish date: January 2022/Updated: March 2023 New Jersey business owners who have not previously taken advantage of the NJ BAIT, may want to reconsider making a NJ BAIT election for the 2023 tax year. In January 2022, Governor Murphy signed into law a bipartisan bill (S4068) that enhanced the state’s electable pass-through entity (PTE)…
NetSuite will begin the upgrade roll out beginning March 16, 2023. The specific date for your scheduled upgrade can be found in the “New Release” portlet in your NetSuite dashboard. What Is a NetSuite New Release Feature? Twice a year, NetSuite releases scheduled updates that enhance the functionality of the ERP platform. This may include…