The inability of Congress to include key tax extenders in the Consolidated Appropriations Act of 2023, signed into law on December 29, 2022, will increase the federal income tax bill for the majority of U.S. businesses. Coming into the new year, business owners likely breathed a sigh of relief that no major tax legislation was…
The commercial office real estate market has been undergoing an unprecedented number of disruptions and monumental transformations. Consequently, owners, investors, managers, and operators of office spaces might consider new strategies and innovative solutions, such as smart building technologies. According to real estate executives responding to a 2023 Deloitte Outlook Survey, approximately only 9% of their…
Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. Whether it be seeking a bank loan, meeting regulatory requirements, or preparing for…
The passage of the SECURE Act 2.0 provides a slate of retirement changes that could improve the retirement system for many people. The new law supplements earlier legislation that increased the age for required minimum distributions (RMDs) and allowed for additional retirement options. Below are the major changes to be aware of that affect employers…
Withum Welcomes Morris County Vocational School District Cybersecurity & Information Protection Program Students to Top-of-the-Line Cyberspace. On Friday, January 13, Withum hosted students from Morris County Vocational School District to learn about a day in the life of cyber professionals, complete with a tour of the state-of-the-art facility, including its threat-tracking room, data destruction equipment…
Private equity and venture capital investments in growth organizations have grown exponentially in recent years, with $1.3 trillion invested in 2021 alone. Startups and seasoned organizations need a bit of a push to realize their potential; through a monetary investment and the sophisticated leadership that comes from these external investment firms in exchange for an…
There are several actions that a taxpayer can take that may result in a criminal referral or perhaps just the imposition of the civil fraud penalty. These all fall under the umbrella of tax evasion, but it is broader than that. In fact, there are several different actions a taxpayer can take or fail to…
If someone had asked me what I wanted to do in life when I was growing up, the research and investigation fields would not even have been a blip on my radar. Back in 2006, I answered a job posting in the local newspaper for a research position at a forensic accounting firm. Actually, my…
Withum is excited to announce its new agreement as a Player Care Partner with Premier Sports Network (PSN). PSN is the leading private network for the global sports industry, connecting key stakeholders and suppliers across the world of professional sport to improve the performance of those working behind the scenes and drive the development of…
January 11, 2023– Withum, a leading advisory and accounting firm, held its annual State of the Firm event on January 10. The event brought team members together in one location from across the globe and also offered a streamed presentation for virtual attendance. This annual meeting was the first Firm event to feature new Managing…