You probably see the term “technology modernization” everywhere. Does “technology modernization” apply to me? How do I know? What do I do about it? Let’s focus on what technology modernization means for your organization, specifically in relation to your accounting system. Also referred to as your enterprise resource planning (ERP) program, this includes: QuickBooks, Microsoft…
The real estate and hospitality industries have gotten very comfortable with the luxury of having 100 percent bonus depreciation on certain asset classes since it was re-enacted by the Tax Cuts and Jobs Act on September 27, 2017. This luxury is set to phase out starting January 1, 2023, until it is fully eliminated in…
Withum, a Top 25 advisory and accounting firm, released results from their annual Law Firm Leadership Survey. Law Firm Managing Partners, Chief Executive Officers, Presidents and others in leadership roles shared their perspectives on the impact of remote work and the future of law practices. This survey gives us insight into how firm leaders are…
With global companies operating with remote workforces, the frustration of manually sifting through records to determine which transactions should be indicated as qualified before filing deadlines will worsen. Understanding and reviewing your current 1099 process before year-end will help your finance department obtain any missing or incorrect information on time. Sage Intacct customers have benefited…
Microsoft Teams has been rolled out at a dramatic pace for many organizations, as working from home has become the new “normal” across the globe due to COVID-19. Organizations needed a way to allow their workforce to easily collaborate, communicate and meet internally and also externally with their clients and partners. However, many missed one…
An Enterprise Resource Planning rollout is paradigm-shifting…err, right? It can be. An ERP system can be critical to running your company better; it can help facilitate better communication between previously disconnected departments and more. This only works however if you avoid ERP implementation failure and the system is implemented properly. Here are some ERP implementation…
Withum is proud to share that Bill Hagaman has been appointed Global Chairman of HLB International. HLB, the global advisory and accounting network, announced at their annual summit in October that Bill Hagaman, Managing Partner and CEO of Withum, will take over the post from Corney Versteden. We are delighted to welcome Bill as our…
A comprehensive guide to understand the Power Platform licensing and making it more approachable. (Power Apps, Power Automate, PowerBI, Power Apps Portal, Power Pages, Power Virtual Agent, AI Builder and Dataverse) In this blog post, we outline and describe a comprehensive guide to understanding the Power Platform licensing and making it more approachable. I spent…
The Qualified Opportunity Zone program was enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA) to provide for long-term, tax-advantaged investment into certain designated low-income census tracts. Investments in Qualified Opportunity Zones (“QOZs”) have three main federal tax advantages: 2022 Year-End Tax Planning Resources Withum’s Year-End Tax Planning Resource Center is…
Today marked a huge milestone in the evolution of Esports! The International Olympic Committee (IOC) announced that the first Olympics Esports Week will take place June 22 – 25, 2023. This three-day event will be capped by the first in-person live finales of the Olympic Esports Series to be held in Singapore. Who would have…