As far as the IRS is concerned, not all tax scams should be treated equally. Last month the Service announced which scams made the list comprising the IRS’s “Dirty Dozen” for tax season 2022, meriting extra scrutiny. Included on the list is a wide range of tax evasion tactics. This article highlights four of them,…
Occupational fraud is detrimental to an organization, impacting both internal operations and external reputation. With fraudulent schemes on the rise and constantly evolving, organizations should educate themselves on common occupational fraud schemes to determine whether they too, have been or could be a victim of fraud. In our previous article, we explored the Association of…
After receiving complaints from small business owners, the Senate Finance Committee held a hearing on June 14th to review the effect of the2018 Supreme Court decision in South Dakota v. Wayfairon small businesses and remote sellers. In 2018, the Supreme Court reviewed and upheld the lower court’s decision in South Dakota v. Wayfair eliminating the…
The 340B Drug Pricing Program (“the Program” or “340B”) is a federal program that allows Federally Qualified Health Centers (“FQHCs” or “Covered Entities”) to purchase drugs at significant discounts from manufacturers. The Program has received considerable scrutiny from drug manufacturers and lawmakers alike due to the size of the discounts. This scrutiny has increased regulation…
Equity can be complex. However, equity can be a considerable part of compensation packages and can take many forms, including stock options. Withum’s Founders and Tech Executive Services Team is here to help simplify equity compensation and explain some general tax considerations of several types of equity compensation. Learn more by viewing our short video…
Bill Bradshaw, Director of Inclusion and Diversity at Withum, was named in the New Jersey publication ROI-NJ as a top DEI leader in the state. Since joining the Withum team as the first Director of Inclusion and Diversity, Bill spearheaded initiatives that further established Withum’s commitment to fostering authenticity, transparency and engagement to uphold three…
Withum is proud to announce that three Partners, including Managing Partner and CEO Bill Hagaman, were named to the 2022 Edition of NJBIZ’s Accounting Power 50 List. In the Number 6 spot, Bill Hagaman was praised for his longtime leadership at the Firm and his success in its growth. Additionally, the profile expands on Bill’s…
The IRS is staffing up, the states are in need of money, and every day there is another story of someone who thought they could game the system. Unfortunately, the taxing authorities are not in the mood to play a game. The IRS has added the newly-created Office of Fraud Enforcement and is now training…
Withum is proud to announce its 2022 new partner class. Sixteen team members advance to partner in Withum offices nationwide and join the dynamic, diverse corporate leadership team at Withum, totaling 200 partners. It is my great honor to present our largest-ever new Partner class. Their diverse backgrounds and areas of expertise reflect our commitment…
Withum’s Enterprise Resource Planning (ERP) and Management Consulting Services Teams were featured by CIOReview as the cover story and named one of the 10 Most Promising Enterprise Resource Planning Consulting/Services Companies in the publication’s Special ERP Issue in June 2022. Withum assists enterprises in deriving the best value from their ERP systems and add-ons– from…