Global Summit Series: Doing Business in Netherlands
Food: Sightseeing: Withum’s International Services Group invites you to our 2022 Global Summit Keynote. Wednesday, June 810:00 – 11:00 AM Register Here
Insights
Global Summit Series: Doing Business in Brazil
Food: Brazilian Barbecue “Churrasco” and “Feijoada” Sightseeing: Balneário Camboriú located in the State of Santa Catarina Withum’s International Services Group invites you to our 2022 Global Summit Keynote. Wednesday, June 810:00 – 11:00 AM Register Here
Withum Enhances Government Contractor Services with Boutique Expertise
On May 1, 2022, Leneé Lyte, founder and CEO of boutique firm LYRC CPA, joins Withum to bolster the Firm’s Government Contractors Services practice. Withum, a nationally recognized CPA and advisory firm with 18 offices and annual revenue of $360M, ranks in the top 25 firms in the country. Leneé will join the Withum roster…
Biden Proposes New Crypto Tax Reporting
By Allison Katz
The Biden Administration FY 2023 Budget and Treasury Green Book, released on March 28, 2022, includes various proposals to modernize the United States’ current compliance and reporting structure surrounding digital assets. Individuals and businesses could welcome clearer guidance, with the understanding that additional reporting and compliance are likely to go hand in hand. Expansion of…
IRS Grants ERC Penalty Relief…Sort Of
By Allison Katz
Because the IRS is so backlogged these days, we have many clients that filed employee retention credit (ERC) claims more than six to eight months ago and still have not received the funds – for many clients, the claims are in the millions of dollars. This puts them in an awkward position because the IRS…
How Gen Z Is Changing the Retail Market and Potential Pitfalls Businesses Need To Be Aware Of
By Allison Katz
As the first generation of Digital Natives enters the professional space, the importance of E-Commerce Platforms has reached a new level. Gen Z customers are more likely to purchase through social media platforms. What impact does this have on the consumer products industry? Some of the biggest social media platforms utilized by Gen Z include…
10 Steps for Selecting a Manufacturing ERP System
Fraud Detection and Prevention: Real Life Story
By Allison Katz
Employee fraud is a prevalent issue for all organizations and can lead to devastating impacts. It is essential for companies to be proactive instead of reactive to prevent future fraud instances. Below is a real-life story of a highly trusted employee taking advantage of their employer and actions that could have prevented the company from…
Ethical Hacking – Learn How To Be Proactive
By Allison Katz
According to recent statistics, a hacker attack occurs every 39 seconds. Hackers can steal 75 records per second. Sixty-six percent (66%) of businesses attacked by hackers were not confident they could recover from the damage that had been done. Hacking has become very prevalent in recent years, and many businesses have yet to adopt a…
2022 ACFE Report to the Nations: Fraud Trends and Key Takeaways
By Allison Katz
The Association of Certified Fraud Examiners (“ACFE”) 2022 Report to the Nations estimates that the average organization loses 5% of its annual revenue to fraud each year, causing a median loss of $117,000 before being detected. Occupational fraud committed by individuals against their employers is not an emerging concept but it is clear that the…