Share The construction industry is competitive, and when there is competition, there is margin pressure. Project managers, estimators and owners are currently faced with increased risk due to uncertainties associated with the supply chain, unusual weather patterns, quality labor shortages, political landscape, and, yes, inflation. The cost of material is on the rise from supply…
On September 17, 2020, the Financial Accounting Standards Board (FASB) issued accounting standards Update 2020-07, Not-for-Profit Entities (Topic 958) – Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. This ASU was issued to address concerns about the lack of transparency in the financial statements regarding the amount of gifts-in-kind (GIK) received and used…
Share An update from the SBA announced that it is no longer requiring PPP borrowers to complete the Loan Necessity Questionnaire as of July 9, 2021. This will impact any borrower that (together with its affiliates) received a PPP Loan of $2 million or more and has recently filed or is about to file for…
On July 15, 2021, OUM & Co., LLP (OUM), a public accounting and business advisory firm headquartered in San Francisco, CA, joined its practice with WithumSmith+Brown, PC (Withum), a nationally recognized CPA and advisory firm with 15 offices, and annual revenue of $300M, ranking in the top 25 firms in the country. OUM’s eleven partners…
Every year Microsoft holds a conference for their partners, like Withum, where we get the opportunity to learn about new capabilities across the Microsoft Cloud and share the news with our audiences. This year’s Inspire introduced a new way for organizations to deliver secure hybrid workplaces. Check out our recap as we get to know…
Share I know…You’re thinking “the past 18 months have been exhausting, it’s summer, I’m relaxing and Withum has another new tax acronym for me to decode?!” To that I say: No, my friend…it’s an old tax acronym. One that was going away, but decided to move back home for the next five years; however, unlike…
Share Download a PDF of this case study. Executive Summary A professional services firm was looking to implement a single solution for internal communication and collaboration. Replacing multiple platforms with Microsoft Teams allowed the organization to utilize a single easy-to-access platform for all internal communication and collaboration. The Client The client is a professional services…
Withum received recognition as a DEI Best Place to Work, scoring 90 on Disability:IN’s 2021 disability equality index (DEI®). 2021 is the first year Withum has participated in the DEI® index. The DEI® index is a benchmarking tool and joint initiative of the American Association of People with Disabilities (AAPD) and Disability:IN that helps companies…
In the wake of the Colonial Pipeline hack and the numerous stories of unauthorized data being transferred out of a company, I have had many clients ask, “what security features should I implement or make sure are implemented to ensure data leakage prevention?” To answer this question, we must first understand what ransomware attacks and…
Share California Donor Disclosure Rules Updated The US Supreme Court ruled in a 6-3 decision that providing donors’ sensitive personal, (name, address and amount of gift), information to the California Attorney General was unconstitutional because it violated the First Amendment, imposing a widespread burden on donors’ rights to free association. Charities, tax-exempt under IRC Section…