In manufacturing, there are many signs that your inventory management is under less-than-optimal control and possibly not getting better on its own. Here are some of the most obvious symptoms of poor inventory management: Of course, there are usually many factors that lead to this list of negative symptoms, but all of them have a…
One of the questions we are asked frequently is whether an investor in a SAFE is treated as owning “stock” for purposes of the 5-year holding period requirement in section 1202. If not, then the 5-year clock will not begin until the SAFE converts to equity, which may not occur until many years after acquisition…
Share Business expense management and tracking of corporate card spending has long been a pain point for businesses of all sizes. This is particularly true for small companies where volumes can vary widely from month to month and where the basic processes relied on during the early stages of a business quickly become outpaced as…
With security scrutiny booming due to reliance on service providers, the SOC report continues to advance from “nice-to-have” to “need-to-have” for vendors across all industries, including real estate services. System and Organization Controls (SOC) reports are issued by independent accountants under AICPA standards and enable companies to identify and attest to the effectiveness of their…
Share This is the most common question we field these days when it comes to the next round of tax legislation. The second is, “Are you really saying Congress can pass retroactive tax increases?” The answer to the second question is yes – Congress can pass retroactive tax increases and it has done so since…
Share After issuing a statement on March 29, 2021 that the Office of Labor-Management Standards (OLMS) would delay enforcement of filing Form T-1, the Department of Labor (DOL) announced a proposal to rescind the Form T-1 in its entirety. On May 27, 2021, OLMS published a notice of proposed rulemaking (NPRM) to rescind the Form…
The Internal Revenue Service has issued guidance in regulations, revenue rulings, and on its website. However, as is common with any topic that receives significant attention before complete guidance is issued, there is a lot of misinformation being circulated. In this connection, it may be helpful to review a few questions that Withum’s Real Estate…
Growth in the technology industry is always on the forefront of companies’ minds. And while no two growth paths look the same, a lot of tech companies are looking to M&A transactions to support their expansion. But what does it actually take to undergo a merger? Withum’s Melissa Roth sat down with Emily Moran of…
Share Microsoft Chatbots are quickly becoming the new norm within Office 365 apps such as Teams and SharePoint. The first part of this series talks elaborately about understanding Bot design language and processes. Click here to read part one. Before diving into mechanisms to bring the chatbot into your ecosystem, here are some common steps…
Share Additional CHAR-500 Filing Annually, most organizations, tax-exempt under IRC Sections 501(c)(3) and 501(c)(4), registered with the State of New York, must file Form CHAR-500, NYS Annual Filing for Charitable Organizations with the NYS Office of the Attorney General Charities Bureau Registration Section on or before the 15th day of the fifth month after the…