When a client’s spouse passes away, an estate lawyer or wealth manager must help them manage their loss while also ensuring the estate fulfills its tax obligations to the IRS. If the estate does not properly disclose its assets on time, the surviving spouse may face an unexpected tax burden later. This article discusses Rowland…
Navigating the complexities of real estate development accounting can be challenging, especially with frequent changes in tax laws and incentives. This FAQ is designed to provide clear, up-to-date answers to the most common questions developers face when deciding whether to expense or capitalize costs. Whether you’re a small business or a large enterprise, you’ll find…
When leadership is uncertain of how an audit would be an asset, it is important to remind them that an “audit” is not just a necessary requirement, it is a powerful tool for driving business growth, reducing risk, and building trust with your customers. Compliance efforts should be seen as a valuable opportunity to strengthen…
Chris Passmore, partner-in-charge of Withum’s Los Angeles office, is a dynamic business leader and driving force in the Firm’s strategic vision. As an accomplished CPA with nearly 25 years of experience, he specializes in assurance and business consulting for emerging and middle-market companies, with expertise in working with Technology companies, Professional Services, franchised businesses and Employee Benefit Plans. He advises clients…
The Help Independent Tracks Succeed (HITS) Act is part of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3. The tax legislation package is a major step forward and a landmark win for independent musicians, producers and small labels. This new law updates the tax code to give music creators…
When pitching to investors, selecting the right revenue metrics is essential to demonstrating your company’s potential. Not all metrics are equally meaningful; some can mislead or distract, reducing your chances of securing funding. To build trust and show value, avoid these common investor pitch mistakes and focus on metrics that reflect your business model, show…
As organizations continue migrating to the cloud for increased speed, flexibility, and innovation, security remains a top priority. Google Cloud Platform (GCP) offers strong built-in protections, but these tools require proper configuration to be effective. Many environments remain vulnerable due to overlooked settings, weak controls, or lack of visibility. Below are five common GCP security…