Innovation is at the core of modern manufacturing and consumer products companies. Whether it’s optimizing production lines, reformulating products to enhance shelf life, or implementing automation, technical problem-solving happens daily across the sector. Yet many manufacturers overlook one of the most valuable tax incentives: Federal and State Research and Development (R&D) tax credits. For CEOs,…
The IRS has released new guidance on crypto staking and grantor trusts that marks a pivotal step for trusts navigating the complexities of digital asset investments. The IRS guidance in Revenue Procedure 2025-31 provides clarity for grantor trusts that hold digital assets. Historically, there were concerns that engaging in staking activities, particularly with proof-of-stake cryptocurrencies,…
Understanding how to properly source billable hours for tax purposes is crucial for law firms, particularly due to the varying rules across different states. The Washington Court of Appeals has clarified that litigation receipts should be sourced to the venue of the case, while consultation services should be sourced to the client’s location. This nuanced…
Are you a founder, investor or executive wondering if your business qualifies for powerful tax savings under the Qualified Small Business Stock (QSBS) rules? With recent updates from the 2025 One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3, understanding your eligibility and maximizing your benefits is more important than ever….
Form 1099-DA is the IRS information return created to standardize third-party reporting for sales and exchanges of digital assets. Starting with 2025 activity, many platforms will furnish Form 1099-DA to customers and file it with the IRS in early 2026. This increases IRS matching and notice risk when tax return reporting does not reconcile with…
Withum is proud to announce that it has earned the Great Place To Work Certification™ for the 2025–2026 year, marking the Firm’s sixth consecutive year achieving this recognition. For over three decades, Great Place To Work® has conducted employee surveys, gathering insights on every aspect of the workplace experience. This recognition, awarded by the global…
Withum’s Philadelphia office hosted its annual Big 5 Game Watch at the Xfinity Mobile Arena, bringing together over 100 members of Philadelphia’s M&A community for an evening of networking, basketball and charitable giving. The event, sponsored by ADP and Birch Benefits, featured the Philadelphia Big 5 tripleheader basketball games played by the University of Pennsylvania,…
The enactment of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3, on July 4, 2025, marks a significant turning point for physician practices across the country. By making permanent several provisions from the 2017 Tax Cuts and Jobs Act (TCJA) and introducing new tax rules, the OBBBA brings both…
How to get a local AI agent running in about five minutes–no credit card required. AI agents and AI agent development have been around for years and have a huge impact on the software development process. According to the 2025 StackOverflow Developer Survey, they are a force and can improve developer efficiency, quality and satisfaction….
Manufacturers are facing one of the most challenging financial landscapes in recent memory. Demand for everyday products remains steady, but the volatility of input costs — from plastics and packaging to energy and logistics — is squeezing margins and destabilizing cash flow. For CEOs, CFOs and controllers, the question is no longer whether volatility will…