There are approximately six million students enrolled in U.S. private schools, where average enrollment is about 140 students and the student-to-teacher ratio is about 10:1. According to IBISWorld, as of June 2020, K-12 private schools in the U.S. are expected to be an $87.7 billion industry for the 2020 calendar year. Average annual tuition at…
When a customer files bankruptcy, particularly if that customer is a significant source of business, it presents you with a multitude of unexpected challenges and decisions. You need to move quickly to assess your position and the very real financial ramifications of your sudden loss of revenue and cash flow. To this point there has…
Share You’re ready to start your ERP software implementation journey with glorious intentions of adding unicorns and rainbows to your efficiency, inter-department communication, and the bottom line. Either you figured out on your own that it isn’t that easy, or you hired someone to assist you with your project. Or you haven’t done either yet…
Share Withum is proud to welcome Steve Brady, CPA, to the Transaction Advisory practice as Partner and Practice Leader. Specializing in buy-side and sell-side due diligence, merger integration and other advisory services for mergers and acquisitions, debt offerings, carve-outs and other transactions, Steve advises clients to realize value from middle-market transactions across multiple sectors. “Steve…
Many entrepreneurs in the real estate industry start out with a property or two and then quickly expand into a bigger enterprise. Part of the struggle with this expansion is that the organizational tools used by the entrepreneur as a smaller entity may no longer be sufficient when managing multiple properties. By properly preparing for…
Share Withum, leading advisory and accounting firm, completed the relocation of 30 Team Members to a new location in Center City Philadelphia. The new space, 1835 Market Street, maintains the Firm’s presence in the heart of the city in a Comfortable Urban style. The layout of the space is consistent with other Withum offices across…
Share As a small business, it is commonplace to become accustomed to how the state of your business currently works. It is small enough where workarounds and manual processes do not impose a great degree of additional demands or limitations on operations. Tools like Quickbooks Enterprise or Quickbooks Online were likely a good fit for…
Update: August 31, 2020 New Guidance Implementing Employee Payroll Tax Deferral Provision On August 28, 2020, the IRS issued Notice 2020-65 to provide guidance to employers on how to execute the President’s August 8th executive order, summarized in the article below. The IRS issued a press release accompanying the Notice. The Notice allows employers to…
Share On August 24, 2020, the SBA issued a new Interim Final Rule (IFR) addressing the paycheck protection program (PPP). This is the SBA’s 24th IFR on the PPP since the enactment of the CARES Act on March 27, 2020. The IFR addresses the ownership percentages that trigger the applicability of the owner compensation rules…