Share Don’t delay – it is time to evaluate your property tax valuations and time is of the essence! During this time, cash is king and it is more important than ever as business owners that you evaluate any potential cash saving strategies that are available to you. At Withum, it is our goal to…
Share Transfer Pricing, with a Dash of SALT Transfer pricing discussions have been thus far highly focused in the global arena. This scrutiny and litigation continues to be a trending topic, increasing in transparency and crackdown by tax authorities on a global level. The past few weeks we have seen an uptick in discussions pertaining…
Enterprise resource planning (ERP) systems are designed to automate and add efficiency to repetitive business process in order to connect processes in real-time. The hospitality industry often has multiple applications to serve its customers and ERP systems can aid in integrating data into a single database with a single interface, resulting in time savings for…
When you find your company facing significant financial headwinds, bankruptcy should be your last option. There are preventative measures you can take, before bankruptcy, to protect yourself, your assets and the business. Bankruptcy should be a last resort, only elected if there are truly no other options, but must be considered with all other possible…
Share On Tuesday, July 28, 2020 the IRS issued final regulations (T.D. 9905) with guidance on applying the limitations on the deductibility of business interest expense under section 163(j) (the Final Regulations) and proposed regulations (REG-107911-18) (the New Proposed Regulations). Section 163(j) was enacted as part of the Tax Cuts and Jobs Act (TCJA) and…
Chapter 7 Bankruptcy is a liquidation, meaning your available assets will be used to satisfy creditor claims. However, getting to that endpoint is not a straight line. The path is slightly different for individuals and businesses. You submitted your schedules to the court, and now the automatic stay is in place. The next step is…
Share Withum is proud to announce that the National Association of Certified Valuators and Analysts® (NACVA®) named Brian McIntyre and Joshua Davis are 40 Under 40 Honorees. Brian is a senior manager in Withum’s Forensic and Valuation Services Group, specializing in business valuations for financial reporting, tax, and financing purposes. He founded Withum’s service line…
Share On August 4, 2020, the Small Business Administration (SBA), in conjunction with the Treasury Department, released 23 frequently asked questions (FAQs) regarding loan forgiveness under the Paycheck Protection Program (PPP). The FAQs, released approximately one week ahead of the SBA’s opening its loan forgiveness application portal, covers general questions surrounding the process and the…
Think about the start of a rollercoaster ride. You feel the coaster engage and it starts to move. It slowly climbs that first giant incline, and the anticipation builds for what comes next. When you make the decision to file for bankruptcy protection, the moment before the schedules are submitted, and the direct aftermath, is…
Filing for bankruptcy does not just happen; it requires significant planning and coordination if it is to be successful. Success, of course, is relative, and will mean different things depending on the intended Chapter you file under, and if you are an individual or business entity. The first step, regardless of your plans, is to…