Share Withum is proud to announce that the New Jersey Society of Certified Public Accountants (NJCPA) named Amy Both an Ovation Award winner in the Woman to Watch category. The Woman to Watch category applauds the growth and success of female NJCPA members for their leadership, potential, contributions and commitment to fostering the success of…
Share Urgent – Action May be Required by July 15, 2020 In the case of California v. Texas, the U.S. Supreme Court agreed to hear an appeal regarding the constitutionality of the 2017 removal of the individual mandate provision from the 2010 Affordable Care Act (ACA). The removal had the effect of imposing a penalty…
The two types of investors who can benefit the most from investing in a REIT are foreign investors and tax-exempt investors. With the passing of the Tax Cuts and Jobs Act of 2017 (TCJA), taxable and domestic investors can now reap additional benefits of investing in a REIT as well. REIT Benefits for Tax-Exempt Investors…
Share The Main Street Lending Program (MSLP) is now accepting applications from borrowers. The MSLP currently consists of three programs: (i) Main Street New Loan Facility (MSNLF), (ii) Main Street Priority Loan Facility (MSPLF) and (iii) Main Street Expanded Loan Facility (MSELF). There are two proposed programs specifically for Not-For-Profit Organizations: (a) Nonprofit Organization New…
Share Princeton, NJ, July 1, 2020 – Withum, a leading advisory, technology and accounting firm, is proud to announce the six team members advancing to Partner at the Firm: James Berg, CPA; Jennifer Safeer, CPA; Joseph Ro, CPA; Michael Tenny, CPA; Scott Bartolf, CPA, MBA, CGMA; and Scott Reddersen, CPA, MBA. Effective July 1, 2020,…
Share Insights to tax considerations of relocation, expansion, or consolidation of operations. Thecoronavirusoutbreak has caused major disruptions worldwide. The threat has impacted all business in many unexpected ways. In adjusting to thenew “normal”, many businesses are contemplating moving operations or offices to new states. As you consider relocating, you may wonder how this will impact…
Share CIO Review named Withum, leading advisory, accounting and consulting firm, to their Top 10 Most Promising NetSuite Consulting Service Company list for 2020. Withum, an authorized NetSuite reseller, uses the customer journey to customize client experiences with ERP Solutions. The Firm is in tune with individualized business operations and system interaction. Partner Joseph Riccie,…
Learn how a global nonprofit humanitarian agency improved communication and achieved easy, on-the-go access to news and information. Download a PDF of this case study. Catholic Relief Services (CRS) employees are dispersed all over the world and the organization was looking for a modern, unified platform that would bring their mission and employees together. Replacing…
Share The IRS issued Notice 2020-36 on May 1, 2020.The Notice includes a proposed revenue procedure and solicits public comments on changes that would modify and supersede Revenue Procedure 80-27 (as modified by Rev. Proc. 96-40), dealing with Central Organization filing. A group exemption letter permits a central organization, i.e., an organization that has one…
Share The business world has experienced significant changes over the past 3 months and will continue to see significant changes over the next few months and potentially permanent changes to business as we know it. As a not-for-profit organization, we see some unique challenges which will need to be considered on an ongoing basis.The following…