Annual Withum Week of Caring Gets Employees out of the Office and into their Communities helping Local Charities Withum, the top nationally-ranked advisory, tax and assurance/accounting firm known for its social responsibility initiatives, recently dispatched team members from its offices to volunteer at local charitable organizations in the days leading into the holiday season. The…
Share Firm’s thought leaders serve as presenters Withum has announced its partnership with CPAacademy.org, a major provider of live CPE webinars and self-study courses for the accounting profession. The collaborative partnership includes a full calendar of webinar-based course offerings presented by Withum experts. We also offer accounting firms and corporate finance departments the opportunity to…
Share For U.S. tax reporting, the IRS provides over 800 different forms and schedules for taxpayers to file. With the vast amount of forms available to be filed by taxpayers, required filings may easily be overlooked. Where required filings are overlooked, the IRS will impose penalties and/or interest on the taxpayer for noncompliance. Often overlooked…
Share Microsoft Teams transforms workflow for Alcoa employees. At the Alcoa plant in the distant coastal town of Fjardaal, Iceland, employees relied on a magnetic board to assign and trade shifts, while standard email was used to communicate critical information from one shift to the next, both of which required people to be physically present…
Share Recently, in Siemer Milling Company v. Commissioner of Internal Revenue (T.C. Memo. 2019-37), the United States Tax Court (the Court) reviewed the Commissioner’s claims that Siemer Milling did not properly document their 2011 and 2012 federal research and development (R&D) tax credit under section 41. The Court found in favor of the Commissioner and…
Share Qualified Opportunity Funds (“QOFs”) were created by the Tax Cuts and Jobs Act of 2017 to encourage investments in designated communities by providing relief from capital gains. As a general rule, the special treatment applies to: Any taxpayer (e.g., individual, business); Who sells a capital investment (e.g., stocks, bonds, real estate) in 2019; and…
Transfer Pricing is the internal pricing charged between affiliated companies operating in different tax jurisdictions around the world. Global transfer pricing strategies include intercompany activity related to these four types of transfers between affiliated companies: Tangible Goods Product purchase/sale Services Provision of Management, G&A, R&D services, etc. Intangible Assets LIcensing of intellectual property, technology-related or…
Multiemployer pension plans are a significant component of the retirement system for unionized workers. These plans were created pursuant to the Taft-Hartley Act and offer benefits to millions of workers including: health, retirement, life insurance, training, legal services, etc. First, lets define a multiemployer plan. A multiemployer plan is a collectively bargained plan maintained by…
In these days of low unemployment and boundless opportunities, employee recruitment and retention are critical. Happy and engaged employees directly and positively impact customer experience and the bottom line. While the use of a comprehensive intranet was once a thing that existed only in tech startups driven by the millennial spirit, it is now becoming…