Share Project Dedicated in Memory of Three Team Members Withum has partnered with the University of Central Florida (UCF) to establish a new learning lab, which officially welcomed its first students following a recent ribbon-cutting event. Located in building BA1 on the UCF campus, the new center offers students a place to seek tutoring services…
Share Withum is proud to be a member of HLB, the global advisory and accounting network. HLB, a global network of independent advisory and accounting firms, released the Global Annual Review 2018, announcing revenue growth, the launch of the new HLB brand and the increase of headcount reaching a record high. In this annual report,…
Share How do I classify revenue? Contribution vs. Exchange; Conditional vs. Unconditional? The Financial Accounting Standards Board (FASB) issued rules on proper not-for-profit revenue recognition criteria. For not-for-profit organizations, it’s crucial to understand how to classify these types of revenue as these changes might impact the appearance of your financial statements. On June 21, 2018,…
Share Nearly all nonprofits offer some type of employee benefits whether tangible or intangible. Of those required benefits, organizations are sometimes unprepared for the extra resources and financial backing that the laws imply. The New Jersey commuter benefit law will find many nonprofits potentially digging for change to pay the fare. Common Benefit Offerings To…
Share On March 19, 2019, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 19-08 Giving Broker-Dealers Guidance on FOCUS Reporting for Operating Issues. Summary (per Regulatory Notice 19-08) In October 2018, the U.S. Securities and Exchange Commission (“SEC”) Division of Trading and Markets issued the no-action relief letter regarding the treatment of operating leases…
Whether you already have Office 365 or Microsoft 365, or you’ve made the (smart) choice to migrate over to it, you’re now faced with the decision on how to purchase or renew your Microsoft licenses. Microsoft offers their customers a few ways to obtain licenses — and we’ll discuss them all here — but we recommend partnering with a trusted advisor who…
Share Investors around the globe are more informed, interested and educated on environmental, social and governance issues (ESG). In this article we will discuss several social and governance issues that continue to make headlines as well as the impact of incorporating ESG criteria into portfolio construction considerations. “All the Money in The World,” a December…
Share The Tigger House Foundation was founded in 2013 by Lisa, Rick and Alex Stavola, in honor of Rick Stavola Jr., (“Tigger”) who lost his battle with addiction at 25 years old. The Stavola family, along with Christian Peter (Tigger’s sponsor), have courageously decided to take a stand to fight the opiate and heroin epidemic…
Share A private foundation is an excellent tool if you have any charitable intent and yet at the same time a desire to create a perpetual legacy for your children and future generations to come. Creating a family foundation during your lifetime can reward you and your family in many ways. Some of the reasons…