The US Census Bureau recently reported that as of the fourth quarter of 2018 the United States homeownership rate is 64.8%. Owning a home – white picket fence or not – continues to be a popular investment as a part of the “American Dream.” Of course, owning a home usually means eventually selling a home….
Share Withum is proud to announce the American Conference on Diversity (ACOD) will honor the firm as this year’s Corporate Social Responsibility Humanitarian Honoree at its Annual Fundraising Gala held on April 9, 2019, at the Pleasantdale Château in West Orange, New Jersey. At Withum, we are committed to empowering every team member to grow…
Share In this month’s Withum 300 blog, we speak with the firm’s Talent Acquisition Specialist, Michelle Aurich! Michelle has quite an interesting history with Withum: She originally started with the firm as a tax season intern in 2009, which was followed by an additional internship over the summer, before officially starting with Withum in August…
The Internal Revenue Service (“IRS”) issued final regulations which provides guidance with respect to implementing the new qualified business income (“QBI”) deduction (“Section 199A”) which, as added by the Tax Cuts and Jobs Act (“TCJA”) allows the owners of pass-through entities like limited liability companies, partnerships, S corporations, and sole proprietorships to deduct 20% of…
Share Sound project management is the centerpiece of being able to run a successful Architectural and Engineering (A/E) firm. While financial metrics for firms have been relatively constant, achieving a higher level of profitability still remains a top priority of management at these firms. Key Performance Indicators (KPIs) are common measurement tools used to assess…
The new qualified business income deduction has stirred a fair amount of buzz over the past few months with many taxpayers wondering if they too qualify for this lucrative tax deduction. It’s no wonder taxpayers are clamoring to know more about these potential tax savings because eligible taxpayers may be able to deduct up to…
Share In the process of renewing contracts, this national Employee Drug Testing Company was asked by a client for a Systems and Organization Controls (SOC) 2 report. The Employee Drug Testing Company took this opportunity to reach out to Withum’s SOC Audit Services team. The client requested that the Employee Drug Testing company have all…