Withum Wealth Management Named as a Wealth Magnet Withum Wealth Management Named in Top 150 Firms by AUM AccountingToday has released their annual report ranking the top CPA financial planners by assets under management, noting Withum Wealth Management to be in the top 150. The article discusses the 2017 Wealth Magnets and their focus on…
Share The Journal – Summer 2017 Moving From a Static Intranet to a Digital Workspace By Withum Digital For most people, the idea of a corporate intranet is a place where you can grab company news, find benefit renewal forms, see the stock ticker, and access the directory. This is all well and good, and…
Healthcare entities are one of the many types of organizations that will need to evaluate their accounting practices in order to implement the new lease accounting standard issued by the Financial Accounting Standards Board. The primary objective of Accounting Standards Codification 842 (ASC 842) is to address off-balance-sheet financing concerns relating to leasing transactions. ASC…
Markets have evolved to include diverse financial products that are much more complex for tax purposes. Some of the most complicated for taxpayers to handle are interests in entities that are not separately taxed. The tax information reported to taxpayers annually can be baffling to those unaware of the tax implications. REITs (Real Estate Investment…
Buy Out Values – Hail the Willing Buyer “How the hell did he come up with that number?” – quote from a new client reacting to his partner’s price to be bought out. Almost every week, I get the chance to see a number of potential transactions among partners — mostly negotiating buying each other’s…
When engaging in a tax deferred exchange under IRC Section 1031, it is important to understand the proper treatment of transaction expenses, including which expenses can be capitalized as qualified exchange expenses. This involves not only the sale of the original property held but also the purchase of the new property. The following is a…
Madagascar – Where Being an Entrepreneur is a Way of Life “Necessity is the mother of invention.” – old English proverb My wife and I recently visited Madagascar. It is a beautiful country with unbelievable landscapes, great people and of course lemurs. As I am prone to do, I saw this world through my own…
As resorts continue to age and legacy resorts have increasing attrition in owners, the need for a resale mechanism and/or rentals has become paramount for sustainability. Access to trustworthy, reliable resale markets is an ongoing problem and rental competition adds a new dimension in the complexity of successful rental campaigns. It is always better to…
Money makes the world go ‘round, but can you tell your organization’s “money story”—how it generates revenue and profits, maximizes cash flow and steers clear of trouble? Not the practiced version that is supplied to the company’s investors, but the actual per unit economics, the metrics indicating the financial viability of the organization, what is…
Share As you may have heard, the AICPA’s Assurance Services Executive Committee (ASEC) released the Guide – Reporting on an Entity’s Cybersecurity Risk Management Program and Controls on May 1, 2017. Since this is a relatively new type of SOC audit, we thought we’d provide some clarity into the frequently asked questions we get around…