Keep Your Best People Motivated There’s a talent war underway in the Architecture and Engineering industry and some firms are feeling vulnerable with staff jumping ship for better pay and incentive plans. It’s already a concern that millennials do not want to spend more than five years at any one company, let alone 30 plus…
Charitable Crowdfunding Accounting Considerations We have all heard about charitable crowdfunding and know it is not a new concept. The process of raising small amounts of money from a large population has been around since the radio was invented.The new considerations are the mediums in which crowdfunding campaigns are taking place. Mediums such as Indiegogo,…
In any internal control environment at any entity, there is one common factor that affects all members of the organization- information technology (IT). Information technology is the element that has the broadest impact on its users and is one of the least understood and least likely to be discussed. While this element of the internal…
Post By Alyssa Sproat Segregation of duties (SOD) is an essential part of the effectiveness of internal controls for any business. This integral separation ensures that key processes are performed by more than one person to prevent fraud or financial misstatement. While technology continues to become more sophisticated, the time is now to implement controls…
Reminder to US Withholding Agents and Non-US Citizens of Potential Filing Obligations The IRS has issued a news release reminding non-U.S. citizens who have taxable income, such as international students who receive scholarship funds, of their potential filing obligations. The IRS also reminded withholding agents that accurately filing Forms 1042-S, Foreign Person’s U.S. Source Income…
Don’t Let Excuses Prevent Success “I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is what I am…” line by Terry Malloy (Marlon Brando) from the movie “On the Waterfront” I am lucky; every day, I get the chance to meet bright, enthusiastic young entrepreneurs just…
Enabling Great Customer Experiences through ERP Software Solutions The Retailer’s Blueprint for Success Enabling great customer experiences is becoming increasingly difficult for retailers today as they confront challenges that are unprecidented in other industries. In fact, there’s a case to be made that retailers have experienced more change in the past few years than in…
Download a PDF of this case study. About the Client With more than 2,000 employees, the client is a large biotechnology/pharmaceutical enterprise located in the midAtlantic region of the United States. The Site Operations department is using Excel and Microsoft Office 365 for data analysis and distribution of business intelligence. The Challenge The client was…
Share How A Non-Runner Accumulated 1,000 Miles In 2016 While Withum 300 was originally conceived as a running group, there are some members who prefer to exercise through walking. In some instances, it’s for physical reasons. In Doris Martinez’s case, it was because she never considered herself “a runner.” And yet, through a desire to…
Share The period for implementing the Uniform Guidance procurement standards has passed, and all governmental, not-for-profit and higher education organizations should now have an updated conflict of interest policy as well as documentation that supports the procurement process. As a refresher, the effective date for procurement standards went into effect for all nonfederal entities with…