Regulation and Tax Implications of Crowdfunding Crowdfunding has gained popularity in recent years as being one of the best ways to raise money from a large number of people. There are three distinct types of crowdfunding: Reward-based crowdfunding Donation-based crowdfunding Equity-based crowdfunding (also known as regulation crowdfunding) In regards to equity-based crowdfunding, the SEC adopted…
When conducting a forensic accounting engagement forensic accountants may need to review real estate documents. Buying or selling a home is a major transaction for an individual or business and often involves large amounts of money. Several important documents are signed by the buyer and seller in order for a real estate transaction to occur. …
Federally Qualified Health Centers (“FQHC”) and Community Health Centers (“CHC”) (hereafter collectively referred to as “the Centers”) are safety net providers that serve the most vulnerable consumers of healthcare in America by providing necessary services without consideration of their ability to pay. Health centers are defined in the Public Health Services Act (“PHSA”) as “entities…
Stock Books Are Not Checkbooks Leo Bloom: “She also owns 50 percent of the profits.” Max Bialystock: “Mrs. Alma Wentworth.” Leo Bloom: “She owns 100 percent of the profits.” Max Bialystock: “Leo, how much percentage of a play can there be altogether?” Leo Bloom: “You can only sell 100 percent of anything.” Dialogue from Mel…
How to Bring Your Development and Finance Teams Together in Harmony View PDF Nonprofit finance and development teams each bring a unique perspective to an organization’s finances: not right, not wrong, but certainly different. Fundraising professionals focus on successfully raising money, while CFOs narrow in on compliance rules to account for it. Such fundraising strategies…
Share Withum 300 Raises Over $27,000 for Staff Hardship Relief Fund Our Withum 300 health and fitness group was recognized at Monday’s annual State of the Firm event for their efforts by awarding each team member who completed the challenge of running 300 miles or more over the course of 2016 with a personalized Withum…
Free Speech Fairness Act Introduced to House of Representatives On September 28, 2016, Steve Scalise (R-LA) and Jody Hice (R-GA) introduced proposed legislation, H.R. 6195, “The Free Speech Fairness Act” (“Bill”) to the House of Representatives. As stated in the Bill the purpose is “To amend the Internal Revenue Code of 1986 to allow charitable organizations…
Putting Your Best Foot Forward Nicole DeRosa is another “Withum 300 Original” who has succeeded in her goal of running 300 miles or more every year since the program was launched in 2014. However, unlike many of the other stories our runners have shared, Nicole’s obstacles haven’t been about making time or finding motivation, it’s…
Picking up and summarizing where we left off in Part I, valuing earn-outs and other contingent liabilities are the subject of fierce debate in the valuation community. What’s often cited as a common sense approach to valuing a financial metric-based earn-out is as follows: We hear frequently this thought process when folks are talking through…
New Jersey Urban Enterprise Zone Program Faces Expiring Provisions December 31, 2016 In 1983 the State of New Jersey enacted the Urban Enterprise Zone (UEZ) program to help revitalize urban communities throughout NJ by offering incentives to companies doing business in those areas. Those benefits not only apply to businesses headquartered in those zones, but…