Life sciences companies operate in one of the most dynamic and high-stakes environments in business. Tracking milestone-based revenue, managing grants and preparing for audits often stretches internal resources thin. These demands require specialized accounting expertise that many teams don’t have in-house. Let’s explore the unique accounting challenges faced by life sciences organizations and the benefits…
Every year, as finance, operations and IT leaders finalize their budgets, the same question surfaces: Where can we reduce spending without slowing innovation or adding risk? The first step is often to look at headcount, hardware or major projects, but one of the most overlooked opportunities for savings lies right in front of us: software…
California’s manufacturing sector is under increasing pressure to strengthen financial governance. Rising costs, tighter margins and evolving regulations are reshaping the business landscape statewide. For middle-market manufacturers, typically those with revenues between $10 million and $1 billion, strong financial governance is no longer optional. It is a critical foundation for maintaining competitiveness, building resilience and…
As healthcare organizations prepare for the new budget year, it is essential to evaluate their financial performance in 2025 and develop a budget that reflects both the evolving healthcare landscape and current operational realities, as well as strategic priorities. Unlike traditional corporate budgets, budgeting in healthcare requires balancing reimbursement constraints, patient demand fluctuations and regulatory…
Withum is proud to announce that its partner, Jim Hannan, CPA, has been awarded membership in the “MADE in NJ Honor Roll” by the New Jersey Manufacturing Extension Program (NJMEP) at its 2025 Manufacturing Day event in October 2025. Based in our Whippany, NJ office, Jim is a long-time Partner and served as our inaugural…
As year-end approaches, ensuring accurate financial reporting is critical. Even small oversights can create significant ripple effects, impacting cash flow, financial performance and stakeholder confidence. Below we share some of the most common red flags and overlooked items that can slow or complicate the year-end close process, along with tips to address them before they…
Withum is proud to share that the Los Angeles Business Journal has recognized Kimberly Ravenell, Tax Partner, and James Theobald, Tax Principal, on its Top 100 Accountants list for 2025. Kim leads the tax practice in the Los Angeles office with over 30 years of experience providing tax planning and compliance services. Her pride in delivering…
Learn how Withum helped a defense contractor digitize paper records, leveraging SharePoint to improve audit readiness and document management. Executive Summary A Hawaiian-based defense contractor faced critical operational and compliance risks due to thousands of paper-based records stored across offices and off-site trailers. Withum’s Digital Solutions Team led a records digitization initiative leveraging Microsoft SharePoint,…
Purchase Accounting and Purchase Price Allocation (PPA) is a critical process in the private equity market and is most prevalent in the mergers and acquisitions (M&A) process. It involves allocating the purchase price of an acquired company to its identifiable assets and liabilities. This process ensures that the financial statements of the acquiring and acquired…