Eliminate Spreadsheets: Optimizing the Resource Management Process View PDF» Organizations that use the “spreadsheet” approach to resource management are, in effect, playing a game of chance. What if the spreadsheet is outdated or contains errors? Mission critical staffing decisions should be made with accurate, up-to-date resource utilization and skills data that can only be provided through the…
Princeton University Settles Property Tax Lawsuit On October 14, 2016, Princeton University (“University”) reached a settlement agreement related to a lawsuit brought against it by Princeton, New Jersey residents. As a result, Fields v. Trustees of Princeton University will not go to trial. In the lawsuit, the plaintiffs challenged the property tax exemption granted to…
On November 8, 2016 the Securities and Exchange Commission (“SEC”) Division of Trading and Markets issued a no-action letter regarding the treatment of operating leases under the Securities and Exchange Act Rule 15c3-1. This letter is in response to a letter written by the Securities Industry and Financial Markets Association (“SIFMA”) to the SEC to…
IRS decision overturned: Gas, Loyalty Programs and Tax Deductions Giant Eagle is a Pittsburgh, Pennsylvania based corporation that operates a chain of supermarkets, pharmacies, gas stations, and convenience stores throughout Pennsylvania, Ohio, West Virginia and Maryland. As one of the largest, privately owned and family-operated companies in the nation, Giant Eagle has annual sales of…
Withum Continues to Lead the 2016 SPAC IPO Market Withum is the current auditor of record on the two largest special purpose acquisition company (“SPAC”) IPOs in the second half of 2016. GTY Technology Holdings Inc., backed by former EMC executives, raised $552 million, inclusive of $72 million of units issued pursuant to the exercise…
The International Accounting Standards Board defines an asset as a “resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity.” Asset investigations aid in determining the existence of assets that will be helpful in determining the value of a company or…
Equity Plans Part II – Are We There Yet? Most of you will recognize this oft repeated question which parents have heard for years. Popularized in the movie and television show by the same name as well as the movie Shrek, it is the question that sends a chill down any parent’s spine; especially when…
8 Ways Legacy ERP Harms Businesses View PDF» When was the last time you upgraded your ERP system? Not just patched, fixed or tinkered with it – but implemented a substantive upgrade that enabled real business innovation, generated excitement and unleashed a wave of ideas of productivity from your users? You know – the same…
Share Third Time’s the Charm While this is Krysten Hambrook’s first year participating in the Withum 300 running group, she’s well on her way at crushing 300 miles. As of the end of September, she’s already conquered more than 200 miles. Yet, like many of the people on our team, Krysten isn’t a life long…
When entering into a new lease agreement, both tenants and landlords need to be careful when determining who will be paying for the leasehold improvements. There are multiple options available and the decision could have tax impacts on both parties. Option #1 – Landlord Pays for Improvements One option would be for the landlord to…