It’s Time to be a Shareholder Not a CEO Max Bialystock: “So you’re an accountant, eh?” Leo Bloom: “Yes sir.” Max Bialystock: “Then account for yourself! Do youbelieve in God? Do you believe in gold? Why are you looking up oldlady’s dresses? Bit of a pervert, eh?” Dialogue from the Mel Brooks classic “The Producers.”…
Can Your Company Cash in on the Modified R&D Credit? The modification of the R&D credit, enacted as part of the 2015 PATH ACT, creates a major cash saving opportunity for startup and small businesses. Qualifying companies can put the credit to use towards their payroll tax liabilities and keep the cash where it matters…
Cybersecurity By Joseph Cassano, CPA – Senior Manager – WithumSmith+Brown, PC Cybersecurity has become the latest buzz word and focus of the United States Securities and Exchange Commissions (“SEC”). The SEC realizes that registered investment advisers (“RIA’s”) are using technology more and more in everyday business, and the need to protect sensitive and confidential information…
July 11 Deadline to Convert New Jersey BEIP Grants to Tax Credits On January 11, 2016, P.L. 2015, c. 194 was signed into law permitting the voluntary conversion of outstanding Business Employment Incentive Program (“BEIP”) grant commitments into refundable tax credits. A business approved for a BEIP grant that chooses to pursue this opportunity has…
Withum Welcomes New Partner Paul Helderman to Tax Practice Bergen County resident brings 30+ years of Corporate Tax expertise to new role WithumSmith+Brown, PC (Withum) has announced the appointment of Paul Helderman, CPA, MST, to partner in the Firm’s Tax Services practice where he will focus on federal corporate income tax issues. In his new…
Why Global Mobility Is Essential to Multinational Businesses It is a global world; our markets get smaller and bigger with every turn. As companies seek other avenues of revenue, they may find themselves expanding in new countries and/or continents (or they already have). As the expansion takes place, conserving the processes and culture of the…
Corporate Inversions: What They Are and Why Do They Matter Proposed regulations recently released by the Internal Revenue Service (“IRS”) in April of 2016 aim to further reduce the benefits of and limit the number of corporate tax inversions. Large U.S. Corporations save millions of tax dollars each year from corporate inversions. Corporate Inversions A…
Don’t Let This Insurance Mistake Happen To Your Business! Did you know that changing the structure of your business can affect your insurance coverage? That concept was at the heart of a case decided by the United States Court of Appeals, Tenth Circuit, in January: Christy v. Travelers Indemnity Company of America. Failing to update…
Withum Names Three Senior Managers to Partner Accounting and advisory professionals specialize in diverse industries WithumSmith+Brown, PC (Withum), a Top-30 nationally ranked public accounting and advisory firm headquartered in Princeton with offices in New Jersey, New York City and Philadelphia, is announcing the promotion of Carleen J. Gaskin of River Vale, NJ, Sheri Wronko of…