Insights

Now is the time to review and consider all of your individual year-end tax planning options and strategies for the 2024 tax season. Check it out now.

Now is the time to review and consider all of your year-end tax business planning options and strategies for the 2024 tax season. Check it out now.

Navigating the complexities of international taxation requires a comprehensive understanding of evolving regulations and strategic planning. This overview encompasses key aspects of current tax landscapes that are essential for companies operating internationally. One Big Beautiful Bill Act (OBBBA) International Provisions Major International Tax Changes Made by OBBBA – Effective January 1, 2026: Examination of Select…

As states continue to adapt to the post-Wayfair landscape, the initial focus on establishing economic nexus thresholds has largely stabilized. With these standards now firmly in place, many jurisdictions are shifting their attention toward expanding the sales tax base or adding other indirect taxes or fees. This includes broadening the scope of taxable items and…

At Withum Wealth, we believe that a large part of long-term financial success is planning ahead. For this year-end planning guide, we have included a list of actions to consider in this dynamic financial environment. Year-End Planning Checklist Budgeting Portfolio Review Retirement Savings 2025 MAGI Limits Single Married Filing Jointly $150,000 – $165,000 $236,000 –…

Transfer Pricing has been a hot topic and the biggest tax uncertainty for multinationals for years; somehow, it just keeps getting hotter. The global trade uncertainty that’s driven by the U.S. administration increase in tariffs for products crossing into the U.S. border is amplifying the need for strategic, transactional transfer pricing. With multinationals transferring products…

As the year draws to a close, it’s essential to take a comprehensive look at your insurance policies. Reviewing your coverage now can help you identify potential savings and ensure you’re adequately protected against any surprises. Here are some of the factors to consider in terms on your insurance, employee benefits and pension plans. Disclaimer:No…

To minimize the cash tax impact of federal (and state) income tax payments, R&D Tax Credit studies should be considered. The R&D Tax Credit is broad and applies to many industries. Taxpayers do not need to be engaged primarily in R&D to qualify, nor do they need to be in a positive tax position (recent…

Charitable Gifting Charitable Contributions For 2025, donors may claim a tax deduction for contributions of cash of up to 60% (for noncash assets held more than one year up to 30%) of one’s AGI. Donation amounts in excess of these limits may be carried over for up to five tax years. For example, consider an…