A warrant enables its holder to purchase shares of the issuer’s stock at a specified price within a specified period of time. Depending upon the terms of the warrant, as well as the terms of the underlying shares, warrants can be classified as either a liability or an equity instrument. The classification can have a…
Have you ever heard the joke about how a camel is simply a horse designed by committee? It’s one of my favorites for two reasons. First, well, it’s funny. Second, it clearly illustrates the inherent danger of having too many people making decisions for a project.
To Plow or Not to Plow? Many individuals, including myself, don’t consider themselves experts with Shakespearian quotes. However, the famous quote, “To be or not to be” can be relative during the winter months for many contractors. Contractors, both large and small, are faced with the tough decision on whether or not to use otherwise idle…
Africa, Are You Ready? This week’s blog post about volunteering in Africa is written by Withum’s International Services Group member, Kathy Sikora. Dear Africa, It’s been a little over a year since I’ve seen you, and I’ve missed you so much that I’ve decided to come back and stay… for an ENTIRE YEAR! Get ready!…
Investing in a U.S. Business? Here are Three Tax-Motivated Reasons to Setup a U.S. Corporation First Whether foreign investors are engaged in a trade or business in the U.S. is generally a question of fact, meaning that there are no hard rules that result in a plain vanilla “yes” or “no” answer. Sometimes foreign investors…
IRS Gets All New Partnership Audit Process Ken Degraw, CPA, CFP, CFE – Partner – WithumSmith+Brown, PC Partnerships get Heartburn Partnerships have been dealing with an old set of rules under which they were audited by the IRS called the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”). Over the years the IRS and…
The Perfect Pitch – How to Avoid Those Painful Pitfalls (Part I) “We made too many wrong mistakes” – quote from Yogi Berra I have seen hundreds of “decks” and heard as many pitches and have also studied others’ guidelines on how to hone a pitch. Unfortunately, I have also seen loads of mistakes so…
Bali, Indonesia – A Third World Paradise Bali is every Australian’s cheap vacation spot. It’s only about a 3.5 hour flight from Perth and was quite an amazing experience. How to do Bali: Step 1: As you arrive at the airport, there will be about fifty local Indonesian guys asking if you need a taxi….
Share Welcome to the Withum 300 Blog! Welcome to the Withum 300 blog, where you can follow the monthly progress of our group and read about the personal stories of some of our runners. Now in its third year, Withum 300 was originally conceived by one of our senior accountants as a shared fitness goal…
Information Filings Due April 15, 2016 for Certain Corporate Taxpayers Certain corporate taxpayers who filed North Carolina corporate tax returns in 2015, must file an informational report (Form CD-400 MS) with the state by April 15, 2016. The report deadline may not be extended. Late filings are subject to a $5,000 civil penalty. Filing Requirement…