Chris Passmore, partner-in-charge of Withum’s Los Angeles office, is a dynamic business leader and driving force in the Firm’s strategic vision. As an accomplished CPA with nearly 25 years of experience, he specializes in assurance and business consulting for emerging and middle-market companies, with expertise in working with Technology companies, Professional Services, franchised businesses and Employee Benefit Plans. He advises clients…
The Help Independent Tracks Succeed (HITS) Act is part of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3. The tax legislation package is a major step forward and a landmark win for independent musicians, producers and small labels. This new law updates the tax code to give music creators…
When pitching to investors, selecting the right revenue metrics is essential to demonstrating your company’s potential. Not all metrics are equally meaningful; some can mislead or distract, reducing your chances of securing funding. To build trust and show value, avoid these common investor pitch mistakes and focus on metrics that reflect your business model, show…
As organizations continue migrating to the cloud for increased speed, flexibility, and innovation, security remains a top priority. Google Cloud Platform (GCP) offers strong built-in protections, but these tools require proper configuration to be effective. Many environments remain vulnerable due to overlooked settings, weak controls, or lack of visibility. Below are five common GCP security…
Innovation is at the core of modern manufacturing and consumer products companies. Whether it’s optimizing production lines, reformulating products to enhance shelf life, or implementing automation, technical problem-solving happens daily across the sector. Yet many manufacturers overlook one of the most valuable tax incentives: Federal and State Research and Development (R&D) tax credits. For CEOs,…
The IRS has released new guidance on crypto staking and grantor trusts that marks a pivotal step for trusts navigating the complexities of digital asset investments. The IRS guidance in Revenue Procedure 2025-31 provides clarity for grantor trusts that hold digital assets. Historically, there were concerns that engaging in staking activities, particularly with proof-of-stake cryptocurrencies,…
Understanding how to properly source billable hours for tax purposes is crucial for law firms, particularly due to the varying rules across different states. The Washington Court of Appeals has clarified that litigation receipts should be sourced to the venue of the case, while consultation services should be sourced to the client’s location. This nuanced…
Are you a founder, investor or executive wondering if your business qualifies for powerful tax savings under the Qualified Small Business Stock (QSBS) rules? With recent updates from the 2025 One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3, understanding your eligibility and maximizing your benefits is more important than ever….
Form 1099-DA is the IRS information return created to standardize third-party reporting for sales and exchanges of digital assets. Starting with 2025 activity, many platforms will furnish Form 1099-DA to customers and file it with the IRS in early 2026. This increases IRS matching and notice risk when tax return reporting does not reconcile with…
Withum is proud to announce that it has earned the Great Place To Work Certification™ for the 2025–2026 year, marking the Firm’s sixth consecutive year achieving this recognition. For over three decades, Great Place To Work® has conducted employee surveys, gathering insights on every aspect of the workplace experience. This recognition, awarded by the global…