Jay Shepulski Named In NJBIZ Forty Under 40 List WithumSmith+Brown is pleased to announce that partner, Jay Shepulski, CPA, has been named in this year’s NJBiz “ Forty Under 40” list. The Forty Under 40 awards program honors men and women who have been making headlines in their field and who share a commitment to business…
How Exactly Did We Get to Cuba? On December 17, 2014, the presidents of Cuba and the United States made a joint announcement that had, until then, seemed to be impossible: Cuba and the United States would embark upon a process of normalizing relations between both countries. Most are aware of the acrimonious and antagonistic…
We’ve all been there; your spam filter isn’t perfect and in slips an email from an individual in Nigeria requesting assistance with a large sum of money. With a quick click of the mouse, the sender has just targeted you for a money laundering scheme. According to the United States Treasury, money laundering is defined…
Agency-Wide Risk Assessments – Are You Meeting Your Responsibilities? Corporate governance plays a significant role in any not-for-profit organization as the decision makers in the organization – generally the board of directors/trustees– are not directly involved in operations. These members, in most circumstances, are volunteers; however, they have significant fiduciary responsibility, including oversight and monitoring….
I Am Ready to Sell My Business – Now What Should I Do? Quote: from High Anxiety by Mel Brooks (my favorite) Brophy: I got it, I got it, I got it [thump] Brophy: I ain’t got it. Sometimes, when Italk to entrepreneurs about their “plan” to sell their business, I begin to think of…
Cuba – You CAN Get There from Here In a quest to visit Cuba, my colleagues and I found that just getting approval to travel there is a battle. While the U.S. is expected to lift restrictions which will enable U.S. citizens to travel to Cuba for tourism purposes, right now travel is only allowed…
Accurate Fair Value measurements are required under Accounting Standards Codification (ASC) 805, Business Combinations. Meeting the necessary valuation and accounting requirements can add costly transactional and reporting expenses to an already complicated situation for management. From the effort and energy spent hiring valuation specialists, to pushing to meet auditor and regulator expectations, there are ways…
New York City has passed a new rule regarding real estate purchases by shell companies. A shell company is an inactive company that is used as a vehicle for various financial maneuvers or kept dormant for future use. Shell Companies In this case, the shell companies are mainly Limited Liability Companies (LLCs) that have been…
To Uber, or not to Uber – That’s not the only question! As we continue to rocket into the futuristic technology of the 21st century, one can only guess as to what will be next. If you told me 15 years ago that I could use a phone (without a cord) to get a ride…