Cloud Computing and New Jersey Sales Tax Kyle Braun 732.842.3113 [email protected] In a recently released New Jersey Technical Bulletin TB-72, the Division addresses the various cloud computing products that a software service provider offers to its customers and states its position that these sales are not subject to New Jersey sales tax. The bulletin walks…
The 411 on Securities Litigation Investing in hedge funds and private equity funds can provide exposure to unique investment opportunities and are well suited to investors with the sophistication and financial well-being to understand and accept both the risks and rewards of these investments. What these investors cannot anticipate is the possibility of something really…
Keeping Up with the Rules of Play in Healthcare Reform October 1, 2014 Co-presentation between WithumSmith+Brown and Wells Fargo The professionals from Wells Fargo Insurance and WithumSmith+Brown are teaming again for their fifth annual Healthcare Reform presentation, providing a much-needed update covering recently revised rules and regulations related to PPACA. Topics to be covered include:…
What Do I Look at to Manage My Company in its Early Stages? “Though it’s cold and lonely in the deep dark night I can see paradise by the dashboard light” Lyrics from “Paradise by the Dashboard Light”– Meat Loaf A standard tool we develop for companies at all stages is a “dashboard.” The concept…
Employers may be subject to penalties under the Affordable Care Act for Reimbursing Employees for Health Insurance An applicable large employer that, for a calendar month, fails to offer to at least 95% of its full-time employees health coverage that is both affordable and provides minimum value may be subject to a penalty. The Internal…
We have all heard the term milestone payment in the life science field. Generally, milestone payments are made under a collaboration agreement upon the completion of a successful stage of research. These payments are generally deductible for financial accounting purposes. However, these payments are generally capitalized and amortized in the eyes of the Internal Revenue…
Department of Health Recommendations on Hospital Financial Transparency August 13, 2014 Commissioner O’Dowd recommends that New Jersey require all hospitals, both for-profit and not-for-profit, be required to disclose additional financial information at certain intervals during the year. The New Jersey Health Care Facilities Financing Authority (“Authority”) acted as a moderator at a May 29, 2014…
In late July, Treasury Secretary Jacob Lew sent a letter to key members of Congress calling for the nation to embrace a “new sense of economic patriotism” and stop supporting corporations that are moving their tax home out of the U.S. to reduce their corporate income tax burdens by taking advantage of an existing loophole…
Succession Planning Pitfalls “That’s not how it works. That’s not how any of this works” – from the “Beatrice” Esurance commercial So, I was having a conversation with a good friend of mine who (like most people I know) is much smarter than I am. He said he read my blog and actually found some…
IRS Scrutiny Captive Insurance Agreements August 6, 2014 In the past year there has been a noticeable increase in the number of captive insurance arrangements that the Internal Revenue Service (“IRS”) is auditing. While many large organizations have used the captive insurance vehicle as a way to aid in mitigating risk, the IRS has been…