Share Did you know that nearly half of all full-time employees in the US are considered overweight or obese? Numerous studies have shown that living a healthier lifestyle helps decrease the risk of developing chronic diseases, and allows those already living with chronic diseases to manage them better. The Commonwealth of Massachusetts recently passed legislation…
Who Do I Leave My Business To? Quote: Don Corleone: Well, Michael is now head of the family and if he gives his permission then you have my blessing. Mario Puzo – The Godfather This question is perhaps the most important decision for any parent who has owned a business. Though ownership and leadership are…
Making Connections in Europe GUEST BLOGGER Corney Versteden, LLM Senior Tax Partner HLB Van Daal & Partners NV in Waalwijk, The Netherlands One thing I learned over the years from being an international tax advisor is that the profession it is not just built on technical knowledge. Practical experience and knowing who to contact…
Announcing “Withum on Wall Street” As the breadth and scope of the financial services group at WithumSmith+Brown has experienced explosive growth over the recent past to match the interests and concerns of our growing client base we are making some changes. We are adding new people, new expertise and … a new blog name. The…
Beanie Babies Creator Gets Two Years Probation for Tax Evasion If you were paying any attention in the 90’s – you are familiar with Beanie Babies. The Ty Warner Company (later Ty Inc.) launched the toy phenomenon in 1993, and by 1995 they became not only an in-demand toy, but also a collector’s item. The…
Sometimes in life, when faced with a given situation, we say things simply as a matter of reflex. For example: “What an adorable baby!”“You have a lovely home here.”“You’re a great gal, I’ll call you sometime. Now can you help me find my pants?” Things are no different in the tax world. As advisors, we…
Draft Instructions for Form 1042-S Released by IRS (Updated for FATCA) On November 4, 2013, the IRS released draft instructions for Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding). The main change to Form 1042-S is to modify the form for the reporting of payments and amounts withheld under the Foreign Account Tax…
Startup Entrepreneurs – 10 Thinking Points “The answer is 10.” Ted Sable, Ernst & Young Growing up in Ernst and Young, we were afforded some of the most unique training resources in the world. One such resource was Ted Sable; an EY instructor who taught us soft skills around a subject called management development. Now,…
Vision vs. Passion – Never Lose Sight of the “Why” Colonel Sandurz: “Sir? Are we being too literal?” Dark Helmut: “No you fool, we’re following orders. We were told to comb the desert so we’re combing it.” Dialogue from Spaceballs, the movie. When I hear aspiring entrepreneurs discuss what, at times, seems to be their…
Premium Only Plans – What You Need to Know Premium Only Plans are governed by Section 125 of the Internal Revenue code, which allows payments made by an employee into a cafeteria plan to be excluded from their taxable income. Not only do these plans provide a benefit to employees in the form of a…