In a bold move to address New Jersey’s growing housing affordability crisis, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) has launched the State Tax Credit Subsidy (STCS) Program, a groundbreaking initiative designed to stimulate investment in affordable and workforce housing across the state. A Market-Driven Solution to Housing Challenges Approved on October 2,…
High-net-worth individuals often hesitate to implement estate planning strategies due to concerns about relinquishing control over significant assets. One effective strategy that helps ease these concerns is the Spousal Lifetime Access Trust (SLAT). A SLAT is an estate planning tool that allows the donor spouse to remove assets from their taxable estate while maintaining a…
Withum’s former Baltimore office calls the Merriweather District in Columbia, MD, its new home. Withum is excited to announce that its Baltimore, MD, office has relocated to Columbia. Effective October 13, 2025, the new office is located at 10480 Little Patuxent Parkway, Suite 1100. The new office is conveniently located in the Merriweather District, a…
U.S. healthcare professionals and providers may be concerned about how the current government shutdown will disrupt healthcare operations. While Medicare and Medicaid will continue, essential functions like claims processing, provider oversight, and grant distribution could be delayed or suspended. Agencies like the Department of Health and Human Services (HHS), the Centers for Medicare & Medicaid…
Selecting an enterprise resource planning (ERP) system is a significant business decision that affects finance, operations, reporting and internal controls. Once implemented, an ERP platform shapes how information moves through the organization and how leadership gains visibility into performance. The challenge is not a lack of options, but determining which solution truly aligns with your…
Download a PDF of this case study Executive Summary Withum’s Transaction Advisory team assisted a private equity firm in acquiring a landscape construction company and evaluating the target’s financial reporting processes. The team identified deficiencies in their financial reporting function, provided recommendations for improvement, evaluated the seller’s EBITDA, and identified adjustments that resulted in a…
Most organizations already rely on Microsoft 365 for daily operations, but many don’t realize that the same tools can play a critical role in business continuity. The challenge isn’t whether you have Microsoft 365, but whether your environment is configured and used in a way that truly supports resiliency during disruption. From natural disasters and…
The federal government shutdown began on October 1, 2025, after lawmakers failed to reach an agreement to extend government funding. Because of this, the Internal Revenue Service has furloughed approximately 35,000 employees – nearly half of its workforce. The furloughs primarily affect enforcement personnel, including Revenue Officers and examiners, while customer service and return processing…
Learn how to prevent identity theft, fraud and extortion with tailored strategies and cyber insurance. Today, cyber criminals are becoming increasingly sophisticated, targeting individuals with advanced technology. High-net-worth individuals and their families are particularly vulnerable to these threats, which can result in identity theft, financial loss and emotional distress. Personal cybersecurity measures are critical to…
When it comes to selecting the right financial management platform, QuickBooks vs. NetSuite is one of the most common comparisons businesses make. Both cater to different needs, offering distinct capabilities tailored to specific types of businesses. QuickBooks focuses on accounting needs for small businesses and individuals, while NetSuite is a robust enterprise resource planning (ERP)…