Holidays Around the World in January
Holidays Around the World in January Check out the below table to learn what holidays people are celebrating around the world in January! Previous Post Next Post
Insights
Risk Management: Operational Controls for Your Business
There are various definitions for what constitutes operational controls, but it really comes down to one common theme: the power of management over daily activities. In your business, operational controls regulate the day-to-day activities via the formulation of policies and execution of procedures. To put it in plain English, it is what you do and…
5 Fun New Year’s Facts
5 Fun New Year’s Facts Happy 2014 Where in the World readers! Below are five fun New Year’s facts. New Year’s Day is the oldest of all holidays, as it was first observed in ancient Babylon as many as 4,000 years ago Eating for good luck is a popular tradition. The…
Accelerators – A Valuable Spoke in the Wheel of the StartUp Ecosystem
Accelerators – A Valuable Spoke in the Wheel of the StartUp Ecosystem Vinny Gambini: “And why not? What is positraction?” Mona Lisa Vito: “It’s a limited slip differential which distributes power equally to both the right and left tires. The ’64 Skylark had a regular differential, which, anyone who’s been stuck in the mud in…
Preparing for a Compliance Audit: A Guide for Labor Unions and Employee Benefit Plans
In addition to your financial statement audit, your union and/or benefit plan may be selected for an audit by the Department of Labor (DOL), the Internal Revenue Service (IRS), or the Employee Benefit Security Administration (EBSA). While these audits originate from different governmental departments, they often review and scrutinize many of the same areas. Different…
U.S. Dividend Equivalent Withholding Regulations
U.S. Dividend Equivalent Withholding Regulations Regardless of whether you know them as the Section 871(m) regulations, HIRE Act, swap regs or just plain dividend withholding tax regulations – the wait is over. At long last the government has reworked the regulations. On December 4, 2013, the IRS and Treasury Department released final and proposed regulations…
Private Company GAAP Simplification: Here It Comes
Private Company GAAP Simplification: Here It Comes The first two accounting standards designed to provide relief specifically for private companies have arrived. Here is what you need to know to take timely advantage of the new GAAP exceptions concerning subsequent accounting for goodwill and simplified hedge accounting for a common interest rate swap. These new…
Family Business Values: The Key To Your Success
Research has shown that family businesses are more resilient than non-family firms and often weather economic turmoil better than their counterparts. An oft-cited reason for this phenomenon is that family businesses are better able to take a long-term perspective, focusing on the benefits and the legacy for the next generation. There is another important factor…
New York Nonprofit Revitalization Act Signed Into Law
New York Nonprofit Revitalization Act Signed Into Law The New YorkNonprofit Revitalization Act of 2013 (the “Act”) was signed into law on December 18, 2013 by Governor Andrew M. Cuomo. The law is intended to reduce red tape while improving governance and accountability of not-for-profits and is generally effective July 1, 2014. The Act is…
Giving Back: Out of Africa, Part 2
Giving Back: Out of Africa, Part 2 Kathy Sikora Accountant WithumSmith+Brown Princeton, NJ After just participating in my very first Withum Week of Caring, I am reminded of the wonderful experience that I had in Africa this past July. Some of you might remember reading a previous post by Doris Martinez that shared her…