Withum Collects 2,500 Cans of Food for Charity; Conducts Sculpture Contest With recent news circulating that many food banks are currently facing a critical shortage of supplies, WithumSmith+Brown coordinated two “jeans day” food drives, when staff members throughout the firm were permitted to wear jeans on two Fridays, November 1 and 15, as long as they…
Succession Plan (Chicken) or Estate Plan (Egg) – Which Comes First? Dark Helmet: Ah, planet Druidia. And under that air shield, ten thousand years of fresh air. We must get through that air shield! Colonel Sandurz: We will, sir. Once we kidnap the princess, we can force her father, King Roland, to give us the…
EIN Holders Required to Provide Updated Information to IRS Internal Revenue Service (“IRS”) final regulations, published in the March 14, 2013 Federal Register, require taxpayers possessing an employer identification number (“EIN”), also known as Federal Employer Identification Numbers or FEIN, beginning January 1, 2014, to provide updated information to the IRS with respect to their…
Loss Harvesting – Beginner to Expert Every year about this time money managers and tax professionals start to hear from investors about impending capital gains and the need for offsetting capital losses. Below is a list of transactions ranging from simple to highly complex for use in recognizing the sought after losses. But before we…
New Disclosure Requirements Cause a Spike in Americans Giving Up Citizenship As the U.S. prepares to implement the Foreign Account Tax Compliance Act (FATCA) aimed at stamping out tax evasion, more and more Americans are choosing to give up their citizenship. According to government data, in the first half of 2013 at least 1,800 people…
The Next Great Frontier For Asset Gathers If you’ve ever investigated variable annuities or variable life insurance you know that the investment options consist largely of “mutual funds.” For some years now the large U.S. mutual fund companies have offered both retail funds and funds offered solely to insurance company separate accounts (i.e., “insurance dedicated…
How Can I Get a Loan? Quote- Show me the money! – Jerry Maguire For years, entrepreneurs have known that you need time, people and money to make a business successful… and getting enough of each is always a challenge. It is impossible to control time and the right person may be difficult to find,…
How Do I Prepare My Business for Sale? Quote – “Nobody expects The Spanish Inquisition!” – Cardinal Ximenez, Monty Python Series 2, Episode 2 For those who have heard from a friend or colleague who successfully sold their business, certain details surrounding the process itself sometimes get omitted. The endless series of questions, the mountains…
Holidays Around the World In November Check out the below table to learn what holidays people are celebrating around the world in November! Previous Post Next Post
New trustees for multiemployer benefit plans can be overwhelmed by the investment knowledge that must be quickly acquired to function effectively in their new roles. This series provides in-depth information about plan investments to assist new trustees in their fiduciary duty of managing plan assets. Understanding market indices is essential for properly evaluating your plan’s…