Withum hosted an exclusive Open House at its Boca Raton, FL, office for an evening of connection and celebration. Withum partners and team members, business leaders, community partners, clients, and friends gathered to celebrate the Firm’s first year in the Boca office and toast to the City of Boca Raton’s 100th anniversary milestone. The theme…
As the year winds down, it’s essential for businesses to take a proactive approach to their year-end accounting and financial reporting processes. A well-executed year-end close process ensures that accounting records present the most accurate picture for the end user, whether it be internal management, investors or your accounting firm. Closing the books in a…
As e-commerce businesses scale, financial transparency becomes essential. Whether you’re preparing for an external audit, a strategic acquisition, or an IPO, having the right financial infrastructure in place is critical. That’s why we have developed a comprehensive Audit Readiness Checklist for E-Commerce Finance Teams, designed to guide you through every stage of growth. Audit Readiness…
When a loss corporation with tax attributes such as NOLs, tax credits or other tax attributes experiences a change of control from an acquisition or through a significant capital raise from new investors, calculating the corporation’s Section 382 limitation must be given careful consideration. The rules are complex and nuanced, and the correct application of…
Life sciences companies operate in one of the most dynamic and high-stakes environments in business. Tracking milestone-based revenue, managing grants and preparing for audits often stretches internal resources thin. These demands require specialized accounting expertise that many teams don’t have in-house. Let’s explore the unique accounting challenges faced by life sciences organizations and the benefits…
Every year, as finance, operations and IT leaders finalize their budgets, the same question surfaces: Where can we reduce spending without slowing innovation or adding risk? The first step is often to look at headcount, hardware or major projects, but one of the most overlooked opportunities for savings lies right in front of us: software…
California’s manufacturing sector is under increasing pressure to strengthen financial governance. Rising costs, tighter margins and evolving regulations are reshaping the business landscape statewide. For middle-market manufacturers, typically those with revenues between $10 million and $1 billion, strong financial governance is no longer optional. It is a critical foundation for maintaining competitiveness, building resilience and…
As healthcare organizations prepare for the new budget year, it is essential to evaluate their financial performance in 2025 and develop a budget that reflects both the evolving healthcare landscape and current operational realities, as well as strategic priorities. Unlike traditional corporate budgets, budgeting in healthcare requires balancing reimbursement constraints, patient demand fluctuations and regulatory…
Withum is proud to announce that its partner, Jim Hannan, CPA, has been awarded membership in the “MADE in NJ Honor Roll” by the New Jersey Manufacturing Extension Program (NJMEP) at its 2025 Manufacturing Day event in October 2025. Based in our Whippany, NJ office, Jim is a long-time Partner and served as our inaugural…
As year-end approaches, ensuring accurate financial reporting is critical. Even small oversights can create significant ripple effects, impacting cash flow, financial performance and stakeholder confidence. Below we share some of the most common red flags and overlooked items that can slow or complicate the year-end close process, along with tips to address them before they…