Learn how Withum worked with a well known practice to establish a higher fair market value, leading to a successful renegotiation of purchase price. Download a PDF of this case study Executive Summary Withum was engaged by the physician owner of an orthopedic practice and its related real estate to determine whether the value placed…
Learn how Withum helped a group of physician claimants in a contentious dispute leading to a favorable ruling based on Withum’s conclusions. Download a PDF of this case study Executive Summary Counsel engaged Withum on behalf of five physician claimants to determine certain economic damages to which the claimants were entitled from their prior practice,…
Taxpayers in certain parts of the country have recently received IRS Notice CP59, stating, “We haven’t received your 2024 Form 1040 Federal Income Tax Return.” If you’ve received this notice and believe you have already filed your 2024 tax return, you are not alone. The IRS has acknowledged receiving numerous inquiries from taxpayers who were…
BIG Crypto Update If you spend, save, or invest in crypto, then you should know that the landscape is changing. There are laws being voted on and passed, the first of which is The GENIUS Act. What is The GENIUS Act? On July 18, 2025, the U.S. government passed the GENIUS Act, or the “Guaranteeing…
Withum is proud to share that Colleen Fay, Partner and Financial Services Practice Leader, has been named on NJBIZ’s 2025 Leading Women in Business List. Colleen has been recognized by NJBIZ for her significant contributions to the business community in New Jersey. Formerly known as the Best 50 Women in Business, this honor highlights women…
Update: On August 7, 2025, President Donald Trump signed an executive order to expand access for 401(k) plans to alternative investments such as private equity and cryptocurrency. The order directs the Department of Labor (DOL), Department of the Treasury and Securities and Exchange Commission (SEC) to revise regulations and guidance to encourage broader adoption of…
Microsoft issued an urgent alert following reports of “active attacks” exploiting a critical vulnerability in SharePoint Server, specifically, SharePoint on-prem (on-premises) versions used by government agencies and private organizations for internal file sharing and collaboration. The zero-day attack targeted a previously unknown flaw in SharePoint Server 2016 and 2019. According to Microsoft and federal cybersecurity…
In a recent court filing, the IRS stated its position that certain “church” organizations’ endorsement of political candidates is an allowable activity, contrary to the long-standing ban on political endorsements by nonprofits. In National Religious Broadcasters v. Billy Long (as acting IRS Commissioner), a coalition of religious “church” organizations sued the IRS to challenge the…
Following COVID-19, HR strategies remain a key discussion point, particularly flexible work arrangements. Research and debate on the topic continue to intensify, highlighted by the largest 4-day workweek trial in the UK, which starkly contrasts the ongoing announcements of 5-day Return to Office (RTO) mandates making headlines. At the 2024 AICPA Dealership Conference, I was…
You may be hearing that an honest day’s work for an honest day’s pay just got sweeter for those who go above and beyond and put in overtime. This headline has been getting a lot of buzz lately, but as is the case with tax law, the devil is in the details, and you will…