Most teams overcomplicate the first move. They ask, “Which AI should we use?” when the better starting question is, “Is this a workflow problem first?” In our recent client work, the fastest and safest wins came from traditional automation: clearly defined stages, named owners and simple guardrails that turn messy handoffs into predictable flow. That…
Financial distress can pose significant challenges for property owners in the hospitality and lodging industry. Understanding the intricacies of these challenges and exploring strategic options is crucial for navigating through turbulent times. Understanding Financial Distress The journey to addressing financial distress begins with a thorough self-assessment by the ownership group. This involves critically evaluating the…
We’re heading to Las Vegas for SuiteWorld 2025 and looking forward to connecting with the NetSuite community. With thousands of users, partners, and developers gathering October 6–9 at Caesars Forum, the event remains one of the best ways to see what’s next for ERP. This year, NetSuite is doubling down on artificial intelligence (AI), automation…
Withum is proud to announce that Forbes has recognized Anthony Venette, CPA/ABV, Corporate Value Consulting Manager, on its inaugural 2025 America’s Top CPAs for Valuations list. Anthony’s inclusion on this prestigious list is a testament to his excellence in valuation services. Forbes honored Anthony for his expertise and role as a trusted advisor, helping clients…
In December 2023, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2023-08, which significantly changes how companies account for certain crypto assets. For the first time, qualifying digital assets must be measured at fair value with changes recognized in net income. This is a major shift from the historical cost model previously…
In an era where data privacy and cybersecurity are paramount, professional service firms, such as accounting, legal, consulting, engineering, business advisory, and technology providers, are under increasing pressure to demonstrate their commitment to protecting client data and information. This is where a SOC 2 (System and Organization Controls 2) review becomes invaluable. A SOC 2…
Join Withum’s Multiemployer Benefits team as they take a deep dive into cyber and fraud issues surrounding benefit plans. Each episode will touch on best practices, stories, and guidance to help you remain compliant. Tune in monthly to hear the latest updates.
Learn best practices for integrating NetSuite with existing software to streamline workflows, ensure data accuracy and strengthen system security. Why NetSuite Integration Matters Modern businesses rely on multiple software systems for accounting, supply chain, e-commerce, CRM, and more. If these systems aren’t integrated, data becomes siloed and reporting becomes inefficient. Integrating these platforms with an…
For e-commerce businesses operating internationally, fluctuating exchange rates can complicate financial reporting and impact profitability. These challenges arise from the need to convert foreign revenues and expenses into the home currency, which can lead to inaccuracies and financial instability. However, multi-currency accounting software solutions like Tipalti and Bill.com help streamline and automate global currency management….
The tax landscape has undergone significant changes in recent months. From the enactment of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3, to revisions in the treatment of research and experimentation expenses and evolving interpretations of controversial tax provisions, many taxpayers are now reassessing the potential benefits of filing…