Withum is proud to share that NJBIZ has recognized Pat Walsh, Managing Partner and CEO, and Jim Bourke, Partner and Managing Director of Advisory Services, as honorees in its inaugural 2025 Finance Power List. Their inclusion on this prestigious list highlights their significant contributions and commitment to the accounting and finance industries. Pat Walsh Pat…
Update: As of September 3, 2025, the Treasury Department released its preliminary listing of jobs that qualify under the “No Tax On Tips” Provision of the One Big Beautiful Bill Act. Click here to learn more. President Donald Trump signed the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3, into…
Withum is proud to announce that Nadia-Maria Matthie has been awarded the Ronald Benjamin National Achievement in Public Accounting Award at the 2025 National Association of Black Accountants (NABA) Awards Gala. Nadia, an audit partner in Withum’s New York office, specializes in servicing single-employee benefit plans, multiemployer benefit plans and labor unions. This Award recognizes…
The recent enactment of the One Big Beautiful Bill Act (OBBB) has introduced significant changes to the tax treatment of gambling losses, which are poised to profoundly impact the sports betting industry. Signed into law by President Donald Trump on July 4, 2025, the bill includes a provision that limits the deductibility of gambling-related losses…
Learn how Withum worked with a large community hospital to implement a comprehensive tool to ensure an appropriate provider compensation structure. Download a PDF of this case study. Executive Summary Withum was engaged by the CFO of a regional not-for-profit community hospital (the “System”) to provide insight into the compensation and performance of all physicians…
On July 4, 2025, President Donald Trump signed into law the bill known as the One Big Beautiful Bill Act (OBBBA). The provisions of the new law addressing qualified small business stock (QSBS) mirror those that were included in the Senate Finance Committee proposal that was released a few weeks earlier on June 16, 2025….
President Trump has now signed The Big Beautiful Bill into law. The House passed the Senate’s version of the bill just shy of the president’s July 4 deadline. The broad provisions in the bill impact many areas of taxation, including tax-exempt organizations. The final version abandons many earlier proposals that alarmed nonprofits, while several key…
President Donald Trump signed the Big Beautiful Bill into law on Friday, July 4, 2025. Congress passed the bill just ahead of the president’s Fourth of July deadline. The House passed the bill with a party-line vote of 219 to 213, with only two Republican representatives, Reps. Thomas Massie of Kentucky and Brian Fitzpatrick of…
As a law firm partner, effective tax planning is crucial to maximizing your financial efficiency and ensuring compliance with ever-evolving tax laws. Here are some key strategies, common pitfalls, and tips for optimizing income timing to help you navigate your tax obligations successfully. Tax Strategies for Law Firm Partners Common Tax Pitfalls for Law Firm…
Employee benefit plans are a growing target for cyber threats due to the volume and sensitivity of the data they hold. From participant Social Security numbers and medical histories to financial and payroll information, this data is highly valuable to bad actors and often dispersed across multiple third-party vendors. In response, the Department of Labor…