A mega backdoor Roth is a special strategy for saving additional tax-free retirement dollars every year. It allows individuals to contribute funds towards a Roth individual retirement account (IRA) and/or Roth 401(k) even when they are ineligible to contribute due to their income. Although this strategy can be complex, it could allow the individual to…
When I last wrote about the topic of choosing the right AI for processing forms (Microsoft Forms Processing – Is AI Builder Enough or Do I Need SharePoint Syntex?) the AI landscape for forms processing was much simpler, and the choice between what was then called SharePoint Syntex and AI Builder for Forms Processing was…
The Form LM-30, also known as the Labor Organization Officer and Employee Report, was established as part of the Labor-Management Reporting and Disclosure Act (LMRDA) of 1959 and revised in 2007. History The Form LM-30, aims to disclose “any possible conflicts between their personal financial interests and their duty to the labor union and its…
As NetSuite users continue to explore and integrate artificial intelligence (AI) into their enterprise resource planning (ERP) systems, understanding how to effectively communicate with AI becomes crucial. One key skill in this evolving space is prompt engineering. With more AI application updates being introduced, it’s a good time for users to explore prompt engineering in…
Withum breaks into Texas and adds energy and oilfield service expertise. Withum is excited to announce that on June 1, 2025, Pannell Kerr Forster of Texas, P.C. (PKF Texas), a public accounting, tax and business advisory firm headquartered in Houston, TX, joined its practice with Withum. PKF Texas’ 20 partners and approximately 160 team members…
On May 22, 2025, the House of Representatives adopted The One Big Beautiful Bill by a vote of 215-214. While the bill could face additional adjustments in the Senate before heading to the president’s desk, it provides the framework for 2025 tax reform.The significant business income tax provisions are highlighted below. Section 199A, Pass Through…
Withum is proud to secure the #16 Position on Vault’s Annual Ranking of the Top 25 Accounting Firms for 2026. Known for its meticulous research and influential rankings, Vault highlighted Withum for its exceptional expansion, educational initiatives, team member perks and dedication to community service. Withum targets ambitious and talented individuals who excel in communication….
As artificial intelligence (AI) becomes deeply embedded in Microsoft Power Platform—through tools like AI Builder, Copilot and Power Automate—organizations face a new imperative: to ensure that these powerful technologies are used ethically, transparently and responsibly. This practical guide on ethical technology outlines frameworks and best practices for implementing responsible AI and automation, mitigating bias and…
Maintaining fair market value (“FMV”) of physician compensation is a crucial aspect of healthcare compliance, and call compensation is a key component with unique complexities. Both the Physician Self-Referral Law (“PSL”)—commonly referred to as “Stark Law” and the Anti-Kickback Statute (“AKS”) are typically relevant for call coverage arrangements. Over the last two decades, call compensation…
In the complex world of government contracting, the submission of an incurred cost proposal (ICP) is not merely a bureaucratic requirement; it is a fundamental aspect of maintaining compliance, ensuring financial integrity, and fostering trust with government agencies. This requirement extends to both prime contractors and subcontractors working on federally funded projects, in particular, flexibly…