For the last few years, the conversation around AI has been buzzing with what it can create. We’ve seen it write poetry, design stunning images and help us draft emails in seconds. We’ve become comfortable with AI as a creative co-pilot. But if you’re paying attention to the landscape of 2025, you’ll notice the conversation…
On June 30, 2025, Governor Phil Murphy signed legislation to expand and strengthen the New Jersey Film and Digital Media Tax Credit Program, including an extension of the program for an additional 10 years through July 1, 2049. The newly enacted legislation introduces several enhancements to New Jersey’s film and television tax credit program. Notably,…
President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law on Friday, July 4, 2025. The international tax provisions in the final legislation passed by Congress largely follow those found in the Senate’s version of the bill. The OBBBA includes a provision to reinstate Section 958(b)(4) to prevent “downward attribution” of stock…
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…