Microsoft Copilot is designed to enhance user productivity across the entire Microsoft 365 suite, including SharePoint, Teams, Outlook, and more. By leveraging AI, Copilot assists with various tasks such as document management, communication and data analysis. Its ability to understand natural language queries makes interacting with Microsoft 365 applications more intuitive and efficient. To fully…
As the nation observes Military Appreciation Month throughout May, Withum proudly reaffirms its strong and unwavering commitment to supporting military veterans, active-duty service members and their families through a variety of impactful initiatives. The Firm demonstrates profound respect and gratitude for those who have served our nation by engaging in veteran-focused community impact efforts. These…
The incredible evolution of Artificial Intelligence (AI) has impacted countless industries with its integration, providing an increased level of efficiency and streamlining many processes. Forensic accounting and related investigations have also begun to incorporate AI and Machine Learning (ML) techniques. While there have been remarkable benefits to utilizing AI and ML methods, there inevitably are…
Update: The Senate has since released its proposal, with several changes that impact nonprofits and tax-exempt organizations. You can see the key differences and similarities in the House and Senate bills here. Recently, the House Ways and Means Committee released a sweeping budget reconciliation package, “The One, Big, Beautiful Bill,” which contains broad provisions impacting…
There are many examples of cybercrime impacting the hotel and lodging industry. A particularly notable incident occurred in September 2022, when a prominent UK-based multinational hospitality company experienced a significant cyber-attack that led to a two-day outage of their online booking system. The financial impact of this attack was substantial, with the company facing immediate…
A big change is coming to Microsoft nonprofit pricing: The company announced that, starting July 1, 2025, it will no longer offer full grants to two of its broadest and most popular license suites: Office 365 E1 and Microsoft 365 Business Premium. While changes like these are difficult to manage, especially for nonprofits juggling limited…
Even if your Union has consistently submitted accurate and timely annual financial reports (LM forms) to the Department of Labor (“DOL”), received no complaints from members or external parties and maintained full compliance with the Labor-Management Reporting and Disclosure Act (“LMRDA”), your organization may still be selected—at random—for a Compliance Audit Program (“CAP”) review. There…
On May 7, 2025, Senator Thom Tillis (R-N.C.) introduced the “International Competition for American Jobs Act,” aimed at extending key provisions of the 2017 Tax Cuts and Jobs Act (TCJA), which will otherwise expire at the end of 2025. This bill focuses on three significant components: Global Intangible Low-Taxed Income (GILTI), Foreign-Derived Intangible Income (FDII),…
Ensuring fair market value (“FMV”) in physician compensation is vital to healthcare compliance, especially physician administrative compensation, which is replete with complexities. Administrative services arrangements, most frequently used for medical directorship services, often intersect with the Physician Self-Referral Law (“PSL”), commonly known as Stark Law, and the Anti-Kickback Statute (“AKS”). Separate medical director compensation, as…
When tariffs disrupt supply chains, companies face an important decision of how best to weather the storm. Tariffs can be majorly disruptive and increase complexity, including rising costs, sourcing and supplier challenges and increased compliance hurdles. For many businesses, tariffs will strain working capital and may even cause undesired customer or supplier turnover. These disruptions…