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…
Receiving notice that you are being audited by the IRS is stressful, but losing an IRS audit that you should have won is far worse. That’s what happened to the Shleifers. They made procedural errors in their refund claim and subsequent audit that later prevented them from asserting a valid argument in court. The mistake…
Are Disconnected Systems Hurting Productivity? Boost Growth with Integrated Marketing Systems by Optimizing Your HubSpot CRM. Fragmented and disconnected tech stacks don’t just hurt marketing – they can hinder your entire revenue team. If your business already uses HubSpot but isn’t leveraging its full potential, you’re likely leaving value on the table. Optimizing your existing…
The Senate passed its amended version of the One Big Beautiful Bill today, more than a month after the House passed its version of the bill. Vice President Vance cast the tie-breaking vote to push the Senate’s amended bill through. Republican Senators Rand Paul, Susan Collins and Thom Tillis voted against the bill’s passage. The…
Withum is proud to announce its 2025 New Partner Class I’m honored to introduce Withum’s new class of partners. This group exemplifies a commitment to excellence and innovation and has demonstrated a dedication to our core values. Their diverse backgrounds and expertise will further enhance the Firm’s capabilities and help us build an even brighter…
Exciting things are happening at Withum! The Firm is thrilled to announce exciting leadership changes beginning on July 1, 2025. A fresh class of leaders will take the helm across industry and service teams, regional divisions and internal departments. These talented professionals were selected based on their technical expertise, strong leadership capabilities and unwavering commitment…
Governor DeSantis aimed to relieve the tax burden on businesses by signing legislation to eliminate Florida’s business rent tax. The measure, enacted through House Bill 7031, phases out the tax on commercial leases by October 1, 2025, marking a big win for Florida’s business community. Florida has long been the only state in the U.S….
For business owners, selling a company is more than a transaction – it’s often the culmination of years, if not decades, of dedication and hard work. Yet, many sellers enter the market unprepared for the level of financial scrutiny demanded by today’s sophisticated buyers. In the current M&A environment, especially among private equity and institutional…