As a plan sponsor, you are responsible for ensuring that your plan’s Form 5500’s annual filing is on time. Even if your third-party administrator or someone else files the Form 5500 on your behalf, you are ultimately responsible for ensuring that your Form 5500 is filed timely. If your plan requires an audit, make sure…
As healthcare industry innovators work to broaden care access, more stakeholders have entered the arena to contribute capital and expertise to medical business ventures. These efforts have frequently resulted in a type of joint venture—commonly referred to as the “MSO-PC model”— between physician practices and outside business entities not licensed to practice medicine. Through this…
If the development of a real estate property is executed without any complications, the project will begin operations and be placed in service post-production. However, what if unexpected situations delay construction? There may not be material costs, but if a project is funded with loans, interest will continue to accrue. This article takes a closer…
Hospitality businesses are complex. They often operate in moving parts with large staffs and multiple integrated technologies and systems. AI in the hospitality industry is expected by many to incite a revolution that forces traditional, inefficient practices to be replaced by newer, more efficient ways of doing things. This could be as simple as chatbots…
Whether you manufacture smartphone cameras or machine parts, all products follow a similar lifecycle. Understanding and managing the product lifecycle effectively is crucial for optimizing efficiency, reducing costs and staying competitive. Product Lifecycle Management (PLM) is a structured approach that guides a product from conception to end-of-life, influencing business processes, market strategy and long-term success….
DIY, Do-It-Yourself. Staples® has the “Easy” button. Home Depot® advertises everything you need for do-it-yourself home improvement projects. The HGTV® and DIY® networks have several shows dedicated to doing things yourself. Just a Google search on DIY returns links to people showing you how to make crafts, build your own computer, etc. However, when it…
The pursuit of wealth can be incredibly tempting. It is a force so powerful that it sometimes pushes people to cross boundaries they ordinarily wouldn’t. While judgment is not being passed, the goal is simple: to protect entertainers, athletes and high net worth individuals from falling victim to breaches of trust that could jeopardize their…
Withum is proud to announce that Nicole Liebman, Partner and General Counsel, has been recognized by NJBIZ as a 2025 Leader in Law. As the Firm’s General Counsel, Nicole is integral to Withum’s success by providing legal guidance that aligns with business goals, managing risks and ensuring compliance. General Counsel is very rewarding to Nicole….
Withum is proud to share that Lilit Nersisyan, CPA, has been recognized by LA Times B2B Publishing as a Banking & Finance Industry 2025 Visionary. The list includes the top trusted advisors in the Los Angeles area who routinely rise to meet ongoing challenges and help create financial security. Lilit Nersisyan is an audit Principal…
The Governmental Accounting Standards Board (GASB) recently issued Statement No. 104, titled “Disclosure of Certain Capital Assets,” which introduces significant changes to how governmental entities report and disclose capital assets. This article explores the impacts of GASB 104 and outlines the steps for its implementation. Purpose GASB believes that the breakout of intangible capital assets…