With New York State progressing towards extending and amending the Film Tax Credit Program, now is the time to make sure you have a trusted advisor who can help you navigate this tremendously beneficial tax credit. How Does the New York State Film Tax Credit Program Work, and Who Is Eligible To Claim the Credit?…
Withum is proud to share that Ryan Kelly, CPA has been recognized by the Florida Institute of CPAs with a prestigious Horizon Award. Ryan, an audit manager in our Orlando office, serves privately owned and publicly traded clients in the Professional Services, Manufacturing, Distribution and Logistics industries. A University of Scranton graduate, Ryan is an…
Withum is excited to share that the Firm has made USA TODAY and Statista’s list of America’s Most Recommended Tax and Accounting Firms for 2025. For the second year in a row, USA TODAY and Statista awarded the titles of “America’s Most Recommended Tax Firms” and “America’s Most Recommended Accounting Firms” through an independent survey…
The history of cybercrime provides a stark reminder of how rapidly technology evolves and how vulnerabilities can be exploited by bad actors. Over the decades, cyberattacks have grown in scale and sophistication mirroring the evolution of technology. From Early Cybercrime to Modern Cybersecurity Obligations While technology allows users to perform many tasks more efficiently, it…
Ever since Meta, formerly known as Facebook, announced it would be discontinuing its enterprise communication platform, Workplace, organizations have been searching for ways to fill the gap. With the news of Meta Workplace shutting down, many teams are actively exploring Meta Workplace alternatives to ensure their communication and collaboration needs are met. One compelling choice…
Government contracting can be a lucrative venture for businesses, but it comes with a host of regulatory and financial responsibilities. One of the critical elements in managing government contracts is the Incurred Cost Proposal (ICP) submissions. In this article, we will delve into what Incurred Cost Proposals are, why they matter, and how businesses can…
New York plans to align with the federal centralized partnership audit regime as part of Governor Kathy Hochul’s fiscal year 2026 budget. The 2026 budget proposal would amend various tax law provisions and introduce a new section, § 659-a, detailing how partnerships must report federal changes and pay any resulting tax on behalf of their…
The term “FemTech” was coined by Clue CEO Ida Tin, who said, “FemTech will not be a term referring to ‘women in technology’ but rather as an expanding category of technology that serves the vast opportunities that exist for female health.” This sector encompasses software, diagnostics, products and services that use technology to improve women’s…
The cannabis industry continues evolving at a breakneck pace, presenting challenges and opportunities for businesses seeking growth, investment and strategic exits. Let’s discuss the critical factors shaping the cannabis capital markets – and strategies companies can leverage to thrive. A Resilient but Challenging Market The cannabis industry is experiencing a significant transformation in its capital…
Non-qualified stock options grant employees and certain non-employees, such as consultants and board members, the right to purchase company shares at a fixed price (known as the exercise price, grant price, or strike price) within a set timeframe. The strike price, determined by the company’s 409A valuation or fair market value, remains fixed, allowing individuals…