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…
Withum is proud to share that two team members have graduated from the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. This is the third consecutive year that Withum team members have participated in the FICPA Leadership Academy. Lauren Lamb, CPA, and Stephen Vinarub, CPA, MBA, are FICPA 2025 graduates. Lauren is an Audit…
For many professional services firms, entering timesheets is a necessary but time-consuming task—taking away from valuable billable hours. The traditional process often involves logging into a system, selecting projects, manually entering hours and adding descriptions. But there’s a simpler way. Watch the demo below to see how AI streamlines timesheet entry. Instead of manually navigating…
What if your ability to innovate in the workplace and adapt wasn’t left to chance, but embedded in your culture? A project-centric approach empowers employees to lead and participate in projects that drive organizational improvement and enhance their sense of ownership and engagement. Shifting to this mindset enables organizations to encourage collaboration, tap into diverse…