Understanding the intricacies of manufacturing costs is crucial for any company aiming to succeed. When a company thoroughly examines and improves its cost allocation methods, it can find efficiencies and enhance its margin analysis techniques. By delving deep into every aspect of your manufacturing processes, it is vital to optimize cost structures and ensure that…
The Governmental Accounting Standards Board (GASB) issued Statement No. 103: Financial Reporting Model Improvements to provide updated guidance on several areas of the financial reporting model. It is the most significant update to the financial reporting model since GASB Statement No. 34: Basic Financial Statements and Management’s Discussion and Analysis for State and Local Governments…
When the devastating wildfires raged through Southern California at the start of 2025, Withum rallied to support the Los Angeles community. Chris Passmore, partner-in-charge of Withum’s Los Angeles office, presented a $50,000 check to Angie Carmignani, the Executive Director of California Fire Foundation (CFF) on February 10, 2025. Giving back is engrained in Withum’s culture,…
Learn how a regional healthcare provider overhauled their existing Microsoft 365-based system to efficiently communicate the correct information to the right person at the right time. Download a PDF of this case study Executive Summary A health and wellness system company’s comprehensive administrative system requested support to further leverage their existing Microsoft 365 infrastructure to…
As organizations transition fully into the digital landscape of the modern workplace, having the right tools can make a massive difference in how smoothly your organization can run. Microsoft offers many tools, such as Power Apps and Power Automate, that allow your organization to automate workflows or create custom applications to address your specific business…
When it comes to international background investigations, there is no “one size fits all” approach. In today’s global economy, many companies, including Withum, have an international reach. Whether partnering with new clients or hiring employees overseas[1], it’s essential to understand and navigate the background check process outside of the United States to make better, more…
In a tradition stretching back more than three decades, the Florida Institute of Certified Public Accountants (FICPA) held its annual liaison meeting with the state’s Department of Revenue (DOR). The day’s agenda covered a wide range of topics— including general tax administration, artificial intelligence tools, technical assistance and an update from general counsel. The department…
The House took the first step toward federal tax reform by approving a budget resolution on February 25, 2025, that would require $2 trillion in overall spending cuts over the next decade. This resolution aims to help pay for $4.5 trillion in tax cuts as an extension of President Trump’s 2017 tax cuts is set…
Download a PDF of this case study. Executive Summary Learn how Withum leveraged AI-driven resume scraping and private hosting to increase efficiency, data security and even cost reduction for a client’s government recruiting process. About the Client A large US-based professional services firm specializing in government project recruitment. The Challenge The client faced significant challenges…
I retired only a few weeks ago after 25 years as a special agent with IRS Criminal Investigation, and have lost count of the number of texts I received containing news stories about IRS-CI special agents being assigned to conduct immigration enforcement. This, along with reports of reduced funding and staffing, make this an opportune…