Evaluate Your 2025 Tax Obligations This tax pocket guide is an essential resource that will help you evaluate and estimate your 2025 tax obligations. It is your first step so that we can help you create a strategy to minimize taxes for the coming year, as well as develop a long-term tax strategy to benefit…
On January 23, 2025, the U.S. Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) 122 officially rescinding SAB 121. SAB 121 was issued by the SEC on March 31, 2022. The purpose, per the SEC, was to provide guidance on the accounting for obligations to safeguard crypto-assets that an entity holds for its…
Did you buy or sell a piece of real estate? After all the fine details have been worked out, you will receive a real estate closing statement. A closing statement is more than just a piece of paper – it lists the transactions associated with the purchase or sale of a property, including the fees,…
In today’s data-driven world, organizations are constantly seeking ways to leverage the power of their data to gain insights, make informed decisions and drive innovation. Data and AI are at the core of Microsoft Fabric, a comprehensive data platform for AI business intelligence transformation. By integrating advanced AI analytics and other capabilities, Microsoft Fabric empowers…
With the continuous evolution of technology and the norm of hybrid and remote work, businesses face an array of challenges and opportunities. From leveraging cutting-edge employee engagement tools like Microsoft Viva to managing cultural diversity in a globalized workforce, the demand for seamless and inclusive communication has never been higher. At Withum, our experience working…
On January 6, 2025, the Pension Benefit Guaranty Corporation issued Technical Update 25-1, lending guidance on the timing of premium payments for all 2025 Plan Years. Per Section 502 of the Bipartisan Budget Act of 2015, the premium filing due date for all plans is the 15th day of the ninth calendar month that begins…
As businesses continue to explore AI integration, it’s crucial to prioritize key business areas that will enhance overall resilience, improve efficiency and ensure robust data protection. In this post, we’ll explore four critical strategies that businesses should focus on to navigate these changes effectively. 4 Key Business Strategies 1. Data Security and Relevancy This year,…
Learn how Withum helped a food manufacturer leverage an existing Microsoft investment to streamline business processes and empower citizen developers with Power Platform.
The updated guidance in Chapter 8 of the American Institute of Certified Public Accountants (AICPA) – “Accounting and Valuation Guide: Valuation of Privately-Held-Company Equity Securities Issued as Compensation,” outlines a framework for using primary and secondary transactions in company securities to assess their impact on estimating the fair value of equity frequently used for 409a…
A retirement plan may allow participants to access their accounts while still employed via a hardship distribution when there is an immediate and heavy financial need, whether it was incurred deliberately or unintentionally. Immediate and heavy financial need would include any of the following listed below: SECURE Act 2.0, Section 312, which went into effect…