Crypto has continued to gain mainstream adoption in the global economy. Each day, more firms are considering the benefits of digital assets and the implementation of payments for their businesses. Offering cryptocurrency payment options may help firms gain a competitive advantage. Should You Integrate Cryptocurrency Payments? If you’re interested in integrating cryptocurrency payments, the guide…
The vacation ownership industry is known for its dynamic and demanding nature, requiring a flexible and efficient workforce to meet varying customer needs. When it comes to staffing, employers often face the decision of hiring part-time or full-time employees. Each option has its own set of advantages and challenges, and the choice depends on various…
View our guide for a list of relevant due dates that startup and emerging growth companies should be aware of. While this is not meant to be a comprehensive list of all due dates, it will help keep you on top of the important filings to consider.
This article has been refreshed to include the latest announcement from Intuit about the discontinuation of support and security updates for QuickBooks Desktop 2022 after May 31, 2025, in addition to the previously announced changes affecting QuickBooks Desktop subscriptions that ended September 30, 2024. Below, we outline what the newest updates mean for your business…
How a Growing Cannabis Organization Streamlined Financial Reporting with Intacct Case Brief A rapidly growing company in the cannabis industry needed to scale its financial management capabilities beyond QuickBooks’s limitations. Partnering with Withum, this organization transitioned from QuickBooks to Sage Intacct, a cloud-based ERP system known for its robust multi-entity and intercompany functionalities and dimension-based…
Generic drugs typically cost less than the replicated brand-name drugs. It is a cost-effective way of making available expensive essential medications to patients who need them. Generic drugs are priced lower because manufacturers of generic drugs do not have to invest in clinical studies and tests that have already been done by the brand-name manufacturer….
Understanding use tax, a tax imposed on goods or services purchased outside a jurisdiction but used within that jurisdiction, is critical. Use tax is meant to complement sales tax by ensuring that items bought from out-of-state sellers, where sales tax might not be collected, are still taxed. This knowledge empowers law firms to navigate the…
On November 21, 2024, Judge Reed O’Connor of the U.S. District Court for the Northern District of Texas vacated the recently adopted Rules 3a5-4 and 3a44-2 (collectively, the “Dealer Rule”) of the Securities Exchange Act of 1934, as amended (“Exchange Act”). The court determined that the Securities and Exchange Commission (SEC) exceeded its statutory authority…
On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), temporarily halting Beneficial Ownership Information (BOI) reporting to the Financial Crimes Enforcement Network (FinCEN) until further notice. Case Background The case, Texas Top Cop Shop, Inc.,…
In government contracting, understanding the various types of indirect cost rates used for pricing and billing is crucial. Why? By establishing indirect rates, contractors are equipped to calculate the total cost of contract performance. Additionally, federal contractors are also able to determine how much of their indirect costs (G&A, overhead, etc.) can be recovered. There…