Microsoft has pushed Copilot Agents to the Business Chat areas of Copilot (e.g., Teams Chat and Office.com). This feature enables every Copilot license holder to create personalized agents, making Copilot even more adaptable to individual requirements. These agents can be shared within an organization, fostering collaboration and enhancing productivity. However, the settings are somewhat more restricted…
There are various types of tax professionals who practice in the M&A space. An obvious one is a tax lawyer who can weave both tax and non-tax issues together to produce a tax-efficient transaction. That skill, no doubt, is invaluable, in as much as weaving together even a couple provisions, let alone scores, of the…
Today, most financial data and records exist in electronic form, and while this digital transformation offers benefits for businesses in terms of efficiency and productivity, it also creates another layer of evidence that must be properly examined when performing any type of forensic investigation. At Withum, our Digital Forensics/eDiscovery and Forensic and Valuation Services teams…
Download a PDF of this case study. Manual Processes to Streamlined Digitization and Automation Executive Summary Ke’aki Technologies contacted Withum for help with digitizing their accounts payable (AP) invoice approval processes were inefficient and also at risk of losing data. We worked with GSCAN, an Artificial Intelligence (AI)-powered and cloud-based document scanning and capturing solution…
Download a PDF of this case study. Case Brief A construction company was facing a growing phishing email problem. This can lead to data breaches, financial losses, operational disruptions and reputational damage. Withum’s Cyber and Information Security team stepped in and provided key information that the organization used to improve its cybersecurity posture. The Client…
When it comes to accounting methods, businesses primarily choose between two approaches: cash basis accounting and accrual basis accounting. Understanding the key differences between cash vs. accrual accounting is essential as this decision impacts financial reporting, cash flow management and long-term planning. What Is Cash Basis Accounting? Cash basis accounting is a straightforward method in…
In the ever-evolving landscape of technology, the power of artificial intelligence (AI) stands as a transformative force, particularly within the realm of the Power Platform. Crafting effective prompts is the key to unlocking the true potential of these AI tools, enabling you to drive innovation and achieve unparalleled results in your projects. This blog post…
In many physician practices, it has been common practice to contract an outside healthcare professional to provide services at a per-procedure rate. Did you know that those healthcare professionals may now be considered employees? On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance…
The impending expiration of the Tax Cuts and Jobs Act (TCJA) on December 31, 2025, marks a significant turning point for individual taxpayers. Enacted in 2017, the TCJA introduced lower tax rates and broader tax brackets, providing substantial relief to many. However, as the sunset date approaches, these provisions are set to revert to their…
What you know about the future can help you make better decisions for your business today. Developing forecasting and projections is a crucial aspect of strategic planning that can improve business management and help create a healthier, sustainable business. A three-way forecast, also known as a three-statement model, is a financial model that combines vital…