Every organization needs to onboard new hires, so any organization can significantly benefit from streamlining its onboarding procedures. As remote work has become common in recent years, HR and IT departments everywhere are navigating new challenges in effectively managing employee onboarding. Teams that are often understaffed lack the skilled resources to manually keep up with…
In recent years, it has been impossible not to see a buy now pay later (“BNPL”) option when shopping online or even in-store. This popular option allows consumers to purchase products without having to pay the full amount upfront, with payments often broken out over four semi-monthly cycles. These payment models are often broken into…
This article aims to provide an unbiased and balanced perspective. We strive to present factual information and avoid any partisan bias. We do not endorse or oppose any political figure or party. Our commitment is to neutrality and fairness, ensuring that our analysis is objective. While President Trump won the 2024 Presidential election, and the…
Are you a business professional who wants to holistically improve your business operations? You’ve come to the right place. Our podcast “Take Me to the Cloud,” provides insights from industry experts that combine cloud systems, operations, supply chain and finance.
As attorneys navigate the complex landscape of tax law, understanding the financial intricacies of their practice is crucial. One area that demands attention is advanced client costs. These costs, often borne by attorneys on behalf of their clients, can significantly impact both financial reporting and overall profitability. What Are Advanced Client Costs? Attorneys, especially those…
The type of compensation a law firm owner may receive will vary depending on how the law firm is structured. If a business issues the wrong type of compensation, it may have exposure for failure to withhold state taxes on nonresidents and may also overpay the employer’s portion of Social Security taxes. S Corporations (Including…
Download a PDF of this case study. Executive Summary A general construction contractor recognized their need to migrate to the cloud so internal users could access files from anywhere to collaborate on projects quickly. Withum was brought in to migrate their systems to Microsoft 365 and provide the company with the continued support they need…
A recent alert from Maryland-based cybersecurity firm Huntress highlights a concerning vulnerability for construction companies using on-premise accounting and project management software with default login credentials. According to their report last month, a brute-force attack targeted users of a major construction accounting software vendor, exposing sensitive data due to default usernames and passwords being left…
The cannabis industry has waited with bated breath for the December 2nd hearing, where many anticipated that final testimony in favor of rescheduling would be heard by the Drug Enforcement Agency (DEA). The hope was that this would lead to an expedited rescheduling, and perhaps IRC §280E might not apply to the tax year ending…
Withum is excited to welcome Steve Menna as a Partner in our Financial Services Team. Menna, who brings extensive experience and innovative leadership, will spearhead the firm’s national alternative investments expansion, focusing on the Southeast and Southwest regions. “I’m thrilled to be joining Withum’s dynamic team and advancing the firm’s presence and success nationally with…