On November 27, 2023, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosures, which is effective for fiscal years beginning after December 15, 2023, and applies to public entities, which includes Broker-Dealers. The goal of segment reporting is to provide information about a…
Many manufacturing companies encounter challenges when trying to manage their operations within an ERP system. Unlike more standardized industries, manufacturing involves a wide range of variables, including custom production workflows, specialized machinery and intricate supply chain logistics that are often unique to your product. Configuring out-of-the-box NetSuite to meet these unique requirements can be particularly…
Withum is proud to announce that Wendy Terry, Partner and Practice Leader of the Firm’s Professional Services Industry Team, has been appointed to serve on the City of Orlando Finance Committee. The appointment by Orlando Mayor Buddy Dyer reflects Wendy’s extensive experience in the accounting profession and commitment to serving the local Central Florida community….
Bitcoin’s price is trending again, breaking through $100,000 for the first time. This increase is mainly due to the president-elect’s view on cryptocurrencies and the thought that he will bring crypto to the mainstream of finance. President Trump has proposed several projects to boost the crypto sector. These include dispensing capital gains tax for Bitcoin…
With federal interest rates slowly on the decline, it may be a good opportunity to consider whether you should refinance your mortgage or purchase a home. During the pandemic, interest rates were at their lowest; many took advantage of these rates to purchase homes. Later, with the impending recession, the housing market took a hit…
Withum is proud to share that Great Place to Work has named the Firm as one of this year’s Fortune Best Workplaces for Parents. Great Place to Work® has been surveying employees internationally for more than three decades, asking questions about every facet of their working environment. In 2024 more than 1.3 million people responded…
Are you struggling to keep your chemical manufacturing operations efficient while driving sales? In this fast-paced industry, staying competitive is essential. The current sales process is complex – and challenging to systematize. Let’s explore how to rethink your sales process and offer simple CRM strategies that can enhance sales, minimize inefficiencies and optimize regulatory compliance….
The R&D tax credit is a tax incentive that encourages companies to invest in research and development activities in the United States. The credit is available to businesses that engage in qualifying R&D activities. Potentially Qualifying Activities While seemingly routine, many of the activities performed by e-commerce companies can qualify for the R&D tax credit….
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…