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DOL Overhauls Labor Organization Financial Reporting: What the New Form LM-2 Rules Mean for Your Organization

Form LM-2 reporting is a key component of how labor organizations demonstrate financial transparency and meet federal compliance requirements. Recent changes from the U.S. Department of Labor (DOL) represent a meaningful shift in reporting expectations, particularly for larger organizations. The DOL has finalized significant revisions to labor organization financial reporting under the LMRDA, effective for fiscal years beginning on or after July 1, 2026. These changes represent the most substantial…

Article

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From Scroll to Sale: Opportunities and Challenges of Social Media-Driven E-Commerce

For today’s e-commerce companies, the customer journey rarely starts with a search. More often, it begins with a scroll. Social media has evolved from a marketing channel into a measurable driver of e-commerce sales, influencing how customers discover products, build trust, and make purchasing decisions. For Withum’s e-commerce clients, this shift creates real growth potential…

Article

AI-generated music on an abstract techno background. The concept of artificial intelligence in programming and the Internet.

Universal Music Group and Spotify Partner on AI: A Familiar Song with A New Tune

The announcement on May 21, 2026, that Universal Music Group (UMG) and Spotify are partnering on a new AI-powered music initiative is one of the latest advancements at the intersection of artificial intelligence and the music industry. And yet, something about it strongly echoes a past deal between the two, when they also joined forces…

Article

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Power Platform: When and Why to Use Canvas, Model-Driven, Power Pages and Code Apps

When someone says, “just build it in Power Apps,” the next question should always be: which one? Power Apps isn’t a single tool. It’s four different app types, each built for a different audience, a different data scale and a different level of technical skill. Picking the wrong app costs real time and money. This guide helps you pick the right one before you start…

Blog

CalCPA Names Withum Leaders to 2026 NorCal Top 50 Accountants

Top 50 Accountant Honorees at Withum Brandon Yip Brandon Yip is a partner who leads Withum’s Technology and Emerging Growth Services Team in the San Francisco Bay Area. He focuses on advising public and private companies on audit, regulatory and transactional matters while helping innovation-driven organizations scale. Deeply connected to Northern California, he supports the region’s technology and life sciences ecosystem…

News

Tax Planning Concept: Businessman Arranging Wooden Blocks with Financial Icons and TAX Text Representing Corporate Finance and Growth Strategy

Why Global Structuring and Transfer Pricing Matter for Life Sciences Companies

The life sciences industry is characterized by high-value intellectual property (“IP”), extensive research and development (R&D), complex regulatory environments, and global supply chains. Life sciences companies are increasingly global from day one where R&D is performed in one country, clinical trials in others, IP held centrally, and manufacturing and commercialization is performed elsewhere. These unique attributes create opportunity, but it also creates tax risk if global structuring and transfer pricing are not…

Article

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