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Tokenized stocks are getting closer to becoming a reality in the U.S., and us accountants will soon have to review and audit them. These digital versions of stocks don’t always act like the regular shares we’re used to. As Nasdaq and the NYSE work on blockchain‑based versions of stocks, accountants need to prepare for assets…
Organizations following the latest CMMC news should be aware that on July 13, 2026, the Department of Defense (DoD) announced the immediate suspension of CMMC Phase II requirements, which had been scheduled to take effect on November 10, 2026. While the certification timeline has changed, Phase I self-assessment requirements remain fully in place. The DoD…
If there was one message that came through loud and clear at the 2026 Southeastern Association of Tax Administrators (SEATA) Annual Meeting, it was this: state tax departments are becoming much more sophisticated in how they identify risk, select audits, and enforce compliance. Throughout the conference, tax commissioners and state revenue agents highlighted how artificial…
E-commerce M&A has matured. Buyers still care about growth and brand, but they now spend just as much time on how the business operates day to day, particularly its financial reporting and tax. If a sale is something you may consider down the road, knowing what buyers focus on can help you feel more prepared…
Effective July 1, 2026, New York City is enacting a surcharge on high-value, non-primary residences within New York City as part of Governor Kathy Hochul’s budget. The pied-a-terre tax, as it is commonly referred to, affects one, two and three family dwellings exceeding a specified value (see below) and are not used as a primary…
Executive Summary The merger of two public universities required the seamless integration of financial operations, technology platforms, compliance obligations and governance structures with the added pressures of ensuring there were no disruptions for students, faculty, staff and vendors. Withum’s Not-for-Profit and Education Services Team was engaged to provide merger integration advisory services, helping leadership navigate…
