Insights

Stay informed with the latest insights and perspectives from Withum.

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Proposed New IRS Reporting Requirements for Nonprofit Hospitals

A Congressional discussion draft released May 12, 2026, would significantly expand the information that tax-exempt hospitals must report annually on their Form 990. The draft amends Section 6033 of the Internal Revenue Code by adding a new subsection (p) and would apply to every organization described in IRS Code Section 501(r)(2) that is required to…

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Building a Content Calendar

Many content creators don’t start trying to build a business. You post, you grow an audience, you land a brand deal, and suddenly money comes in from multiple places. Income becomes unpredictable, expenses pile up, and taxes feel confusing and overwhelming. You might have a “great year” online yet still feel broke or shocked by…

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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…

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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…

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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…

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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…

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