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Florida’s Nonprofit Law Just Got Its Biggest Update in Decades — Is Your Governance Ready?

Effective July 1, 2026, Florida enacted one of the most significant updates to its nonprofit corporation law in decades. CS/CS/HB 797 substantially revises Chapter 617, Florida Statutes, modernizing the state’s nonprofit framework and aligning it with the American Bar Association’s Model Nonprofit Corporation Act, the model already adopted in 37 states. The changes do not…

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Stopping AP Fraud at the Source: How To Prevent Vendor Fraud in Accounts Payable

Vendor fraud in the accounts payable (AP) process is no longer a niche concern. It is a universal risk that touches finance, operations and firm governance. For controllers, CFOs, and operations leaders, prevention starts with understanding where modern processes are vulnerable and how those weaknesses translate into financial and operational exposure. Where Companies Are Most…

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Florida Sales Tax Exemption on Utilities for HOAs

Florida law provides a valuable but often underutilized benefit for homeowners’ associations (“HOAs”): a sales tax exemption on certain utility charges. Under Florida Statutes §212.08(7)(j), electricity may be exempt when used for qualifying residential purposes. In the HOA context, common-area use may qualify only to the extent that it supports residential living and is not…

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Chelsie Rabon Named 2026 Next Generation in Accounting Winner

Chelsie is a leader in Withum’s San Ramon, CA, office, where she specializes in audits of employee benefit plans, labor organizations and multiemployer benefit plans. She was recognized for her dedication to clients, technical proficiency and ability to help organizations address audit and compliance requirements. Chelsie is deeply committed to fostering the next generation of…

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Benefit Plan Audit Season Is Here: Three Hot Topics to Keep Top of Mind

As another employee benefit plan audit season gets underway, plan sponsors have a valuable opportunity to get ahead of the issues that most frequently surface during a retirement plan audit. A little preparation now can prevent findings, corrections, and uncomfortable conversations later. Below are three areas that consistently draw scrutiny and where a proactive review…

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Outsourced Accounting FAQ: What to Know Before You Start

Outsourced Accounting FAQ Whether you’re evaluating outsourced accounting services for the first time or looking to optimize an existing finance function, questions often arise around onboarding, software compatibility, security and ongoing support. This outsourced accounting FAQ addresses common considerations organizations have when working with an outsourced accounting team, including ERP support, system implementations and how solutions can integrate with…

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