Insights

Stay informed with the latest insights and perspectives from Withum.

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Audit Preparation for Non‑Profit Theatres

Non‑profit theatres operate in a world where creativity meets complex financial operations. Between ticket sales, grant reporting, union payroll, production costs, and in‑kind donations, these organizations manage a financial landscape unlike any other. When audit season arrives, the pressure can intensify quickly, especially for teams already stretched thin. As an outsourced accounting CPA who supports…

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Missed your 83(b) Election? Here’s What You Can Do 

If you’ve received restricted stock, you have 30 days from the grant date to file an 83(b) election with the IRS. Missing this deadline can cause major tax issues down the road, and the IRS generally will not accept late filings. Still, there are some ways to help lessen the financial impact.  Failure to timely file an 83(b) election means you will be taxed at ordinary income…

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Interim Tax Reporting: Avoiding Surprises in the Quarters

For many smaller SEC filers, interim income tax provisions can be surprisingly challenging, particularly for companies with limited internal tax resources. Variances in assertion or assumptions, discrete events, changes in judgment on a valuation allowance and/or acquisition(s) are just a few items in a long list that can cause a surprising wrinkle in the interim…

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Case Study: Medicare Underpayment Identification and Revenue Recovery

The Client An academic medical center operating multiple hospitals and specialized service lines. The Situation Following a recent conversion to a new electronic health record (EHR) platform (EPIC), the health system engaged Withum to perform a comprehensive Medicare underpayment audit to validate the accuracy and completeness of prior reimbursement. Given the complexity of Medicare reimbursement…

Case Studies
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Consolidating Business Intelligence for Financial Services: The Case for Moving from Tableau to Power BI

Financial services organizations have always been early adopters of business intelligence (BI). The data volumes are large, the reporting requirements are stringent and the pressure to turn information into decisions quickly is constant. Many firms built out significant Tableau environments in the 2010s and those environments have grown in complexity ever since.   Today, many of those same firms…

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California Enacts SB 122 – Sales Tax Expansion to Digital Products

On June 29, 2026, Governor Gavin Newsom signed Senate Bill 122 (SB 122), the budget trailer bill for the 2026–27 fiscal year, expanding California’s sales and use tax base to include certain digital software transactions, effective January 1, 2027. Under the new legislation, California’s 7.25% statewide sales and use tax, plus any applicable local district…

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