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Private Schools and Tax-Exempt Status: Understanding the IRS’s Proposed Changes to Racial Nondiscrimination Requirements

Private schools have long operated under federal tax-exemption requirements that prohibit racial discrimination. On September 3, 2026, the IRS and Treasury Department released proposed regulations that would change how those longstanding requirements apply to schools recognized as tax-exempt under Section 501(c)(3). The proposal would affect private elementary schools, secondary schools, colleges, universities and other educational…

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Why Managed IT Is a Business Strategy, Not Just a Help Desk

For small and midsize businesses (SMBs), technology has become fundamental to nearly every part of the business, from serving customers and processing payments to managing data and keeping operations running. Yet many businesses still approach IT reactively, addressing issues when something breaks rather than managing technology as critical business infrastructure. Artificial intelligence is making that…

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Buffalo Business First Names Michelle Sullivan to 2026 Power 200 Women List

Leadership in Audit and Advisory As an audit partner with more than 30 years of experience, Michelle serves clients in the not-for-profit, employee benefit plan and real estate sectors. Her nonprofit expertise spans health and welfare organizations, higher education and cultural institutions and public foundations with significant investment and endowment assets. Michelle works closely with…

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LA Times Names Two Withum Partners as Private Equity and M&A Visionaries

Johnny Minassian Johnny Minassian is a partner providing assurance, accounting and consulting services to investment advisers and private funds. He serves hedge, commodity, private equity, venture capital, loan and real estate funds throughout their life cycles. Johnny has helped grow the Firm’s Financial Services practice in Southern California and is connected to the deal community,…

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Regulatory Intervention and Artificial Inspiration: Examining Google’s AI Governance Proposal on Copyright Protections
Regulatory Intervention and Artificial Inspiration: Examining Google’s AI Governance Proposal on Copyright Protections

Similar to other major AI developers, Google has been facing several lawsuits that challenge the tech giant’s alleged use of copyrighted materials to train its AI models. Against that backdrop, Google’s white paper on AI policy, A Pragmatic Approach to AI Governance in America, appears to present a balanced approach to facilitating continued innovation on…

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Illinois Digital Asset Tax Act Draws Scrutiny as Repeal Effort Emerges

Illinois’ newly enacted state budget includes the Digital Asset Tax Act (DATA), a transactional tax regime aimed at certain digital asset activities. DATA is scheduled to take effect January 1, 2027, and would impose a 0.2% tax that covered service providers must collect, separately state, report, and remit to the Illinois Department of Revenue. The…

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