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Equity Plans Part I – The Sooner the Better

Equity Plans Part I – The Sooner the Better “The time has come, the time is now . . . ” quote from the book “Marvin K. Mooney Will You Please Go Now!” by Dr. Seuss Hopefully many of you remember this fabled line and for me, it is what comes to mind when I...

Avoid Devastating Fines- FTC Used Car Buyers Guide Compliance

Avoid Devastating Fines- FTC Used Car Buyers Guide Compliance Since 1985, the Federal Trade Commission (FTC) Used Car Rule has required automobile dealerships to prominently display Buyers Guides in all used vehicles offered for retail sale at the dealership. The Guide may be removed temporarily for a test drive, but must be reinstated immediately thereafter....

Lapping of Cash Receipts: A Bond Beebe Case Study

A few years ago, one of our audit clients was the victim of fraud when an employee embezzled cash receipts. The fraud was made possible by a combination of unusual circumstances and errors in management judgment. As we started the annual audit of our client’s financial statements, we learned that the long-time controller had decided...

Anything is Possible

Share Anything is Possible John Schrumpf officially joined Withum 300 at the end of July with the daunting goal of hitting 300 miles in just five months. John not only achieved that quest — he shattered it. As of the end of August, John managed to complete 302 miles, split between the miles he ran...

Lost in Translation: HLBI Baicheng Visits New Jersey

Lost in Translation: HLBI Baicheng Visits New Jersey This week’s blog post is written by Withum’s International Services Group member, Phyllis Tsai. Withum’s International Services Team recently welcomed one of our HLB International network firms from China, Baicheng Tax Consulting Services. Beicheng has been operating as a professional tax service company since 2003. They mainly...

It’s Time to be a Shareholder Not a CEO

It’s Time to be a Shareholder Not a CEO Max Bialystock: “So you’re an accountant, eh?” Leo Bloom: “Yes sir.” Max Bialystock: “Then account for yourself! Do youbelieve in God? Do you believe in gold? Why are you looking up oldlady’s dresses? Bit of a pervert, eh?” Dialogue from the Mel Brooks classic “The Producers.”...

Brexit: Tax Implications as the UK Votes to Leave the EU

Brexit: Tax Implications as the UK Votes to Leave the EU This Where in the World blog post is written by Craig Walker, Senior Tax Manager with Hawson’s Chartered Accountants. From the argument over selling bendy bananas to the threat of an emergency budget, the EU referendum campaign has undoubtedly had its share of the headlines over...

Withum 300’s Founding Father

Share Withum 300’s Founding Father This month’s very special Withum 300 blog contributor is Withum Alum and friend of the firm Eric Wilson. While Eric is likely remembered from his starring role in the firm’s “Jump On It” 2013 State of the Firm video, many people may not realize that he’s actually the person who...

Why and How Entrepreneurs Should Network – Part II

Why and How Entrepreneurs Should Network – Part II “Grandpa, walk like you have someplace to go.” This admonishment from my 5 year old granddaughter (courtesy of my son I am sure) is my reminder that we have to do things with a purpose. And networking is not some random act that results in us...