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In the last few months, to prevent fake firms from obtaining GST registrations, the process of granting GST registration has become far more complicated and time-consuming for genuine taxpayers as well. The CBIC has received complaints that GST officers are asking for additional documents that are not prescribed in the List of Documents appended to FORM GST REG-01.
Sports fans know that team loyalties run deep. Committed supporters of college and even high school sports teams now have even more opportunities to make major investments in up-and-coming athletes. In 2021, student athletes were granted licensing rights for the first time, allowing them to earn income on the use of their name, image, and likeness (or NIL).
Last time we looked at the damage that one companys past sales tax exposure and liability can do to an M&A deal. In that part, well examine what can be done about this exposure. Mitigation How can either or both parties in an M&A mitigate this exposure through further research or jurisdictions programs? (Bear in mind the buyer may be the one to determine mediation as part of due diligence or escrow.
Business owners need to have a pulse on their organization’s financial performance and cash flow for decision making and obtaining business financing. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement? What is a financial statement?
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Accurate financial reporting is crucial for any small to medium-sized business (SMB) looking to grow sustainably. Without proper financial oversight, companies can face compliance risks, cash flow issues, and missed opportunities for strategic expansion. This is where a controller plays a vital role.
Withum is proud to share that NJBIZ has recognized Pat Walsh , Managing Partner and CEO, and Jim Bourke , Partner and Managing Director of Advisory Services , as part of its 2025 Leaders in Finance honorees list. Their inclusion on this prestigious list highlights their dedication and expertise to financial leadership. Pat was recognized for his commitment to leading an inclusive and diverse workplace that supports Withums rich culture.
When your company taps into venture capital (VC) funds to build its runway, investors expect you to be diligent with every dollar. You probably want to be, too, since the more you can slow your burn, the longer you have to figure out how to make your business model profitable. Even once your company has some traction, finding and maintaining the right partners helps you scale.
When your company taps into venture capital (VC) funds to build its runway, investors expect you to be diligent with every dollar. You probably want to be, too, since the more you can slow your burn, the longer you have to figure out how to make your business model profitable. Even once your company has some traction, finding and maintaining the right partners helps you scale.
In this episode of Canopy Practice Success, host KC Brothers interviews Jeremy Wortman, an organizational psychologist with a unique background in consulting for the accounting profession. Jeremy discusses how his work initially took off during his dissertation years, where he created a workshop on ethical decision-making in business. The conversation shifts to the importance of emotional intelligence (EQ) in the workplace, emphasizing how it drives employee engagement and business growth.
Today, running a successful professional services company requires more than just delivering high-quality services. You also need to ensure your financial processes are efficient, your invoices are accurate, and your cash flow is steady. Without proper accounting and financial management, even the most in-demand service businesses can struggle with profitability.
Founded in 2019, TCS Guernsey supports local businesses with outsourced bookkeeping and payroll services. Understanding that business owners didnt start their companies to manage paperwork and reconcile accounts, TCS Guernsey removes the stress of bookkeeping and takes on these time-consuming tasks, allowing their clients to focus on growing their business.
When you think of up-and-coming business opportunities, you likely dont think of student athletes. As a result of recent court cases, athletes have gained the ability to receive a financial profit anytime their name, image, and likeness (or NIL) is used. For college and even high school athletes, NIL deals are becoming more and more commonwhether thats for major brands like Nike and Under Armour, in the world of video games, or through their own social media following.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
One helps your employees. One brings in capital. Both matter. Learn the difference between 409A and fundraising valuations. The post Avoiding Startup Valuation Traps: 409A vs. Fundraising appeared first on Burkland.
Intuit Enterprise Suite continues to evolve as a platform designed to help mid-market businesses streamline operations and achieve growth. With the latest updates now available, Intuit promises enhanced predictive forecasting, improved integrations, and tools to boost accuracy and productivity. However, as with any new features, it’s important to go beyond the marketing gloss and evaluate their real-world practicality.
An enterprise resource planning (ERP) system can revolutionize your operations and boost data transparency, offering real-time insights that empower your organization to make smarter business decisions. With CFOs often leading an ERP implementation, its essential to embrace best practices and key considerations to maximize the project’s success.
Many industries are facing talent shortages with most open positions receiving two or three applications on average. According to the Bureau of Labor Statistics most recent Employment Situation Summary , Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.1 million, changed little in March. The unemployment rate has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Youve worked hard to grow your business, and now you’re ready to invest in commercial real estate. The cash is in your corporation, so buying the building through your company seems like the simplest choice. But when it comes to real estate and entity structure, what seems simple today could turn into a costly mistake. The post Avoid Double Taxation: Dont Buy Real Estate in Your Corporation appeared first on LSL CPAs.
As I sit to write this, its the eve of Tax Deadline Day (Ill be sure to put milk and cookies out for Uncle Sam before leaving the office). Hope you feel the relief of putting your 2024 taxes behind you. Now, you can devote your attention to this other important thing happening: the tariffs. The back-and-forth here is a lot to keep up with (feeling a little BOI reporting deja vu, or is that just me?).
Any suggestions and illustrations in this blog are not intended as financial advice. They are my personal opinions. I heard the following on a TV and radio broadcast last week on a day the stock market dropped significantly, and the bond market increased. I did not take notes, so this is not an exact quote, but the sense of it is pretty much what was said. “What happened today highlights the reason why people should diversify a stock portfolio with longer-term bonds.
As organizations increasingly rely on data-driven decision making, more chief financial officers (CFOs) are actively implementing enterprise resource planning (ERP) solutions. This shiftfacilitates smooth connectivity across various departments, boosts operational visibility, and strengthens financial reporting. Budgeting for an ERP implementation is key to the projects success and delivers measurable return of investment (ROI) for your organization.Lets walk through the essential steps to crea
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Profile Keith Jones, CPA, is a tax resolution expert with over two decades of experience serving clients in rural northwest Florida and beyond. Growing his customer base while addressing complex tax cases presented operational challenges, especially with increased client needs and inefficient workflows. Keith was looking for a solution to simplify his day-to-day workload while enhancing his ability to deliver quality services.
Maryland needs more tax revenue. Taxing business services and/or intellectual property and media rights could help the Old Line State fill a looming $3 billion budget gap.
You may have heard the news the New York Attorney General Letitia James has been referred to the DOJ for possible prosecution for mortgage fraud. And you might be wondering who uncovered this fraud? None other than my friend, Sam E. Antar. He first started reporting on James back in December 2024, exposing how she [.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Withum is proud to announce that Kirk Holderbaum , Partner and Chief Growth Officer, has been recognized by NJBIZ as a 2025 ICON. His leadership within the Firm and long-time client relationships have created a legacy of stewardship within the greater NJ business community. With over 30 years of experience in business advisory and public accounting, Kirk has been a driving force behind Withum’s growth and success.
The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report.
7 min read April 16th, 2024 Every nonprofit organization undergoes a full grant lifecycle that includes identifying grant opportunities, building relationships with funders, applying for grants, accepting grant awards, managing and tracking the grant, reporting your progress, and repeating.
Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
The world of financial services can sometimes feel like navigating a maze of overlapping terms and undefined boundaries. Terms like CFO support services, client accounting services, advisory services, and controller services often get thrown around interchangeably, creating confusion for businesses trying to understand what they truly need.
Hi. You may have noticed a shortage of content around here since April 11, a situation that’s not hard to notice given the pace at which we’ve consistently s**t out articles Monday through Friday since 2009. I’d like to extend a fist bump to everyone who reached out to ask if we’re OK, even the person who felt compelled to call the tipline 9 times in a row after midnight the other night before finally leaving a frantic voicemail.
AAM Hall of Famers August Aquila and Kristen Lewis examine the rise of marketing as a professional function in accounting firm -- and look ahead to where it's going.
7 min read April 23rd, 2025 Cash flow problems are the leading reasons why businesses fail (by a long shot). According to a study from U.S. Bank , 82% of failed businesses went out of business as a result of cash flow challenges. Key Takeaways Understanding Cash Flow Management: Cash flow management focuses on ensuring that accounts payable and accounts receivable work in a well-balanced dance so your business gets paid in a timely manner and has the money it needs for impeccable payables manage
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
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