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LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business

Withum

When starting your food or restaurant business, one of the most important decisions you’ll make is selecting the legal structure for your company. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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The Rise of Non-CPAs in CPA Firm Acquisitions

CPA Practice

Instead of registering a local entity, firms should (at least initially) use a PEO or EOR to stay compliant — making it easier to establish offshore operations without high upfront costs or legal complexity. The question is no longer if your firms client accounting services should adopt AI, but when—and the answer is NOW.

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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

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Small Business Tax Deductions 101: What You Can (and Can’t) Write Off

inDinero Accounting

This includes: Legal fees Accounting and bookkeeping services Tax preparation costs Financial planning advice Remember, these deductions apply to fees paid for business purposes. Unfortunately, personal legal or financial advice doesn’t count. Lastly, don’t underestimate the value of business tax services.

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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices. Then there is the accountant who used to be an Air Force fighter pilot, and another guest who played in the National Football League before starting a career in accounting.

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Understanding Profits Interests in Partnership Taxation

Withum

Incentive alignment: Partnerships use profits interests to align service providers goals with the partnerships long-term growth. However, meticulous accounting and legal documentation are vital for correctly allocating income and losses among partners.