A recent bill in New Jersey aims to reduce the tax burden on smaller merchants by removing the 200-transaction requirement from the state’s sales tax and corporation business tax nexus thresholds. Mike Puzyk and Paul Buonaguro, attorneys from our Tax and Benefits team, note that while the bill Continue Reading
Feature Comment: The CUI Program: DOD, We Have A Problem (Part II)
Feature Comment: The CUI Program: DOD, We Have a Problem
The U.S. Department of Defense’s Cybersecurity Maturity Model Certification (CMMC) Program will become operational at some point in fiscal year 2025. In October, the DOD issued a Final Rule to address evolving cybersecurity requirements and cyber threats while defining the security controls that DOD Continue Reading
A Critique of New Jersey’s Guidance on Passthrough Income Sourcing
Mike Puzyk, a partner in our Tax and Benefits team, takes a closer look at the New Jersey Division of Taxation's stance in TB-112(R) on how N.J. Stat. Ann. Section 54A:5-19 applies to passthrough entities. He argues that the Division's interpretation seems to conflict with both the clear wording of Continue Reading
New Jersey’s Research and Development Tax Policy Must Be Fixed
Mike Puzyk, a partner in our Tax and Benefits team, highlights how New Jersey's July 2023 legislation, aimed at encouraging in-state research and development (R&D) activity, inadvertently benefits larger companies while leaving smaller firms at a disadvantage. The law allows businesses subject Continue Reading
Judiciary Under Fire: Understanding Mexico’s Controversial Judicial Reform
In one of his final acts as president of Mexico, Andrés Manuel López Obrador promulgated a contentious judicial reform. López Obrador, whose six-year term ended on Sept. 30, celebrated the overhaul of the judiciary as a necessity and an important legacy of his government. However, the reform has Continue Reading
New Jersey Property Buyers Must Act Fast on Tax Refund Claims
A recent New Jersey Tax Court decision highlights the strict 90-day statute of limitations for mansion tax refund claims, presenting significant challenges for property buyers. Mike Puzyk, a partner in our Tax and Benefits team, discusses the DePina v. Dir., Div. case, in which the court ruled that Continue Reading
Surviving And Thriving In The Small Business Administration’s 8(a) Program: Maximizing Opportunities For NHOs, ANCs, and Tribes
The Loper Decision & the Future of AI Regulation
The Journal of Federal Agency Action, in its November/December 2024 issue, published Joe Mazzarella’s article about the challenges involved in the regulatory oversight of AI against the backdrop of the US Supreme Court’s recent decision in Loper Bright Enterprises v. Raimondo. Joe says that while Continue Reading