New Jersey is no longer just talking about artificial intelligence. It is building the infrastructure, the capital networks and the talent pipelines that serious AI development demands. The NJ AI Hub, now fully operational in West Windsor, has moved from ribbon-cutting ceremony to first cohort in a matter of months, and the implications for entrepreneurs, investors … Read more
SUMMARY Cryptocurrency can build real wealth, but mostly for insiders who create and issue tokens, not retail investors who buy them later. The Trump family’s $1 billion+ in crypto profits illustrates exactly how that works. New federal laws changed the rules dramatically in 2025. Before investing, understand the tax consequences, the legal risks, and who’s … Read more
SUMMARY The Supreme Court ruled 6-3 today that IEEPA, the International Emergency Economic Powers Act of 1977, does not authorize the President to impose tariffs. The decision in Learning Resources, Inc. v. Trump, 607 U.S. __ (2026), invalidates roughly half of all tariff revenue the government has collected over the past year. Trump responded within hours by … Read more
This post has been updated here. SUMMARY If the Supreme Court rules against Trump’s tariff authority under IEEPA, he retains multiple alternatives. These include Section 232 for national security tariffs, Section 301 for unfair trade practices, other statutory provisions and non-tariff barriers. However, these options require more process, justification and targeted application than IEEPA’s sweeping … Read more
The New Jersey Technology Business Tax Certificate Transfer Program represents a distinctive funding mechanism that has garnered significant attention within the state’s technology and biotechnology sectors. Commonly referred to as the NOL Transfer Program, this initiative enables qualifying early-stage companies to transform unused net operating losses and research and development tax credits into immediate working … Read more
EXECUTIVE SUMMARY Employee misclassification poses significant legal and financial risks for businesses. Workers must be properly classified as W-2 employees versus 1099 contractors using DOL and IRS tests that examine control, financial arrangements and work relationships. Employees require further classification as exempt or non-exempt based on salary level, basis and duties tests. Misclassification penalties include … Read more
The One Big Beautiful Bill Act, passed on July 3, 2025, represents a significant overhaul of tax policy affecting U.S. Social Security recipients. This legislation was purportedly designed to fulfill President Trump’s campaign promise to eliminate federal taxes on Social Security benefits, though it only partially achieves this goal and only through an indirect approach … Read more
On July 4, 2025, President Donald J. Trump signed the One Big Beautiful Bill Act into law, making a significant change in the federal policy of taxing tip incomeding some relief to many service industry workers across the United States. The New Tip Tax Deduction Framework The legislation creates a specific federal income tax deduction … Read more
The Trump administration’s recent expansion of tariffs has prompted many businesses to question whether significant tariff increases can trigger force majeure provisions in contracts. This issue has become increasingly urgent as companies navigate dramatically increased costs in 2025’s volatile global trade environment. Force majeure clauses typically excuse contractual obligations when extraordinary, unforeseeable events beyond either … Read more
The IRS has a massive volume of tax returns and financial data to analyze each year, making it impractical to manually review every single return for potential issues or discrepancies. AI and machine learning techniques allow the IRS to efficiently sift through this vast amount of data and identify high-risk returns or areas that warrant … Read more