New Jersey has long required minors to have working papers before they can start a job, but the current system and rules were modernized in 2023. As of June 1, 2023, a new law shifted the working‑papers process from local schools to the New Jersey Department of Labor and moved everything to an online portal.
Back in February 2026, New Jersey announced an important update to its state-sponsored retirement program. On February 6, 2026, the RetireReady NJ Program was officially amended to expand its reach to more employers across the state. While the program originally launched in June 2024, this latest change lowers the employer participation threshold. The state has
We've been fielding a number of calls from clients asking whether they're entitled to tariff refunds following the Supreme Court's February 2026 ruling that invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The short answer: if you're an importer who paid these tariffs since January 2025, you likely qualify for a refund
State boards of accountancy and tax practitioners are reporting highly convincing fake IRS notices, including those referring to CP53E (failed direct deposit) and CP5071/5071C (identity verification). Some of these letters ask you to “verify” or provide bank account information (even when you owed tax, not a refund) and include QR codes or shortened/odd‑looking website addresses.
When a U.S. person or business owns a foreign entity, the tax issue is often disclosure, not just income. U.S. tax law requires detailed reporting and strict recordkeeping, even when there is little or no current U.S. tax due, and penalties for getting it wrong can be severe. U.S. Businesses with Foreign Ownership: Form 5472 If
Recent budget proposals in Washington include a roughly $1.4 billion reduction to the IRS’s annual funding, with a significant portion targeted at enforcement activities. The administration has framed this as a way to streamline operations and trim “inefficiency and duplicative spending,” while House appropriators have advanced a funding bill that would lower enforcement dollars well
Recent data show that Americans are steadily moving out of some higher‑tax, higher‑cost states into jurisdictions with lower overall tax burdens and housing costs. While the decision to move is never only about taxes, migration trends are making it clear: tax policy and cost of living matter more than ever for both individuals and business
The IRS has significantly expanded its online Business Tax Account, opening secure digital access to a much wider range of entities, including partnerships, federal, state and local governments, Indian tribal governments, and tax‑exempt organizations in early April 2026. These organizations (plus some others which already were granted access) can now use the platform to view
Victor Garrido is honored to be recognized by Forbes as a Best-in-State CPA for the second year in a row (2025 and 2026), following his inclusion in the inaugural Forbes Top 200 CPAs in America list and recognition as a 2025 '40 Under 40' by CPA Practice Advisor, among others. While this recognition is appreciated,
One of the most common — and costly — mistakes taxpayers make is waiting too long to respond to a tax notice. Across federal and state tax systems, the time allowed to challenge an income tax assessment is strict, jurisdictional, and unforgiving. Missing a deadline often means the assessment becomes final, regardless of merit. Below
