Steve Talkowsky Named NJBIZ 2026 Leader in Finance

By Whitney Irish

As a respected leader, Steve was recognized for his impact on the Firm’s Tax Services Team, contributing to the practice’s growth, and for his strong commitment to the mentorship and development of the teams he leads. He serves clients with global operations, advising on business taxation matters with deep expertise in Subchapter C, S corporation and partnership taxation.  With a focus on making complex tax matters accessible, he is…

The IRS Appeals Kwong: What It Means for Taxpayers, COVID-Era Interest and Penalty Relief and Why Waiting May Be Risky

By Allison Katz

The appeal many expected has arrived, but the real question is what comes next. For months, taxpayers and practitioners have wondered whether the IRS would ultimately accept the implications of Kwong v. United States or continue defending its interpretation of the COVID-era relief provisions under IRC §7508A(d). We now have part of that answer. The…

When Lawyers Work Abroad: Key Tax Risks to Watch

By Allison Katz

As global law practices and flexible work arrangements expand, lawyers are increasingly working outside their home jurisdictions. Whether driven by client needs, secondments, or remote work flexibility, these arrangements can quietly create tax residency and permanent establishment risks, often sooner than expected and without formal firm approval. Why Lawyers Attract Tax Scrutiny From a tax…

Cannabis Rescheduling Opens the Door to Federal Tax Relief and R&D Tax Credits

By Allison Katz

A recent shift in federal policy materially changes how certain cannabis businesses should evaluate their Research and Development (R&D) Tax Credit position. On April 22, 2026, the Drug Enforcement Administration (DEA) issued a final order rescheduling specific cannabis products from Schedule I to Schedule III under the Controlled Substances Act. This change applies primarily to…

The IRS Is Taking a Closer Look at Government Funded and Fiscally Sponsored Nonprofit Organizations

By Allison Katz

The U.S. Department of the Treasury announced on April 23, 2026, that the IRS is planning significant revisions to Form 990. While no immediate changes are in effect yet, this announcement provides direct insight into the IRS’s focus on providing greater transparency and stronger oversight, particularly for 501(c)(3) organizations receiving public funds or operating under…

What Microsoft’s Latest Copilot Changes Mean for Enterprise Licensing Strategy

By Allison Katz

Microsoft’s latest update to Copilot availability across Word, Excel, PowerPoint and OneNote is an important signal for enterprise leaders. More than a feature change, it clarifies the distinction between broadly available AI assistance and the premium, workflow-embedded experiences tied to Microsoft 365 Copilot licensing and deeper Copilot integration within core productivity workflows. Beginning April 15,…

Data Loss Prevention Best Practices: Governance, Visibility and AI Readiness

By Allison Katz

Data Loss Prevention: Guardrails for a World of Data Sprawl and AI For many CIOs and IT Managers, Data Loss Prevention (DLP) has moved from a discretionary security control to an operational necessity. The drivers are familiar: increasing compliance pressure, accelerating AI adoption and growing concern about how sensitive data is governed as information spreads…

Audits, Fines and Ransomware: The High Cost of ‘Good Enough’ IT in Healthcare

By Allison Katz

Healthcare organizations operate in a complex environment; stakes are high and there is no margin for error. Cybersecurity in healthcare is no longer just an IT concern – it directly impacts patient safety, regulatory compliance, and day-to-day operations. Protecting sensitive patient data, ensuring regulatory compliance, and supporting continuous care have never been more important.   When organizations settle for “good enough” IT solutions (systems and support/delivery) that merely meet minimum standards, they open…