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On May 7, 2026, the U.S. Court of International Trade (CIT) ruled against the imposition of 10% temporary global tariffs by the administration under Section 122 of the Trade Act 1974 by calling it “unlawful.” In a split 2-1 decision, the court found that the administration failed to meet the strict legal requirements of Section…
On April 22, 2026, the U.S. Department of Justice (DOJ), through the Drug Enforcement Administration (DEA), issued a final order rescheduling certain marijuana-related products from Schedule I to Schedule III of the federal Controlled Substances Act (CSA). While this action is limited in scope, it carries significant regulatory and federal tax implications, particularly for state-licensed…
It’s finally time for importers to take the first step in claiming IEEPA tariff refunds. This long-awaited move forward comes after the U.S. Supreme Court deemed IEEPA tariffs imposed by the president unconstitutional and the Court of International Trade issued a ruling for Customs and Border Protection (CBP) to refund duties imposed under IEEPA tariffs…
What the Hemp? is Withum’s newest podcast series, driving the conversation around the ever-evolving cannabis industry.
Innovation has always been at the heart of agriculture. From improving crop yields to advancing livestock health and developing more efficient production methods, agricultural businesses continuously invest time, resources and expertise to improve how food is grown, raised and delivered. What many companies do not realize, however, is that these efforts may qualify for a…
For CFOs and controllers running labor-intensive businesses, managing a compliant 401(k) plan is tough. Done incorrectly, it can trigger DOL penalties, disrupt payroll processes and undermine employee trust. Complex pay structures, high employee turnover, multi-location operations and decentralized HR functions all increase the likelihood of 401(k) operational failures. Here’s how industrial and consumer products companies…
