Latest News Stories

Governor Murphy signed Executive Order No. 183, which loosens restrictions on retail businesses including restaurants and movie theaters. The Order allows the resumption of indoor dining at restaurants (25% capacity), effective Friday, September 4. The Order also allows movie theaters and other indoor entertainment venues to reopen as long as they comply...

President Trump issued an Executive Order on August 8, 2020 that directs the Department of the Treasury to temporarily suspend withholding of the payroll tax from September 1, 2020 through December 31, 2020. The Order leaves many questions unanswered and Treasury is expected to soon issue guidance that provides...

The New Jersey Motor Vehicle Commission (NJMVC) has recently confirmed that it is taking a minimum of 30 days and, in some cases, as long as 6-8 weeks, to issue new Corp Codes, also known as Entity Identification Numbers (EIN). It is critical that any dealership selling a vehicle to...

The Food & Drug Administration (FDA) has put together a growing list, warning of toxic ingredients in some hand sanitizers. Dealers can check the list at the following link to review products that the FDA states should NOT be used.

The IRS recently issued temporary and proposed regulations on the recapture of excess employment tax credits under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The regulations cover the reconciling of advance payments of the acts’ refundable employment tax credits and...

Wholesale Auto Supply Co. (WASCO), an automotive supply, equipment and services provider, recently installed a 125-panel rooftop solar energy system that went online July 18, 2020. The system will generate nearly 99% of the electrical needs of the company’s 30,000-square-foot headquarters in South Hackensack. An independent audit found that WASCO’s...