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Hanging on by a Thread, Some NJ Restaurateurs Fear the Worst This Winter

October 27, 2020

NEW JERSEY — During the typical holiday season, hundreds of thousands of dollars flow through the Rail Yard Tavern in Fairlawn.

From Thanksgiving to New Years, hundreds bustle in and out of the restaurant every weekend. By this time, its 186 seats are reserved months in advance for Christmas parties, one of the most lucrative times of the year. 

But not this year.

“We ...

State Regulators Raise the Curtain on Liquor Industry’s Dirty Little Secret

October 23, 2020

There is no question that the liquor industry has held a tight monopoly in New Jersey for decades.

That is glaringly evident for any business that attempts to grow in this heavily-regulated marketplace, quickly shot down by an anti-competitive state law that bans any entity from having more than two retail liquor licenses.

The chain store liquor industry has found a way ...

IRS: People with foreign accounts reminded of the extension to file 2019 FBAR by Oct. 31, Dec. 31 if impacted by certain natural disasters

October 29, 2020

The Internal Revenue Service reminds U.S. citizens, entities and resident aliens with a foreign bank or financial account that they have until Oct. 31, 2020, to file their 2019 Report of Foreign Bank and Financial Accounts (FBAR).

The IRS coordinated the extension from the usual Oct. 15 deadline with the Financial Crimes Enforcement Network (FinCEN) for this year only to filers for 2019 ...

The Jaffe Briefing - October 29, 2020

STATEWIDE – Going to work may drastically change for you, beginning at 6 a.m. next Thursday. That’s when Gov. Phil Murphy is cracking down on unsafe workplaces. Now it will be mandated that workers socially distance, wear masks and have adequate break times to wash their hands. Employers will need to step up, big time, providing the masks and sanitizer, conducting daily health checks ...