Martin C. Daks

1 month ago | njbiz.com | Martin C. Daks

President Donald Trump‘s trade policies are sending some companies scrambling to revise their supply chain and other strategies, experts told NJBIZ. But it’s not an easy job. New tariffs are a moving target that can significantly increase the cost of imported goods, driving many businesses to reevaluate their supply chains and operational strategies.

1 month ago | njbiz.com | Martin C. Daks

Singer BJ Thomas had a hit in 1969 with “Raindrops Keep Falling on My Head.” Today though, tariffs keep falling on the heads of U.S. trading partners. How can businesses keep ahead of this? Import less, reshore more? Should inventory-heavy companies change their accounting methods (Last In, First Out vs First In, First Out) to reflect the change in pricing? A lot of eyes will be turned to the White House, observed Luis Abad, an international tax principal at KPMG.

1 month ago | njbiz.com | Martin C. Daks

Business owners celebrated when the Tax Cuts and Jobs Act of 2017 was introduced during President Donald Trump‘s first term in the White House. The TCJA offered some juicy incentives that put more money in business owners’ pockets, sparking investments in job creation, equipment and other assets. But the party could be over soon, with many TCJA provisions scheduled to expire at the end of this year.

Dec 1, 2024 | njbiz.com | Martin C. Daks

With a new U.S. president taking office, along with a shift in both houses of Congress, business owners are wondering if they’ll get some relief from burdensome health care insurance costs – or if premiums will spiral even higher. We asked some experts to weigh in on the question. Unlike some previous election years, health care “was not a big issue in the debates,” observed Joel Cantor, director of the Rutgers Center for State Health Policy.

Dec 1, 2024 | njbiz.com | Martin C. Daks

Three-quarters of New Jersey residents say they are either “somewhat” or “very” worried about the cost of health care services and unexpected medical bills, while more than 6-in-10 are “somewhat” or “very” worried about their monthly health insurance premium and prescription drug costs, according to a poll released in May by the New Jersey Health Care Quality Institute in partnership with the Rutgers-Eagleton Poll. NJBIZ spoke with experts about some of the causes and possible solutions.