Last week, the Supreme Court of the United States struck down many of the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) during the Trump administration. Since then, many importer clients have asked whether the government will refund the tariffs they previously paid and, if so,…
The U.S. Supreme Court has ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. The decision held that tariffs imposed under IEEPA exceeded statutory authority, including the Reciprocal Tariffs introduced in April 2025, as well as tariffs imposed on Canada,…
LMC is incredibly proud of our employees and their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: Pizza Party On Thursday, February 19, we had a team luncheon catered by Rosie’s Kosher Pizza, featuring pizza,…
Gold and other precious metals periodically draw increased attention during times of inflation, market volatility, or geopolitical uncertainty. Gold reached new record highs in late January 2026 and experienced heightened volatility and pullbacks in early February 2026, renewing discussion about its role in diversified portfolios. Understanding how…
The U.S. Postal Service (USPS) recently updated its operating manual to clarify how postmarks are applied and what they represent. The USPS emphasized that this clarification does not change existing postal operations. Instead, it explains that a postmark date reflects when USPS processes the mail, which may not…
We’re proud to announce that the firm has named four new Partners and we have promoted several outstanding team members across the firm. These individuals have demonstrated leadership, expertise, and a deep commitment to client service and team development. Meet Our New Partners Nick Grgas – Partner…
The U.S. Supreme Court is reviewing a case that could significantly reshape presidential authority over trade. At the center of the dispute is whether President Trump exceeded his legal powers under the International Emergency Economic Powers Act (IEEPA) by imposing sweeping tariffs on imports without a declared national…
The Trump administration is expected to introduce a proposal that could make it easier for first-time homebuyers to access their 401(k) savings for a down payment, without incurring the usual 10% early withdrawal penalty. What’s Being Proposed? While full details have not yet been released, the proposal…
LMC is incredibly proud of our outstanding employees for their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: LMC Holiday & Awards Event On December 22, LMC hosted its annual holiday party at Gotham Hall,…
Key changes to 401(k) catch-up contributions are on the horizon. Starting in 2026, updates from the SECURE 2.0 Act will affect how and when older workers, particularly high earners and those in their early 60s, can make additional contributions toward retirement. Catch-Up Contributions: The Basics Catch-up contributions…
