Insights

IRS Announces 2025 Tax Bracket Adjustments

This week, the Internal Revenue Service (“IRS”) announced its annual inflation adjustments for tax year 2025. The IRS announces similar adjustments each fall. The annual changes have been more significant in the last couple of years due to the high rate of inflation following the pandemic. However, the increase to the income thresholds for the 2025 tax brackets is the smallest change in several years. For tax year 2023, the adjustment to the income thresholds was 7%, for tax year 2024, it was 5.4%, and for tax year 2025, it is approximately 2.8%.

Colleen Spain

New York Retail’s New Frontier: The Shift from Leasing to Owning Space in a Changing Market

It is no secret that the retail market has faced significant challenges over recent years. With the rise in e-commerce came a prediction of the decline of the brick and mortar retail store. This prediction was reinforced with major retail brands, such as Barneys, Lord & Taylor, and Century 21 facing bankruptcy. Pair that with shrinking discretionary budgets, a global pandemic and ever-changing consumer preferences, many claimed the retail sector was on its death bed. Instead, what we have seen is an industry that is well versed at adaptation and continues to navigate these changes.

Kylie R. Springs

Good Cause or Gamesmanship: A Review of “Good Cause” in the Commercial Division

As my colleague, Matt Donovan, recently blogged, it is essential for litigants to “play[] nice in the litigation sandbox” or risk facing the ire of the Justices in the Commercial Division. Many litigants might think they are playing “nicely” by asserting “good cause” in their arguments. But what does it actually mean to have “good cause”? As illustrated by some recent decisions by Manhattan ComDiv Justice Robert Reed, a finding of good cause will depend on the circumstances, evidence, and respective law.

Giuseppe Chiara

Stockholders’ Agreements for Startups: When to Sign, When to Skip

I’m often asked by clients whether startups should have a separate stockholders’ agreement among the founders. The answer largely depends on whether they have or will have certain other startup documents in place.

Alon Y. Kapen