On July 4, President Trump signed the budget reconciliation bill (aka One Big Beautiful Bill Act) into law, indefinitely extending two key pre-pandemic benefits, described below. High Deductible Health Plans and Telehealth For high deductible health plans (HDHPs) that...
One Big Beautiful Bill Act
Understanding the New Federal Tax Law on Tips and Overtime: What Employers Need to Know and How to Prepare
Understanding the New Federal Tax Law on Tips and Overtime: What Employers Need to Know and How to Prepare The federal income tax exemption for tips and overtime pay—part of the “One Big Beautiful Bill Act” passed on July 3, 2025—is not just a policy change; it’s a...
“One Big Beautiful Bill Act” Brings Major Tax Changes for Individuals and Employers
The One Big Beautiful Bill Act (OBBB Act), signed into law by President Trump on July 4, 2025, introduces broad revisions to federal tax law—impacting individuals, employers, and payroll practices nationwide. Here’s a summary of key major tax changes you need to know:...