The rule has limitations, and the IRS has yet to provide clear guidance on how companies should report qualified overtime ...

The introduction of the Tax Cuts and Jobs Act (TCJA) has significantly altered how you approach your tax deductions. One of ...

On July 4, 2025, President Donald Trump signed the “One Big Beautiful Bill” into law. Among its sweeping provisions are two significant changes for wage and hour compliance that employers should be ...

The Act creates a temporary deduction for tipped workers (employees and self-employed individuals) for “qualified tips.” Starting this year through 2028, tipped workers may be able to deduct up to $25 ...

Certain workers may now be able to keep more of what they earn, but what does “no tax on tips” really mean for employees and their employers? The “One Big Beautiful Bill” recently passed by the U.S.

Just when you thought you knew your federal income taxes, here comes a curveball: Key tax breaks are disappearing in 2026. During his first presidency, Donald Trump signed the Tax Cuts and Jobs Act ...

Entrepreneurs have no shortage of responsibilities — or business expenses — that can often feel overwhelming, especially during tax season. Fortunately, small business owners are often eligible for ...

The current tax law since 2017 has eliminated employee business expenses as an itemized deduction. But, if you own a business taxed as a C or S corporation, there is a way for the business to deduct ...