The passage of the One Big Beautiful Bill Act (OBBBA) has introduced some of the most significant payroll-related tax changes employers have seen in years. While many of the headlines have focused on individual tax savings, employers are responsible for implementing...
Treasury and IRS recently issued final regulations on the “No Tax on Tips” deduction. These regulations list more than 70 occupations from tipped workers, to bartenders and water taxi operators. Qualified tips must meet these requirements: Must be received from...
The One Big Beautiful Bill Act (OBBBA) has been getting a lot of attention—especially for its promise of tax relief on overtime and tips. But for small business owners, the real impact goes far beyond taxes. While there are some potential benefits, the day-to-day...