January 2 – 2026 Newsletter

January 2 – 2026 Newsletter

OBBB: How to take advantage of no tax on tips and overtime The One, Big, Beautiful Bill has a significant effect on federal taxes, credits and deductions. Millions of taxpayers reported earning tips and overtime on their tax returns, many of them are veterans and...
January 2026 Newsletter

January 2026 Newsletter

IRS Announces Mileage Rate Changes It’s important and complex: the annual change notice for mileage rates for business. The rules can get confusing, and there are choices you need to make based on your situation. Click through for an overview of how the...
November 2025 Newsletter

November 2025 Newsletter

IRS Provides Penalty Relief from Reporting Requirements of Big Beautiful Bill The IRS recently announced penalty relief to employers for tax year 2025 for reporting requirements under the One Big Beautiful Bill Act (OBBBA) for qualified overtime compensation and cash...
October 2025 Newsletter

October 2025 Newsletter

Rules Finalized for Roth Catch-Up Contributions in 401(k) Plans The IRS and the Treasury Department have finalized regulations — and a start date — regarding Roth (after-tax) catch-up contributions in 401(k)s and other retirement plans implemented by the SECURE Act...
September 2025 Newsletter

September 2025 Newsletter

Understanding the New Tax Break for Overtime Pay  By law, nonexempt employees — whether paid hourly or salaried — must be paid at least 1.5 times their regular rate of pay for all hours worked over 40 in a workweek. The One Big Beautiful Bill Act introduces a tax...