OBBBA’s Not-So-Beautiful Overtime and Tip Reporting Requirements
The 2025 federal budget law “One Big Beautiful Bill Act” (OBBBA) created two temporary federal income tax deductions that rely on employer information reporting: (i) a deduction for qualified tips (IRC §224) and (ii) a deduction for qualified overtime compensation (IRC §225). Both apply to taxable years beginning after December 31, 2024, and each terminates […]
California Employers Must Provide Employees and New Hires the Opportunity to Name an Emergency Contact by March 30, 2026
The California Legislature recently passed the “Workplace Know Your Rights Act (“Act”).” The Act requires employers to provide an annual workplace rights notice to employees focused on protection against immigration-related practices. While this new notice requirement contained in the Act has been widely publicized, another notice requirement was enacted as part of the Act to […]