Tag: Tax Law

What Employers Should Know About ‘No Tax On Tips’

In its nearly 900 pages, the “One Big Beautiful Bill Act,” passed by Congress in July, includes a change to how tipped workers are taxed. The new “no tax on tips” provision is retroactive to the start of 2025 and runs through 2028. It allows eligible employees to claim an above-the-line deduction of up to […]

January Job Cuts Point to Changing Employment Marketplace

A recent report from outplacement consultancy Challenger, Gray & Christmas shows an uptick of job cuts in January compared to December. The total remains lower than the same month a year ago.