The passage of the “One Big Beautiful Bill Act” introduces sweeping changes to how employee tips and overtime compensation are treated for federal tax purposes. While these changes are intended to benefit workers, they also bring important considerations for employers, particularly in payroll reporting, compensation structure, and compliance with existing wage and hour laws. HR and finance professionals will need a clear understanding of the new requirements and potential compliance challenges.
This session will break down the key provisions of the new law, related specifically to no tax on tips and overtime, and provide practical guidance on what employers need to do now to prepare for the 2025 tax year and beyond.
Topics to be covered include:
- How the “No Tax on Overtime” provision works, including what qualifies as “required” overtime and the boundaries set by the FLSA.
- A detailed overview of the new “No Tax on Tips” deduction, including eligibility criteria, reporting requirements, and limitations.
- Impacts on tip pooling practices, service charges, and tip-reporting protocols
- New W-2 reporting obligations for 2025 and what systems and processes employers should review now.
This webinar is designed for HR professionals, finance leaders, payroll managers, and others responsible for compliance with wage and hour laws and tax reporting obligations.
Speaker:
Deirdre M. Hartmann, CPA
Partner
Nisivoccia
Pricing
$65 per registrant
Payment due in advance. A copy of the recording will be made available to paid registrants upon request and will be accessible for a period of three months following the live air date. No refunds will be provided.
Live session pre-approved for 1 HRCI & SHRM-CP/SCP recertification credit