Understanding the New Overtime Tax Policies in the Big Beautiful Bill
Manage episode 493919005 series 3642493
In this week's episode of OK at Work, attorneys Sarah Sawyer and Russell Berger break down the recently passed 'big, beautiful bill' and its implications for employers and employees regarding new tax policies on overtime wages. They discuss the tax breaks available under the FLSA, the changes in reporting requirements for W2 forms, potential challenges for employers, and how these changes might affect overtime work incentives. Tune in to find out how to manage these new regulations efficiently.
00:00 Introduction to the Big Beautiful Bill
00:28 New Tax Policies on Overtime Wages
01:31 Employer Responsibilities and Compliance
02:48 Practical Implications for Businesses
04:01 Conclusion and Final Thoughts
35 episodes