While the One Big Beautiful Bill Act made headlines for tax and spending cuts, it also contains significant changes to the federal government’s treatment of COVID era Employee Retention Tax Credit (ERC) claims — many of which...more
8/5/2025
/ CARES Act ,
Constitutional Challenges ,
Coronavirus/COVID-19 ,
Due Diligence ,
Employee Retention ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
One Big Beautiful Bill Act ,
Penalties ,
Popular ,
Statute of Limitations ,
Tax Credits
Competing House and Senate bills have the potential to reshape how the IRS taxes tips and overtime wages. The Senate recently passed the “No Tax on Tips Act” while the House budget reconciliation bill proposes deductions for...more
5/29/2025
/ Fair Labor Standards Act (FLSA) ,
Income Taxes ,
New Legislation ,
Over-Time ,
Payroll Taxes ,
Proposed Legislation ,
Reporting Requirements ,
Tax Credits ,
Tax Deductions ,
Tax Reform ,
Tip Credit ,
Tipped Employees
Five years and two presidential administrations later, tensions remain — with the IRS and tax credit applicants — over the pandemic-era Employee Retention Tax Credit (ERC).
While the IRS has been continuing a Biden-era...more