Tax Talk with Josh Wykle – The Big Beautiful Bill & Overtime Deductions: What's the Tea in L&E?
The Federal Tax Deductions for Tips and Overtime Pay: Opportunities for Restaurants Employers
The Impact of One Big Beautiful Bill on Estate Planning
FAA Forces Major U.S. Airlines to Cut Flights as Shutdown Continues - As the federal government shutdown continues, the Federal Aviation Administration said that it is forcing airlines to cut 10 percent of their flights at...more
The Internal Revenue Service (IRS) issued a guidance this past Wednesday (Notice 2025-62) that provides penalty relief for employers and certain of the reporting requirements that made their way into the Trump...more
The OBBB Act also includes provisions which expand some workplace benefits, including broader use of health savings account (HSA) funds, increased dependent care flexible spending account (FSA) annual limits, expanded...more
As the higher education community and regular REGucation readers know, the One Big Beautiful Bill Act (or “OB3”) introduced several significant provisions affecting colleges, universities, and the broader higher education...more
In keeping with the Trump Administration's goals of permitting reform, the Council on Environmental Quality (CEQ) on Sept. 29, 2025, issued an updated guidance memorandum to the heads of federal agencies regarding...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Two of the new and important tax changes made by the One Big Beautiful Bill Act (OBBBA) allow the full and immediate expensing of certain business assets placed in service during the taxable year. This occurs under changes...more
Welcome to the Eyes on Washington: Shutdown Briefing. During the federal government shutdown, we will be sharing concise, client-focused updates to help you stay informed on key developments, legislative dynamics and...more
THE BIG BEAUTIFUL BILL – HOW DOES IT AFFECT TAX TREATMENT FOR PROFESSIONAL SERVICES FIRMS? The One Big Beautiful Bill Act was signed into law on July 4, 2025 following weeks of contentious debate. If your professional...more
True to President Trump’s campaign promise, the “one big, beautiful bill” allows a limited deduction for tip income, but the mantra “no tax on tips” is not quite accurate. In this episode, McGlinchey Tax attorney Douglas...more
Welcome to IMpact: Investment Management News. In this regular bulletin, DLA Piper lawyers share their insights on key developments that are impacting the investment management industry. ...more
Government shuts down. Early in the week, President Trump met with Democratic leaders Schumer (NY) and Jeffries (NY) and Republican leaders Thune (SD) and Johnson (LA), but no deal was reached to keep the government open...more
Government Shutdown Outlook: On Sept. 29, House and Senate majority and minority leaders, also known as the “Big 4,” met with President Trump to discuss the imminent federal government shutdown. The meeting ended without an...more
The National Telecommunications and Information Administration (NTIA) and Federal Communications Commission (FCC) recently outlined their plans to meet obligations under the One Big Beautiful Bill Act (OBBBA) at NTIA's annual...more
Here are the top ten items you should tackle in October 2025, based on the latest workplace law developments and upcoming critical compliance dates...more
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (“OBBBA”), which enacts significant changes to federal tax provisions. Among the changes, OBBBA adds “qualified sound recording productions” as a...more
During a September 9 meeting, Treasury official Kenneth Kies told lawmakers that the Treasury Department would support reviving the proposed Section 899 “revenge tax” (discussed here) if the Organization for Economic...more
The One Big Beautiful Bill Act (OBBB) was signed into law on July 4, 2025. With far-ranging impacts on taxation and spending, the OBBB will have significant effects on many benefit and compensation plans....more
The One Big Beautiful Bill Act (OBBB) was signed into law by President Donald J. Trump on July 4, 2025. Among many changes, the bill established new federal grant and loan programs, re-allocated the funding of existing...more
Trump Administration Releases Spring Unified Agenda of Regulatory and Deregulatory Actions On September 4, 2025, the administration released its long-awaited 2025 Spring Regulatory Agenda, which lists the aspirational...more
Both Convergence and Divergence Seen in Emerging State Climate - Disclosure Bills A wave of climate-related disclosure bills in California, New York, Colorado, New Jersey, and Illinois share a common architecture yet...more
The Treasury Department this week released a “preliminary list” of occupations that may be entitled to claim the “no tax on tips” deduction. As a reminder, the “One Big Beautiful Bill Act” (OBBBA) provides an above-the-line...more
Welcome to our eighth issue of Currents 2025. Extending the Lives of Fossil Fuel Power Plants Based on Arguably Tenuous Assumptions May Increase Power Prices - In July, the Trump administration’s Department of Energy (DOE)...more
With an effective date of September 2, 2025, New Beginning of Construction guidance will be prospective and not apply to projects that satisfied beginning of construction under old IRS guidance before September 2, 2025. ...more
As predicted following its passage and signing into law in early July, the One Big Beautiful Bill Act (OBBA) has resulted in a surge in job applications at Immigration and Customs Enforcement (ICE) and Customs and Border...more