Webinar: OBBBA’s Impact on Construction and Real Estate

This webinar provides an overview of recent tax changes, including updates to overtime rules, 1099 reporting thresholds, and meals and entertainment deductions. We’ll also discuss capital gains, SALT caps, and business interest expense limitations, highlighting their potential impact on businesses.

Navigating New Tip, Overtime, and 1099 Rules Under OBBBA

Learn about the series of payroll-related changes that are taking effect under the One Big Beautiful Bill Act (OBBBA), beginning in 2025. The law introduces new tax deductions for tips and overtime pay, and it adjusts the reporting thresholds for issuing 1099 forms.

2025-08-13T14:37:18-04:00August 5, 2025|Categories: Tax Alert, Tax: Business, Tax: Individual|Tags: |

New W-2 and 1099 E-Filing Requirements for Employers in 2023

On February 23, 2023, the IRS significantly expanded electronic filing requirements for tax returns. This article focuses on the most common type of information returns–W-2 and 1099 series return filings–but the new requirements also apply to other types of returns.

2023-07-21T11:28:27-04:00July 21, 2023|Categories: Tax: Business|Tags: |

Virginia Employment Laws Expanded to Require New Hire Reporting of Independent Contractors

A new but perhaps little-known law in the State of Virginia requires that all employers, labor organizations, and hiring halls report information about newly hired independent contractors to the state’s New Hire Center.

2020-12-23T09:01:45-05:00November 11, 2020|Categories: Tax: Business|Tags: , |
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