Thanks Alitia. Happy to be here today with Jed. We are going to discuss the new One Big Beautiful Bill Act and, specifically, some of the federal tax deductions that apply...
The One Big Beautiful Bill Act contains new, temporary laws, including available tax deductions for earnings on tips for tipped employees and overtime wage earnings of all employees.
INTRO
The One Big Beautiful Bill Act contains new, temporary laws, including available tax deductions for earnings on tips for tipped employees and overtime wage earnings of all employees.
On this episode of We get work, we discuss the relevancy of the temporary tax deductions and the big picture practical implications for employers, particularly to restaurants and other businesses that employ tipped workers.
Today's hosts are Adam Gross, principal in the firm's New York City office, and Jed Charner, associate in the firm's Washington, D.C. Region office.
Adam and Jed, the question on everyone's mind today is: What are the deductions, what should employers keep in mind, and how will that impact my business?
Adam Gross
Principal, New York City
Thanks Alitia. Happy to be here today with Jed. We are going to discuss the new One Big Beautiful Bill Act and, specifically, some of the federal tax deductions that apply, with a focus on the restaurant industry in particular.
As we kick this off, Jed, maybe you can tell everyone what specifically we're talking about and what the broad strokes of the bill are as they apply to...
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