Tag: Tax Incentives

No Tax on Overtime: What Employers Need to Know About the Proposed Tax Break

Last Updated on March 4, 2025 The “No Tax on Overtime” proposal by President Donald Trump has recently gained attention as part of broader fiscal discussions in the United States. This initiative aims to exempt overtime earnings from federal income taxation, potentially allowing employees to retain more of their additional work income. As this proposal […]

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IRS Halts New Employee Retention Credit Claims to Counter Fraud

Last Updated on September 25, 2023 On September 14, 2023, the Internal Revenue Service (IRS) announced an immediate suspension on the processing of new Employee Retention Credit (ERC) claims until December 31, 2023. This move comes as a response to a significant rise in fraudulent and suspicious claims. The moratorium aims to introduce stronger protective […]

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