President Trump signed in the One Big Beautiful Bill Act into law on July 4th 2025.
This legislation affects employers and payroll departments across the national, as everything from taxation to W-2 reporting changes. For example, due to the OBBBA, many forms were updated, such as the Form 941 and W-4.
This training session provides a complete overview of all aspects of OBBBA, including the form changes and how employers manage the changes to be compliant.
What You'll Learn:By attending this training session on the OBBBA, your will learn: about
- The permanent extension of the Tax Cuts and Jobs Act
- What does "no tax on tips" mean, and how will employers implement it for their tipped employees
- Overtime taxation changes
- Details on increases in Form 1099-MISC and Form 1099-NEC reporting thresholds
- Updates to personal exceptions and child tax credits
- Updates to transportation and moving expense taxation
- Form 941 and W-4 updates
- Review W-2 reporting in 2026
- What is retroactive back to Jan of 2025
- How reporting in 2026 will look different
...plus many more updates on things like the new Trump accounts, student loan changes, and employer meals.