A new federal law, officially titled the One Big Beautiful Bill Act, has introduced significant tax changes that directly impact employers in service-based industries. The legislation, signed into law on July 4, 2025, offers new income tax deductions for employees who earn tips and overtime pay, while also expanding tax credits for certain
employers. Businesses that rely on tipped or hourly labor should take a close look at how these changes affect their operations.
Tip Deductions for Employees, But Reporting Still Matters
Chicago Business Attorney Blog










