The "One Big Beautiful Bill," formally known as the One Big Beautiful Bill Act (OBBBAA), significantly impacts the workplace through tax cuts, changes to deductions, and potential impacts on employment and the economy. It extends or modifies elements of the Tax Cuts and Jobs Act (TCJA) and introduces new provisions like no tax on tips and overtime pay, while also impacting payroll and HR departments due to the need to track and report these changes.
The "One Big Beautiful Bill Act" is a comprehensive piece of legislation with significant implications for the American economy and the workplace. It aims to boost the economy through tax cuts and business incentives, but it also introduces changes to federal spending programs and potentially increases the national debt, says the Committee for a Responsible Federal Budget. Both employers and employees will need to adapt to the changes introduced by this bill.
Why should you attend:
This overview will provide Employers with the information they need and should prepare them for what the new OBBBA is and how it impacts the workplace. Many of the laws will impact employees as well as Employers. This training will identify all the twists and turns of how the law will impact Employers, and they need to quickly explain how these taxes will play out to gain the positive aspects of the law while downplaying the negative implications.
The One Big Beautiful Bill is a comprehensive piece of legislation with significant implications for the workplace. While it offers potential benefits like increased take-home pay and job creation, it also presents challenges for employers in terms of payroll administration and navigating new tax regulations.
Areas covered in the session:
Who should attend:
Margie Faulk is a senior-level human resources professional with over 18 years of workplace compliance experience and HR consulting experience. A current Compliance Advisor for HR Compliance Solutions, LLC. Margie has worked as an HR Compliance advisor for major corporations and small businesses in the small, large, private, public, and Non-profit sectors. Margie’s new focus is to provide Employers and Professionals with risk management strategies to develop risk management strategies to mitigate workplace violations.
Margie has provided small to large businesses with risk management strategies that protect companies and reduce potential workplace fines and penalties from violations of employment regulations. Margie is bilingual (Spanish) fluent and Bi-cultural. Margie holds professional human resources certification (PHR) from the HR Certification Institution (HRCI) and SHRM-CP certification from the Society for Human Resources Management. Margie is a member of the Society of Corporate Compliance & Ethics (SCCE). Margie is also a SHRM Credit Provider offering SHRM-CP and SHRM-SPC credits for her training which major HR individuals need to maintain their certification credits.
