DHS Clamps Down On Lead System Integrators
Client Alert | less than 1 min read | 07.23.10
On July 15, 2010, the Department of Homeland Security issued an interim rule which mirrors a DoD rule, restricting contractors from acting as lead system integrators in the acquisition of DHS major systems if they have direct financial interests in the development or construction of individual systems or elements of any system that they integrate. Effective immediately, the rule contains several exceptions and also provides detailed definitions of lead system integrators and direct financial interests.
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FLSA Overtime Reporting and Withholding
The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025.
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