DoD: Acquisition Shows Improvement (But Still Needs It)
Client Alert | less than 1 min read | 10.27.16
On October 24, 2016, DoD released its annual report on the performance of the defense acquisition system – the fourth in a series continuing a “long-term effort to bring data-driven decision making to acquisition policy.” Generally, the report discusses many areas in which acquisition has improved (e.g., cost control) or is doing better than perceived (e.g., high-level program requirements, acquisition cycle times, private sector profitability), but it also highlights areas where improvement is needed (e.g., competition rates (which fell in FY 2015) and utilization of small business subcontractors (which “has been declining since FY 2010”)).
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Client Alert | 4 min read | 08.21.25
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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