Does CAS Make Sense?
Client Alert | 1 min read | 06.22.20
Partner Nicole Owren-Wiest appeared on an episode of Baker Tilly’s Fed Talks podcast to discuss Cost Accounting Standards. The episode addresses questions about the background and theory behind CAS, whether CAS successfully establishes the original mission of the CAS Board, and what contractors can do to ensure success when they make cost accounting practice changes.
Click below to listen via the embedded player or access from one of these links:
Baker Tilly | Apple Podcasts | Google Podcasts
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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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