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Japan (and Slovenia) Become "Qualifying Countries"

Client Alert | less than 1 min read | 08.05.16

To implement recently executed reciprocal defense procurement agreements with Japan and Slovenia, DoD on August 2 issued a final rule adding both countries to the list of 23 other “qualifying countries.” This designation will open DoD procurements to products from these countries, allow U.S. defense contractors to incorporate manufactured components from those countries into their end products as if they were U.S. manufactured components, and obviate specialty metal restrictions regarding those countries and their end products and components.

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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....