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Sequestration: What Does It Mean for Federal Contractors?

Client Alert | less than 1 min read | 06.06.12

On July 12, 2012, Crowell & Moring will present the webinar, hosted by L2 Federal Resources, "Sequestration: Preparing for Unprecedented Cuts to Federal Spending." A panel of C&M attorneys with expertise in government contracts, public policy, and employment law will discuss the Budget Control Act of 2011, which establishes a process known as "sequestration" (automatic, across-the-board spending cuts to defense and non-defense accounts), scheduled to go into effect in January 2013, and will provide an overview of the implications of sequestration for contractors.

Insights

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....