Stronger Dollar Pushes Trade Agreements Act Thresholds Down
Client Alert | less than 1 min read | 12.17.15
On December 15, 2015, the U.S. Trade Representative published its biennial readjustment of the Trade Agreements Act thresholds expressed in "special drawing rights." The new dollar thresholds, effective for 2016-2017, will be approximately 6.4% lower than the current thresholds, going to $191,000 for most covered supply contracts and $7,358,000 for most covered construction contracts, with other adjusted thresholds applicable to certain free trade agreements.
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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.
Client Alert | 4 min read | 08.20.25
Client Alert | 15 min read | 08.20.25
Client Alert | 2 min read | 08.19.25
