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What You Should Know in the New Era of Transparent Internal Audits

Client Alert | less than 1 min read | 04.30.12

At the urging of GAO, DOD will soon be adopting policies requiring greater access to defense contractors' internal audit reports. Register for a free webinar hosted by Crowell & Moring and Grant Thornton on Thursday, May 17 (1 PM EDT), during which they will discuss GAO's recommendations, new developments, and best practices.


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....