The Working Families Tax Cut, signed into law earlier this year, introduces several compliance changes that will impact payroll and tax filing for the 2025 tax year. This episode features Tanner Arnold, Staff Program Manager on the Intuit Payroll team, who dives into the specifics. Learn about the provisions for "no tax on tips" and "no tax on overtime," understanding the critical distinction between qualified and non-qualified tips and overtime.

Tanner explains what accountants need to know about these changes and discusses what resources Intuit is providing to accountants and their clients. The episode also touches on future changes for 2026, including the introduction of new retirement accounts, and what you can do today to prepare for these new compliance requirements. For full show notes, visit firmofthefuture.com