Beginning in 2026, the SECURE 2.0 Act imposes new requirements on higher-income employees making catch-up contributions to certain employer-sponsored retirement plans. Workers age 50 or older whose prior-year wages exceed the income threshold can make catch-up contributions only as after-tax Roth contributions. This article discusses the changes and the implications for higher-income taxpayers.
The One Big Beautiful Bill Act (OBBBA) reinstates the immediate deduction for domestic research and experimental (R&E) expenses beginning in 2025, reversing prior amortization requirements. This change may create meaningful tax savings and new planning opportunities for some businesses, including accelerated recovery of prior-year R&E costs and enhanced incentives for U.S.-based research activities.
New IRS reporting requirements impact how certain digital asset transactions are reported to the IRS. Beginning with the 2025 tax year, brokers generally must use the new Form 1099-DA to report gross proceeds from the sale or exchange of certain digital assets. This article explains what it means for investors and why accurate recordkeeping remains essential.
Employee engagement may not be as strong as it appears. This article explores why engagement requires ongoing attention, and how employers can take practical steps to measure, understand and strengthen workforce engagement.