Overview
Review of the permanent extension of the Tax Cuts and Jobs Act.
What does it mean “no tax on tips” how will employers implement for their tipped employees.
Overtime taxation changes and how will employers manage the changes.
Details of increases in Form 1099-MISC and Form 1099-NEC reporting threshold.
Updates to personal exceptions and child tax credits.
Updates to transportation and moving expense taxation.
Plus many more updates that include Trump accounts, Student loan changes and employer meals.
Why you should Attend
On July 4th, 2025, President Trump signed in the One Big Beautiful Bill Act into law. This legislation is sweeping legislation that impacts all aspects of the United States. However, there are major impacts coming to employers and payroll departments across the national. Everything from taxation to W-2 reporting changes that was retroactive back to Jan of 2025. This session will do a complete overview of all aspects of the act and how employers can prepare for changes that will need to comply with by the end of 2025.
Areas Covered in the Session
- Overview of the OBBBA
- Permanent Extension of the Tax Cuts and Jobs Act (TCJA)
- Overtime Taxation changes
- Tips Taxation Changes
- Fringe Benefit Changes
- Other employer notable tax changes
- Reporting Changes
Who Will Benefit
- Payroll Professionals
- Tax Professionals
- HR Professionals
Speaker Profile
Dayna Reum ,CPP, FPC is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field for over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona, Pennsylvania, and Illinois State Payroll Conferences. Topics include Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, and International and Canadian payroll.
Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments, Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
Instructor
Dayna J. Reum