2026 Minimum Compensation for Exempt Licensed Physicians/Surgeons and Computer Software Engineers
In addition to minimum wage increases, with the new year employers must increase minimum compensation for licensed physicians/surgeons and computer software professionals who are exempt from overtime.
Updated Guidance for Employers Regarding 2025 Reporting Obligations for Qualified Tips and Qualified Overtime Compensation Under the One Big Beautiful Bill Act
As summarized in a prior legal update, the federal One Big Beautiful Bill Act impacts employers in a variety of ways. On November 5, 2025, the Internal Revenue Service and US Treasury Department provided updated guidance regarding employer reporting obligations for the 2025 tax year.