Beginning in tax year 2025, a new federal tax policy will allow millions of hourly workers to deduct a portion of their overtime pay and cash tips from their taxable income — potentially reducing their annual tax bills by thousands of dollars.

In part 1 of my 2-part article I addressed the key strategies for having a smooth peer review. I now discuss things you can do once the peer review has begun to have it proceed without a hitch.

When accounting firms merge or acquire other firms, or simply entertain the prospect of merging, employees can experience feelings of anticipation, anxiety and fear of the unknown. Managers and firm leadership must balance that with growing the firm.