Employers Should Be Aware of Significant Changes in New Tax Law

OMA Connections Partner, Calfee, writes: “… the TCJA (Tax Cuts & Jobs Act) … includes several significant changes about which employers should be aware. These changes include the elimination of a tax deduction related to nondisclosure agreements in sexual harassment settlements, a tax credit for providing paid family and medical leave, and changes to employee income tax withholding tables, together with a pending revision of Form W-4. Employers of every size will be affected by these changes, …”