The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime pay, you likely have questions about whether you’re eligible for a deduction and how big it might be.

The IRS has issued guidance on how workers can determine the amount of their deductions for 2025, because employers aren’t required to provide detailed information on tips income or overtime compensation until the 2026 tax year. Here’s an overview of what you need to know.

The City of Philadelphia has announced significant changes that will affect every business operating within the city. In a December 10th notice, the Department of Revenue confirmed that the long-standing Business Income and Receipts Tax (BIRT) exemption and the Use and Occupancy Tax (U&O) exemption will be eliminated. These updates expand filing requirements and may increase tax obligations for thousands of taxpayers.

Brinker Simpson & Company, LLC, the region’s premier accounting and financial advisory firm, is pleased to welcome Michael Senatore, CPA, to our team as a Senior Audit Manager.

With Notice 2025-67, the IRS has released the inflation-adjusted retirement plan contribution limits for 2026. While the increases are more modest than in recent years, many key limits will still rise, giving some taxpayers additional room to build long-term savings.

Brinker Simpson & Company, LLC is proud to recognize Greg Hartwig as he concludes his internship with our Audit Department.

A Finance major at West Chester University, Greg joined Brinker Simpson after hearing about the firm’s strong team culture and collaborative environment. Originally from Lansdale, Pennsylvania, he brought curiosity, professionalism, and a genuine enthusiasm for learning throughout his time with us.

For 14 years, Brinker Simpson has helped ensure Delaware County families have food on the table during the holiday season.

This October, our team, clients, friends, and family came together for the Annual Frank Baldino Food Drive, continuing a firm tradition that embodies the spirit of giving back. Together, we collected nonperishable food items for local families, filling an entire box truck for the Share Food Program, one of the region’s largest hunger-relief organizations that supports more than 100 local pantries.

Brinker Simpson & Company, LLC, the region’s leading accounting and financial advisory firm, is pleased to welcome Georgelian “Georgie” Ortiz to the team as a Tax Associate.

The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include new information return and payroll tax reporting rules. Let’s take a closer look at what’s new beginning in 2026 — and what businesses need to do in 2025.

We’re proud to continue a Brinker Simpson tradition that reflects the spirit of giving back: the Annual Frank Baldino Food Drive, which runs now through October 31st.