As year-end closes in and you prepare for 2026, Yeo & Yeo’s Payroll Solutions Group would like to inform you of important payroll updates that will affect you and your employees next year.
Our 2026 Payroll Planning Brief includes several payroll changes that take effect in the coming year and items to consider before year-end. Most notably, under the One Big Beautiful Bill, employers may estimate and track qualified tips and overtime premiums using reasonable methods in 2025. While no changes are required to Form W-2 this year, these amounts should be reported separately—either on a separate document or manually in Box 14. Starting in 2026, employers will be required to report these amounts directly on Form W-2.
Watch Yeo & Yeo’s website and future eAlerts for new developments.
Need guidance on closing 2025, preparing for 2026 payroll, or meeting payroll deadlines? Contact Yeo & Yeo’s Payroll Serviced Group.