Groom: In Brief

The IRS issued initial guidance regarding how Trump accounts work.  As a reminder, Trump accounts, created under the One Big Beautiful...

The IRS has resumed normal operations following the conclusion of the government shutdown.  The IRS has fully resumed processing:...

Employees (and their tax advisors) have been eagerly awaiting guidance on how to take advantage of the promised “no tax on tips and...

Finally – the 2026 Qualified Plan and IRA Limits are here - see Notice 2025-67.  Most notably, for the new Roth catch-up requirement, the...

On Thursday, the Trump Administration announced agreements with pharmaceutical manufacturers Eli Lilly and Novo Nordisk to reduce the...

Notice 2025-62 provides welcome transition relief for 2025 W-2 and 1099 reporting of overtime and tips. Under the One Big Beautiful Bill...

Last Friday, the IRS released the indexed PCORI fee amounts for plan and policy years that end on or after October 1, 2025 and before...

Background Starting January 1, 2026, Minnesota will provide job-protected paid family and medical leave (“PFML”) for employees’ own...

On October 17th, the Maryland Department of Labor (“DOL”) released guidance on the state's paid Family and Medical Leave Insurance...

It is easy to make inadvertent math errors when filing tax returns. But these minor missteps could result in IRS adjustments and delayed...

On October 11th, California's Governor Newsom signed SB-41, a sweeping bill aimed to reduce prescription drug prices by regulating the...

Today is HSA Day, a day created to promote the benefits of HSAs!  As HSA enthusiasts, we are happy to join in on the celebration with...