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On July 4, 2025, President Donald Trump signed H.R. 1, also known as the “One Big Beautiful Bill,” into law. At nearly 900 pages, this comprehensive legislation included the No Tax on Tips Act, which significantly changes how tips are taxed in America.
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Given the choice of adding more in-house staff or contracting third-party personnel to complete tasks, more and more organizations find co-sourcing is a better alternative. The Business Dictionary defines co-sourcing as "the combining of services from within and outside a business to achieve the same goal."