Asure Software Inc · NASDAQ:ASUR
Asure Software — Conference Presentation (July 2025)
19 slides from Asure Software's conference presentation, July 2025
Slide 1: OBBBA Explained
OBBBA Explained Understanding how the “One Big Beautiful Bill Act” changes payroll and HR compliance requirements for employers : ASUR 1
Slide 2: Today's Agenda
Today’s Agenda • SECTION 1: What Is the OBBBA and Why It Matters Now • SECTION 2: Employee tax returns vs payroll withholdings? • SECTION 3: Real-World Implications & Scenarios • SECTION 4: Employer Action Steps Mary Simmons Mike Vannoy VP HR Compliance, Asure CMO, Asure PHR, SHRM-CP Access to Capit
Slide 3: Section 1: What Is the OBBBA and Why It Matters Now
SECTION 1 What Is the OBBBA and Why It Matters Now 3
Slide 4: Overview of the OBBBA
“One Big Beautiful Bill Act” Overview of the OBBBA a.k.a. No tax on Tips and Overtime • Hourly employees who earn tips or work overtime ADDITIONAL MA JOR Who? • All businesses (Especially: Restaurants, hospitality, manufac., retail) OBBBA PROVISIONS WE’RE • Payroll providers responsible for wage rep
Slide 5: 3 Reasons Why This Matters for Employers
3 Reasons Why This Matters for Employers 1. Employees may expect larger paychecks 2. Employers still required to withhold taxes normally 3. Action needed in 2025 to avoid confusion and ensure year-end compliance Access to Capital. Staying Compliant. Managing Talent.
Slide 6: Section 2: Employee tax returns vs payroll withholdings?
SECTION 2 Employee tax returns vs payroll withholdings? 6
Slide 7: How the Law Is Structured
Employee tax returns vs payroll withholdings? How the Law Is Structured Codified under Subtitle A, Chapter 1 Does not amend IRC §3401 or §3402 (Applies to Form 1040) (No change to paycheck withholding) Access to Capital. Staying Compliant. Managing Talent.
Slide 8: What Is an Above-the-Line Deduction?
Employee tax returns vs payroll withholdings? What Is an Above-the-Line Deduction? An above-the-line deduction is a specific type of deduction you take on your IRS Form 1040 to reduce your Adjusted Gross Income (AGI) — before calculating other credits, taxes, or even whether you itemize deductions.
Slide 9: What the IRS Has (and Hasn't) Said
Employee tax returns vs payroll withholdings? What the IRS Has (and Hasn’t) Said ❖ No new updates to W-4 or Publication 15-T which explains how to apply W-4 withholdings • IRS issues new regulations modifying W-4 or withholding IRS guidance due • As of now, deduction-only seems the only plausible mo
Slide 10: Why else paychecks likely won't change?
Employee tax returns vs payroll withholdings? Why else paychecks likely won’t change? Employers don’t know Real-time phase-outs household aren’t possible and even if they did… • Single filers: $150,000 income • Joint filers : $300,000 Access to Capital. Staying Compliant. Managing Talent.
Slide 11: Section 3: Real-World Implications & Scenarios
SECTION 3 Real-World Implications & Scenarios 11
Slide 12: Scenario 1: Employee Misled by Media Coverage Files Complaint
Scenario 1 Employee Misled by Media Coverage Files Complaint Over “Missing” Tax Benefit Situation: Risk Under the New Law: A hotel front desk clerk earns overtime regularly. The employee doesn't understand that the OBBBA benefit is a deduction claimed at tax time, not a After hearing news headlines
Slide 13: Scenario 2: Misclassified Employee Works Overtime
SCENARIO 2 Misclassified Employee Works Overtime Situation: A small business promotes a warehouse team lead to a salaried position and assumes they’re exempt from overtime. But the employee’s actual job duties don’t meet the FLSA duties test for exempt status — they do hands- on work, not managerial
Slide 14: Scenario 3: Poor Tip Tracking Results in Underreporting and Legal Risk
Scenario 3 Poor Tip Tracking Results in Underreporting and Legal Risk Situation: A busy café relies on servers to self-report tips, which they jot down manually at the end of each shift. No one audits the totals, and pooled tips are often redistributed informally among the staff. Risk Under the New
Slide 15: Scenario 4: Incomplete OT Policy Leads to Frustration
SCENARIO 4 Incomplete OT Policy Leads to Frustration Situation: An auto repair shop allows flexible scheduling, and employees often stay late to finish jobs. There’s no formal overtime policy in the handbook, and managers rarely review timesheets closely. Risk Under the New Law: After the OBBBA beco
Slide 16: Employer Action Steps
SECTION 4 Employer Action Steps 16
Slide 17: What Employers Must Do NOW
What Employers Must Do NOW • Maintain standard withholding of federal income tax • Accurately track tips and overtime— regardless of method • Communicate with employees to ensure they understand the new law Access to Capital. Staying Compliant. Managing Talent.
Slide 18: Payroll & HR FLSA Compliance Prep Checklist
Payroll & HR FLSA Compliance Prep Checklist • Exempt vs. Nonexempt Classification • Unauthorized Overtime Procedures Ensure roles meet duties and salary tests for Have clear rules for how unapproved OT is exemption. handled — but remember, it still must be paid. • Overtime Policy • Training for Mana
Slide 19: How Can We Help? OBBBA Readiness Assessment
How Can We Help? OBBBA Readiness Assessment Schedule a free 30-minute assessment with a SHRM-certified expert. We'll help ensure you're prepared for the new compliance requirements. Offers.AsureSoftware.com/OBBBA • Download presentation • Share and watch this webinar on-demand • Request a free OBBBA