HELLO

FALL

As we focus on completing returns for those businesses and individuals that filed extensions, we wanted to provide a few quick updates as summer comes to an end.

Estimated tax payments are shown on a business photo using the text

Estimated Payments

For those making quarterly estimated payments, if not done so already, the Q3 payments are due September 15th. As a reminder, the upcoming Q4 payments are due no later than January 15th, 2026

Close-up of a tip jar on a counter with some coins and a banknote inside_ labeled Tip Box in a caf or restaurant setting.

No tax on tips clarified

As noted in our prior newsletter on HR-1 (the new name for One Big Beautiful Bill) there are limitations on the exclusion of up to $25,000 of tip income. One of those was that the Treasury Secretary had to define those industries where tips are customary. That list has been published and includes the following

Beverage and food services
Entertainment and events
Hospitality and guest services
Home services
Personal services
Personal appearance and wellness
Recreation and instruction
Transportation and delivery

Refund check on many tax form blanks lies on table close up. Tax payers paperwork routine and bureaucracy concept

Paper checks being eliminated

As a result of an Executive Order passed by President Trump in March, paper checks to and from the federal government, including the IRS and Social Security, are being phased out starting September 30, 2025.

Details on this change have been sparse and we expect there to be exceptions. However, as we understand it, this will begin with Social Security checks first. If not done so already, contact your Social Security office as soon as possible to sign up for direct deposit

EV Charging Station_ Clean energy filling technology_ Electric car charging. 3D illustration

EV Credit reminder

For those looking to take advantage of available tax credits for Electronic Vehicles, you need to act fast as federal EV credits expire after September 30, 2025. Other energy credits like solar, doors and windows expire on December 31, 2025.