GENERAL LEDGER

Weekly News From Santora CPA Group

10.10.2025 | Issue 208

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

Prepare NOW for the 1099 Filing Deadline!

Don’t wait until the last minute to collect vital information for the 1099 filing deadline. While the deadline for 2025 isn’t until January or February 2026 (depending on the forms you are required to file), it’s important to have all the information now to avoid potentially time-consuming data collection later or even penalties for late or unfiled forms.

 

Your Weekly Catch-Up

 
 

Tax Court Case Provides Lessons on Best Recordkeeping Practices for Businesses

Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance, and tax savings. Good records can mean the difference between successfully defending a deduction and losing valuable tax breaks. A recent U.S. Tax Court decision underscores just how important this is.

 
 

IRS to Phase Out Paper Tax Refund (and Tax Payment) Checks Starting With Individual Taxpayers

The Power of Catch-Up Retirement Account Contributions After 50

Payroll Tax Implications of New Tax Breaks on Tips and Overtime

 
 

Firm News

 
 

Happy Anniversary!

On October 4th, we celebrated Wil Duggan's 4th anniversary with SCG!


Wil is a Senior Trust Administrator in our Trust Department and affiliate, Pinion.


We thank Wil for his continued dedication and expertise in the trust area!


On October 5th, we celebrated Ray Willis' 5th anniversary with SCG!


Ray is a Senior Accountant and works on a variety of tax and audit engagements.


We thank Ray for his continued hard work and commitment!


 
 

We're Hiring

 
 
 

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www.santoracpagroup.com | 302.737.6200