Insights and Resources
October 2025
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In This Issue:
- What S Corporations Actually Need to Know About Reasonable Compensation
- Using POD & TOD Accounts in Your Estate Plan
- Tax breaks for tipped workers: Qualifying for the new deduction
- Government Shutdowns and the Hidden Impact on Taxpayers
What S Corporations Actually Need to Know About Reasonable Compensation
If you are an S corp that takes distributions but not reasonable compensation, you could face penalties from the IRS.
Using POD & TOD Accounts in Your Estate Plan
Discover how Payable-on-Death (POD) and Transfer-on-Death (TOD) accounts streamline the inheritance process, enabling beneficiaries to bypass probate and access assets swiftly. While these tools offer speed and cost-effectiveness, they come with potential pitfalls that could disrupt your estate plan if not carefully coordinated. Explore their benefits and drawbacks to ensure seamless asset distribution among your loved ones.
Tax breaks for tipped workers: Qualifying for the new deduction
Discover how the groundbreaking “no tax on tips” provision in the new One, Big, Beautiful Bill (OBBBA) could transform the take-home pay for millions of tip-reliant workers starting in 2025. Learn which occupations qualify, the specific conditions required, and how to prepare for maximized savings under this potentially game-changing deduction.
Government Shutdowns and the Hidden Impact on Taxpayers
Understanding the impact of a federal government shutdown on everyday Americans and taxpayers.
