No More Government Checks

Big changes are coming to the way the federal government handles payments. On March 25, 2025, the White House announced an executive order titled “Modernizing Payments To and From America’s Bank Account” (EO 14247). Beginning September 30, 2025, the federal government will stop issuing paper checks for most payments. This includes IRS tax refunds, Social Security benefits, veterans’ benefits, and even vendor payments. The order also directs that payments to the federal government, such as taxes and fees, must be made electronically as soon as practicable. For taxpayers, the easiest option is to use the IRS website to make payments online.

Building Value Today, Creating Options for Tomorrow

Tariffs, Costs, and Tax Planning
Trump’s tariffs continue to reshape the cost landscape for U.S. businesses. Higher import costs on steel, aluminum, electronics, and auto parts are hitting the manufacturing, construction, and automotive industries the hardest. Increasing supply costs and mounting labor pressures are also affecting restaurants, hospitality, and retail businesses. For companies dealing with these increased costs, the impact is more than operational; it directly affects tax planning and strategy.