Blood, Sweat & Business

The IRS says Good-Bye to Paper Checks


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Addressing a major shift in tax protocol, this episode provides essential financial advice for small business owners by detailing the IRS's new mandate to eliminate paper checks for all payments and refunds as of September 30, 2025. We emphasize that electronic transfer is the most secure and efficient method, urging taxpayers to transition to direct deposit for refunds and utilize online options like direct pay, E-Services, or EFTPS for making payments to avoid potential mail delays, lost debit cards, and unnecessary penalties. The discussion stresses the importance of accurate classification when making electronic payments to ensure funds are applied to the correct tax year and type, underscoring the critical role of timely accounting services and compliance in navigating this digital transition.

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Blood, Sweat & BusinessBy Kaizen CPAs