The CPA Group ClientLine Newsletter

The CPA Group, P.C.

4267 Canal Avenue SW

Grandville, MI 49418

Phone: 616-538-0460

September 2026

Year-End Strategies to Reduce Your Tax Bill

Ideally, you have worked to minimize your taxes throughout the year. Here are some year-end strategies that may help further reduce your tax bill. Before implementing these or any year-end strategies, talk with your tax professional.

Pass-Through Income Deduction

Under the One Big Beautiful Bill Act (OBBBA), owners of certain pass-through businesses can continue to claim a deduction of up to 20% of qualified business income (QBI)—plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.

Turn a Trump Account Into a Tax-Free Nest Egg

Want to build a solid tax-advantaged foundation for a child or grandchild? Here's a strategy that uses a child's Trump account and may be worth discussing with your tax and financial professionals.

Life Insurance: You Have Options

September is National Life Insurance Awareness Month, making it an ideal time to explore insurance options or review your current coverage. Life insurance* proceeds can provide a financial lifeline for loved ones if something happens to you. The type of policy you choose may depend on how long you'll need coverage and on the policy's cost.

September 2026 Client Profile

Maureen's yoga center has grown faster than expected, so she's considering using a third-party service for payroll processing and management.

Handle Taxes With Care

There is no wiggle room when it comes to handling federal income and FICA taxes withheld from employees' paychecks. These taxes are government property that employers hold "in trust" and remit to the IRS on a set schedule. Employers are not permitted to use this "trust fund" money for any other purpose.

September 2026 Q and A

Let's talk about some important items if you requested a filing extension.

Timing An Inheritance

Longer lifespans have transformed inheritances from profound, life-altering events into later-life financial supplements for heirs. This shift raises important questions: When should your heirs receive their inheritance, and how can you ensure it benefits them rather than burdens them?

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