Sponsel CPA Group

Tax Tip of the Month: CP53E Notice Warning

The IRS has recently issued CP53E notices, and related scam activity has increased. If you receive one of these notices, take a moment to verify its legitimacy before responding.

👉 Be cautious of QR codes, links, or phone numbers requesting banking information.
👉 Never provide financial details through unofficial channels.
👉 Contact a trusted tax advisor before taking action.

In some cases, legitimate notices may also have been sent in error. Our team can help determine whether a notice is legitimate and what steps, if any, are required.

Need help evaluating a notice? Contact our office before responding.

Tax Tip of The Month: CP53E Notices

Please join us in welcoming our Summer Interns to Sponsel!

We are excited to have Addison Schade from Butler University and Luca Plata from the University of Indianapolis join our team this summer. We look forward to supporting Addison and Luca as they learn, grow, and contribute alongside our team.

🌱 We recently participated in Walking for Dreams, a fundraising event supporting Outreach and its mission to end youth homelessness.

Giving back to the communities we serve is important to us, and we are proud to support organizations that make a meaningful difference in the lives of others.

Thank you to Outreach for the incredible work you do and for the opportunity to be part of this impactful event.

💡 Have you heard about Trump Accounts?

A new savings option is available for families looking to plan for their children’s future. Created under the OBBB, these accounts offer tax-advantaged growth and can complement strategies like 529 plans and Roth IRAs.

Eligibility, timing, and long-term restrictions all play a role in whether this approach fits your plan. Understanding the details early can help you make more informed decisions.

Our team helps families evaluate new strategies and align them with long-term goals.

🔗 Read our full article: https://cstu.io/e88a37

📆 June Tax Reminders

Mid-year tax deadlines are approaching, making this a good time to review estimated payment obligations and confirm your tax planning remains on track.

Staying proactive with quarterly payments can help reduce surprises later in the year and avoid unnecessary penalties or interest.

With important June deadlines approaching, now is the time to review your requirements and ensure everything is prepared accurately.

Our team is here to support you every step of the way.

📈 Practical Business Tip of the Month: Align Personal and Business Financial Strategies

For many business owners, personal and business finances are closely connected. Taking time to review both together can help you:

👉 Coordinate compensation and distribution strategies.
👉 Evaluate cash flow, investments, and tax exposure.
👉 Support long-term financial and business goals.

A more connected financial strategy can uncover opportunities to improve efficiency, reduce risk, and strengthen planning for the remainder of the year.

Learn more about how our team can support your planning: https://cstu.io/3b7705

Practical Business Tip of the Month

This Memorial Day, we honor and remember the brave men and women who made the ultimate sacrifice in service to our country.

Wishing everyone a safe and meaningful holiday as we reflect with gratitude.

📢 No Tax on Tips Update: What to Know Now

The IRS has issued final regulations outlining which occupations qualify for the new “No Tax on Tips” deduction under the One Big Beautiful Bill Act.
The guidance identifies more than 70 eligible occupations and clarifies what counts as qualified tip income for purposes of the deduction.

Now is a good time for businesses and employees in service-based industries to review how these rules may impact tax reporting and planning.

Learn more from the IRS: https://cstu.io/fb7ed4