Accountants or Superheroes? Being honest, no one hears accounting and thinks “wow! that’s got to be fun!”. There are no explosions, no villains (except for maybe tax law), and definitely no fights (unless you count audits). But behind every successful business is a...
For the first time in the past three years, the IRS has set lower depreciation limits for passenger vehicles. These limits are updated annually for inflation. According to Rev. Proc. 2025-16, the depreciation limit for passenger vehicles eligible for Sec. 168(k)...
Do You Need to Issue 1099s? Let Senter CPA Help You Understand the Process As we approach the end of the year, you might be wondering whether you need to issue 1099 forms. At Senter CPA, we can guide you through this process and help you stay compliant. Below, we’ve...
Understanding the Paid Medical Leave Act: What Employers Need to Know As of 2025, the Paid Medical Leave Act will require all businesses with employees to comply with new mandatory sick time rules. Whether your employees are part-time or full-time, the only exceptions...
There is a new reporting requirement beginning January 1st, 2024, and most businesses are now required to report. What is the beneficial ownership information report, or BOI? It is a reporting requirement that came from a law passed by Congress in 2021, that will list...
