Wrapping Up Tax Season 2025: A Heartfelt Thank You Dear Valued Clients and Friends, As we close the books on another tax season, we want to pause and express our deepest appreciation for your continued trust and partnership. The 2025 season brought its own unique...
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)...
As the tax filing deadline approaches, many taxpayers find themselves unprepared to submit their returns on time. In such cases, filing a tax extension can be a practical solution. This article clarifies what a tax extension entails, dispels common misconceptions, and...
Making Your Federal & State Income Tax Payments (updated 2/16/25) Paying your federal and Michigan state income taxes has become more convenient with various online options. Here’s an updated guide to streamline your payment process: Federal Tax Payments...
Understanding “Where’s My Refund?” for Your Federal and Michigan Tax Returns As tax season approaches, many taxpayers eagerly anticipate their refunds. At Senter CPA, we understand how important it is to track your refund status efficiently. That’s why...
Utilizing ‘Rules’ in QuickBooks Online To lighten the load of reviewing and adding every single transaction, consider using the Rules tool. Doing so will potentially eliminate any miscoding and potentially, save you time. Purpose of the Rules Tool: The tool is...
