by Matthew Senter | Oct 26, 2020 | Internal Revenue Service, Tax
We always like to say “Don’t be charitable ONLY for the tax deduction.” However, we also know there is an incentive to do so, especially when receiving a tax deduction. That doesn’t mean we don’t want you to maximize your tax benefit; we...
by Kylie Harig | Sep 25, 2020 | Accounting, Community, Internal Revenue Service, Tax
As tax and accounting professionals in the financial industry, we here at Senter CPA recieve lots of questions during our client consultations and reviews. Providing thoughtful advice taylored specifically to our client is our expertise. We take much pride in...
by Matthew Senter | Sep 9, 2020 | Tax
Tax planning is the process of managing your financial plan with the goal of reducing your tax liability and safeguarding assets at the federal and state level. Most tax planning involves deductions, credits and current vs. future tax rates. When tax planning, you...
by Kylie Harig | Aug 11, 2020 | Internal Revenue Service, Tax
An IRS audit takes place when the Internal Revenue Service (IRS) chooses to investigate a taxpayer to ensure that tax laws are being followed. Filing your tax return entirely, accurately and truthfully will reduce the odds of being audited and increase the likelihood...
by Kylie Harig | Jun 30, 2020 | Accounting, Tax
The importance of establishing a strong working relationship with your CPA is crucial to feel comfortable trusting their guidance and relying on their advice. Having candid conversations on a regular basis will not only deepen your relationship with your accountant,...
by Matthew Senter | Jun 24, 2020 | Internal Revenue Service, Tax
Unsure how to make your upcoming estimated tax payment? Here’s how. Most folks don’t like to pay taxes, nor pay them quarterly, especially if they’re experiencing economic hardships due to COVID-19. However, you don’t want to end up paying...
