Did you know Michigan has a new tax rate for 2023? Michigan does an annual review comparing percent increase in revenue and inflation. If Revenue exceeds Inflation, there is a calculation to determine a reduction in tax rate. This year that calculation resulted in a...
It is not uncommon to have a need for more time to prepare your federal tax return. This post provides valuable information on how to apply for an extension of time to file. Please be aware that: An extension of time to file your return does not grant you any...
Federal and State income tax payments can be made online. You can pay your state and federal income tax online, by phone, or with your mobile device using the IRS2Go app. Below are a list of links to make payments or to download the IRS2Go app. United States...
The end of the year is rapidly approaching. If you are wondering if it is necessary to issue 1099’s, then let us help you determine that. We have listed some common questions and answers related to 1099’s. What is a 1099? This is a form issued to a...
There are many people who may have question regarding the Employee Retention Credit (ERC) that became available for businesses during the Covid-19 pandemic. Below is a helpful article to decifer the facts about the ERC. As always, Senter, CPA is here to help. If you...
It is nearing the end of the year. It is perfect time to assess your tax situation for the coming years tax return. Considering the current state of the economy/market, this year may be as important as ever for good tax planning. While we don’t know how 2022 will end...
