Certified Public Accountant: Why You Need One in 2020

by Kylie Harig | Feb 26, 2020 | Accounting, Internal Revenue Service, Tax

What does financial success mean to you? Security, peace of mind or perhaps more free time spent with family and friends probably sound right. Often times, the shape of financial success will change over the course of time (think: marriage, kids, starting a business). It’s deeply meaningful to have a financial advocate along the way, such as a CPA , which allows us to maneuver changing needs and financial obstacles with confidence. Being financially sound is something that most, carefully work at overtime. Having a CPA in your corner, so to speak, would remove the burden and stress off your shoulders and into the watchful hands of a professional. So then, what exactly are a CPA’s qualifications? Understanding the Qualifications of a CPA: A Certified Public Accountant (CPA) is an accountant professional who has passed the CPA exam which consists of four rigorous sessions, meets state licensing requirements and maintains their qualifications to be a licensed CPA. These professionals offer financial and tax expertise and must keep current with ever changing tax laws to maintain their licenses. CPA’s offer objective advice and assistance in strategic and targeted areas. Top 10 – When Should You Hire a CPA:

Before you start a business or side job
If you acquire, merge, sell or close a business
You own rental property
When bookkeeping takes you away from more important tasks
Your business has experienced rapid growth
Tax time for businesses and individual filings
Life changes like death (inheritance) or divorce
The IRS contacts you or you owe back taxes
Moving to a new state
Kids going to college

The Main Objective: The intention is to build, deepen and maintain a working relationship with your CPA overtime. You should meet regularly, annually, semi annual or quarterly, for a financial check up and most certainly during the course of tax season to ensure you are on the right track. If you have any questions about our services and how we could potentially be of value to you and/or your business, please contact us HERE or give us a call at 248-934-0550. We would be honored to help. Disclaimer

Always remember, Senter, CPA is here for you if you need any assistance.

Don't hesitate to give us a call at 248-934-0550, or contact us below.

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2025 Depreciation Limits

by Jordan Middleton | April 23, 2025 | Accounting, Tax | 0 Comments

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.

Understanding Tax Extensions: What They Are and How They Benefit You

by Matthew Senter | March 27, 2025 | Accounting, Tax | 0 Comments

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.

Making Your Federal & State Income Tax Payments

by Matthew Senter | March 7, 2025 | Accounting, Tax | 0 Comments

Paying your federal and Michigan state income taxes has become more convenient with various online options.

Where’s My Refund

by Matthew Senter | March 7, 2025 | Accounting, Tax | 0 Comments

At Senter CPA, we understand how important it is to track your refund status efficiently. That’s why we’re providing you with a step-by-step guide to using the IRS “Where’s My Refund?” tool and Michigan’s “Where’s My Refund?” portal.

Senter, CPA 2024 Individual Tax Return Process

by Matthew Senter | February 25, 2025 | Tax, Team | 0 Comments

At Senter, CPA, we strive to make your tax preparation process seamless and efficient. Here’s an overview of our updated tax return process for the 2025 tax season: (2024 tax returns)

Beneficial Ownership Information Reporting Requirements? February 2025 UPDATE

by Matthew Senter | February 20, 2025 | Tax | 0 Comments

As of February 20, 2025, the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have been reinstated. This follows the U.S. District Court for the Eastern District of Texas’s decision on February 18, 2025, to lift the nationwide injunction that had previously halted enforcement of these requirements.