Category Archives: Tax

Understanding the 2019 IRS Extension

Due to the COVID-19 outbreak and consistent with our expectations, the IRS released their notice on March 21 outlining the 90-day automatic extension for federal income tax filing and payments. This deferment applies to  individuals, trusts, corporations and non-corporations without interest or penalties, regardless of amount owed. What does this mean for the average taxpayer? […]

Special Edition: Update Regarding COVID-19

To Our Existing and Prospective Clients: The safety and well-being of our valued clients and employees is always our top priority. We understand that the rapidly evolving situation with the coronavirus (COVID-19) is causing uncertainty in our community. Senter, CPA is closely monitoring reports from the Center for Disease Control (CDC), World Health Organization (WHO), […]

Income Tax Refund: The Do’s and The Don’ts

Are you expecting, or perhaps already received, an income tax refund from your 2019 filing? If so, a tax refund is an excellent opportunity to set yourself up for success and in a better financial position for the future. We’ve rounded up ten creative ways to put your tax refund to work: Do – 5 […]

Certified Public Accountant: Why You Need One in 2020

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, […]

Tax Credits: Take Them All

With tax season in full swing you are probably starting to work on your personal return or getting ready to discuss your personal return with your CPA. One thing to keep in mind this year are tax credits; they’re real, they are valuable and you should take all you are entitled to. Tax credits are […]

2020 Tax Season: It Begins Today

Tax season officially starts today with the Internal Revenue Service (IRS) now accepting e-files for 2019 tax returns. Let the countdown begin: Days Remaining Common Documents Needed (please note this is not an exhaustive list and depends on each individuals situation): Income documents W-2(s), 1099(s), K-1(s) etc. Investment income and gain or loss detail Business […]

Workplace Dependent Care Benefits

If you have paid for the care of your dependent(s) in the past and anticipate that dependent care will likely continue through 2020, then you will want to think about a specific work place benefit that may be available through your employer. Dependent Care Benefits, located on your W-2, Box 10, allows you to exclude […]

Welcome to the Senter, CPA Team – Kylie N. Harig

Hi there! My name is Kylie Harig and I am the new office manager at Senter, CPA. I am so thankful for the opportunity to introduce myself to you and hope that you enjoy learning a little about me and my family.  I come to you with nearly a decade of experience in the financial […]

Comprehensive Financial Planning: Building a Dream Team of Professionals

Building a network of well-connected financial professionals is a crucial means of personal wealth management. A dream team of experts will provide service and support towards working for and achieving your financial goals, while monitoring progress along the way. These collaborative relationships ultimately ensure that your financial future and legacy are well-protected, even in catastrophic […]

IRS Penalties: Abatement & Resolution

Have you ever paid an IRS penalty or feel like you’ve accumulated too many penalty notices from the IRS? If so, it’s possible we can help alleviate the pain. Let’s review a couple of ways to reduce, remove or abate some of those penalties. There are many forms of penalties, such as failure-to-file (FTF), failure-to-pay […]