Centennial Tax & Accounting

11/12/2026

Looking for ways to make the most of your retirement savings? A Roth conversion may offer benefits like tax-free growth, reduced future required minimum distributions, and greater flexibility in retirement. Learn more in the latest issue of The Ledger!

As you look toward your future, you’re likely focused on growing and preserving your wealth for the long term. One of the most powerful tools to help you achieve this is a Roth conversion. While converting a traditional IRA or 401(k) into a Roth IRA involves paying taxes on the front end, it can...

11/10/2026

Our offices will be closed for Veterans Day. We will reopen on November 12.

11/09/2026

Several federal tax law changes take effect beginning in 2026, and many dollar limits will update again in 2027 due to inflation adjustments. Centennial’s Catherine Raeside, CPA, gives a quick summary of what may affect our individual clients the most.

11/09/2026

Don't wait until April to find out what you owe. Year-end tax planning gives you time to prepare and make informed decisions before the year comes to a close. Learn why planning matters in the latest The Ledger newsletter!

In the past, estimating extension payments often required significant additional tax preparation work during the busiest part of the year. While that produced very accurate extension vouchers, it also consumed valuable time that could have been spent completing returns.

09/09/2026

It's National Payroll Week. This is a great time to review your information to be sure it is correct. Read more here

IR-2026-105, Sept. 4, 2026 — The Internal Revenue Service today encouraged workers and employers to review withholding and payroll tax responsibilities ahead of National Payroll Week.

08/31/2026

Planning for the future of your business starts long before a transition takes place. A thoughtful succession plan can help protect the value you’ve built, prepare the next generation of leadership, and create a smoother path forward.

Read our latest article in the Summer edition of The Ledger to learn more about the importance of succession planning and steps to consider.

For many business owners, succession planning is one of the easiest priorities to postpone. Yet the longer it’s delayed, the fewer options remain when retirement, health issues, or unexpected events arise. Planning your succession is a very vast topic that is much more than financial and tax consi...

08/28/2026

Still using QuickBooks Desktop? As Intuit continues to transition users toward QuickBooks Online, now is a good time to understand what the move could mean for your business. From preparing your data to choosing the right time to transition, planning ahead can help make the process smoother.

As technology continues to evolve, many businesses are evaluating whether it’s time to transition from QuickBooks Desktop (QBDT) to QuickBooks Online (QBO). For some, the decision is driven by changing licensing requirements and subscription models. Others are looking for greater flexibility and a...

08/25/2026

Managing your taxes is becoming more digital, and an IRS Online Account can make it easier to access important tax information, make payments, view records, and stay up to date. But who should have one - and how do you get started?

In the past the IRS has been a call us or stop in to our office type of governmental agency. To receive and provide information their primary delivery method was the fax machine. Those days are coming to a close as the IRS is attempting to have taxpayers rely on the phone call and/or office visit.

08/20/2026

Tax scams are always evolving, and knowing what to watch for can help protect you and your finances. In our latest issue of The Ledger, we’re highlighting common tax scams, warning signs to look out for, and steps you can take to avoid becoming a target. Read the full article here.

Have you received a phone call from someone who claims to be from the IRS and stating that you owe additional taxes? I recently received one such voicemail and, even as a tax preparer who routinely warns clients of tax-related scams, it can be unnerving to be on the receiving end of such a communica...

08/17/2026

As the year comes to a close, it’s important for employers to stay on top of year-end payroll reporting requirements and deadlines. From W-2s and 1099s to other important reporting considerations, a little preparation now can help make year-end filing smoother.

As we approach the end of 2026, now is the perfect time to review important payroll and tax reporting requirements. Taking care of these items before year-end helps ensure accurate W-2s, 1099s, and tax filings while minimizing last-minute surprises.