News and Events

The Financial Crimes Enforcement Network (FinCEN) has announced that it will not issue fines or penalties against companies that miss deadlines for filing or updating their Beneficial Ownership Information (BOI) Reports under the Corporate Transparency Act (CTA). This decision is meant to ease the burden on businesses while allowing the government to focus on high-risk […]

The Internal Revenue Service (IRS) offers the “Where’s My Refund?” tool, enabling taxpayers to monitor their federal tax refund status promptly and conveniently. This online resource provides real-time updates, reducing the need to contact the IRS directly. Accessing “Where’s My Refund?” When to Check Your Refund Status Information Needed To use the “Where’s My Refund?” […]

Scammers are becoming more sophisticated, using text messages to impersonate trusted organizations like the IRS, banks, and delivery services. These fraudulent messages often claim you owe money, have an unclaimed refund, or need to verify personal details. Falling for these scams can lead to identity theft, financial loss, or unauthorized access to your accounts. Common […]

At Martin Starnes & Associates, CPAs, P.A., protecting your sensitive information is our priority. That’s why we use SafeSend, a secure and user-friendly platform for sending, receiving, and signing confidential documents. Why Use SafeSend? Standard email attachments can be risky. SafeSend provides an encrypted, efficient, and seamless way to exchange financial documents securely. Key Benefits: […]

As we prepare for the 2025 tax season, we look forward to working with all of our valued clients once again. To help ensure a smooth and timely filing process, we want to remind you of the importance of submitting your tax documents by the deadlines outlined below. If we do not receive your information […]

If you have not received your W-2 or 1099 forms, or if the information on them is incorrect, it is important to address the issue quickly. These forms are essential for filing your tax return accurately. Here are the steps you should take: If your form is missing or has errors, reach out to the […]

The IRS reminds employers and businesses that wage statements and certain information returns must be filed by January 31, 2025. This includes Form W-2 for employees and Form 1099-NEC for independent contractors. Copies must also be provided to employees and contractors by this date. All forms must be submitted electronically or postmarked by January 31. […]

As we begin preparing for the upcoming tax season, we kindly ask that you notify us if any of your information has changed. This includes your mailing address, phone number, email address, or banking information. Having accurate and up-to-date details ensures we can communicate with you seamlessly and handle your matters efficiently. Please do not […]

The Saver’s Credit is a valuable tax incentive designed to encourage low- and moderate-income taxpayers to save for retirement. By contributing to retirement accounts such as Individual Retirement Arrangements (IRAs) or employer-sponsored plans like 401(k)s, eligible individuals can receive a tax credit that directly reduces their tax liability. For the tax year 2025, the maximum […]

North Carolina employers, it is time to update your payroll! The Division of Employment Security (DES) has mailed the 2025 State Unemployment Tax Act (SUTA) tax rate assignments. Key updates for 2025: Make sure to update your payroll systems with the new wage base and rate to ensure compliance. If you did not receive your […]