News and Events
Beware – IRS Warns Us About the 2023 Dirty Dozen Tax Scams
The Internal Revenue Service just published its’ “Dirty Dozen” list for 2023. These tax scams happen all year but peak during the filing season. The list includes possible abuse activities everyone should avoid. Unfortunately, criminals are always trying to steal our money and identity with fake emails, social media posts and unexpected phone calls. A […]
ERC Credit Scam Promoters – Be VERY Careful!
In their IR-2022-183 publication the Internal Revenue Service (IRS) warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Business owners and Certified Public Accounts are warned to carefully review the guidelines for claiming this credit before doing so. While we have […]
Congratulations to Amy McGhinnis!
Amy McGhinnis, Financial Accounting Services Manager at Martin Starnes & Associates, CPAs, P.A. (MSA), recently became a graduate of the 48th class of the Leadership Catawba program offered by The Chamber of Catawba County. A graduation luncheon was held at Lake Hickory Country Club on March 7, 2023, to recognize the achievements of the 2022-23 Leadership […]
Are You Looking for Your Refund or Need to Make a Payment? Use IRS2GO Mobile APP!
Did you know the Internal Revenue Service has a mobile APP? Available in both English and Spanish, this app allows you to check your refund status, make a payment, sign up for helpful tax tips and much more! Click here to learn how you useful this APP can be to you! Source: Internal Revenue Services
IRA 2022 Contributions Deadline is April 18, 2023
Do you still need to make contributions to your Individual Retirement Account (IRA) for 2022? This is a friendly reminder that you are able to do so through Tuesday, April 18, 2023. Generally, eligible taxpayers can contribute up to $6,000 to an IRA for 2022. For those 50 years of age or older at the end […]
Important Deadline: April 1st for Required Minimum Distributions (RMD)
April 1, 2023 is the deadline for any senior who turned age 72 during 2022 and was required to make their first RMD. If you missed the 2022 distribution, you have until April 1st of this year to catch this up and avoid the 25% penalty. In addition, your second distribution will be due by December 31, […]
ATTENTION ALL CORPORATIONS & LLCS – Have You Filed Your Annual Report?
The State of North Carolina requires that all reports be filed directly with the Secretary of State. The annual report IS NOT part of the income tax filing process. The annual report is due no later than the 15th day of the fourth month following year-end. If your business operates on a calendar year-end, the annual report is […]
Direct Deposit for Tax Refund?
The tax season is upon us! The Internal Revenue Service is strongly encouraging taxpayers to select direct deposit to receive their refund when filing electronically. The benefits of direct deposit are: Click on here to learn more about direct deposit for your tax refund. Source: Internal Revenue Service
Top Reasons to File An Income Tax Extension
With the April 18, 2023 income tax deadline closing in, are you still working on gathering all of your important tax documents to bring into our office? Have you received a form that was needed for preparing your tax return but discovered the information is incorrect or missing? Do you have a situation that needs […]