Feb 2 2016
Martin Starnes & Associates, CPAs, P.A. is proud to announce the promotions of Susan Bruce to Payroll Manager, Tracie Dagenhart to Audit Services Coordinator, and Debbie Wike to Senior Administrative Assistant.
Susan Bruce has been promoted from Executive Administrative Assistant to Payroll Manager. She joined the firm in February 1999 and has held various positions. Susan lives in Taylorsville with her daughter, Amelia.
Tracie Dagenhart has be..
Mar 10 2015
Now that the new year is well underway and everyone is settling into a normal routine, it may be a good time to evaluate your overall financial standing to search for areas of improvement. Too often we get ourselves into a rut thinking that everything is working, and nothing needs to be changed. A simple check-up of your finances could save you a substantial amount of money in the following year. Below are some areas you can visit, as part of your annual financial evaluation:
Mar 10 2015
On Monday, March 2 the Council on Adolescents hosted Smart Girls Night Out which was held in the media center of River Bend Middle School. The event, decorated perfectly in pink, was a night where middle school girls, ages 10 - 13 and a female parent, guardian, or other mentor enjoyed a night of dinner, pampering and fun. This event was planned to celebrate 18 middle school girls who successfully completed the Smart Girls Program coordinated by the Council on Adolescents.
The event began wi..
Mar 3 2015
The Financial Accounting Standards Board (FASB) has issued ASU 2015-01, "Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items", which is intended to "identify, evaluate, and improve areas of [U.S.] GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements." Eliminating extraordinary items from the Income Statement will allow the entity the option to forgo from..
Mar 3 2015
Contract labor or employee? Many business owners find themselves asking this question. To help clarify, the Internal Revenue Service (IRS) came up with Common Law Rules to help characterize the degree of control and independence of hired workers. These two factors are critical in distinguishing between the two. Listed below are the Common Law Rules from the IRS website:
1. Behavioral: Does the company control or have the right to control what the worker does and how the worker does his or ..
Feb 24 2015
The Catawba County Chamber of Commerce held their annual membership luncheon on February 18, 2015 at the Hickory Metro Convention Center. Several employees from Martin Starnes & Associates, CPAs, P.A. attended this annual meeting, along with many other chamber members from across the Catawba County region.
The 2015 luncheon included a welcome and recognition of board members by John Teeter (Immediate Past Chairman of the Board), an invocation by Rev. Matt Hearn, and remarks from Dann..
Feb 24 2015
For years, the Boston Marathon has held such a prestigious honor for runners from around the world. It was for some, a once in a lifetime chance and for others, a life long passion. April 15, 2013 marked the 117th Boston Marathon, the world's oldest annual running event. The day was beautiful – sunny, without a cloud in sight; that is until approximately 2:49 pm when two bombs went off near the finish line. The blasts instantly created a day of horror and fear as people scrambled for their..
Feb 17 2015
Twice a year, Martin Starnes & Associates CPAs, P.A. (MSA) holds a firm retreat for all staff. Retreats have varied from team building at a ropes course to breaking barriers karate-style with wooden boards. Although the activity may change, the purpose is always the same: how can MSA be the best that we can be? On February 5th, MSA held its first retreat for 2015 featuring Denise Ryan of Firestar Speaking.
A self-described "motivational pyromaniac," Denise is an award winning North Car..
Feb 10 2015
Everyone looks for ways to make their work life simpler and more efficient. One way we can do this is by use of applications "apps" for our smartphones and tablets. There are many apps available that meet different needs of accountants and business professionals. Here are a few apps to consider for making your work life better:
Dropbox is an app used for document sharing. When a document is saved to Dropbox on your desktop, then the document can be accessed, viewed and updat..
Jan 27 2014
Zachary Triplett recently joined the Martin Starnes & Associates, CPAs, P.A. (MSA) Tax team. He graduated from Appalachian State University (ASU) in December, 2014 with a Bachelor's Degree in Accounting. He plans to enroll in an MBA program at ASU in the near future and hopes to obtain his CPA certification shortly afterward.
While attending ASU, Zachary worked at Samaritan's Purse and also worked full-time at Walmart. He is very excited to learn new things and..
Jan 13 2015
The Catawba Valley Chapter of the North Carolina Association of Certified Public Accountants (NCACPA) recently held its annual Holiday Social, at Market on Main in Hickory, NC. In conjunction with the event, the Chapter hosted a fundraiser event to accept donations for the Burke United Christian Ministries (BUCM) in Morganton, NC. Members in attendance were asked to bring food donations to support the local charity. Employees of Martin Starnes & Associates, CPAs, P.A. (MSA) attended the ..
Jan 13 2015
Every year, business owners who use an automobile for business driving, deduct the actual expenses attributable to their business use. In doing so, a business owner must choose between writing off automobile expenses by either taking the actual expenses incurred or taking a standard mileage rate. Either option requires the business owner to keep track of particular data, in order to claim the expense on their tax return. With the recent decrease in gas prices, it might be ad..
Jan 6 2015
Innovate Catawba, which was created through the vision of the Catawba County Chamber of Commerce, was designed to foster economic transformation through innovation. It is a collaboration of 6 different workgroups: inspiring, reinventing, building, entrepreneurs, workforce, and leading. Evidence of several of the Innovate Catawba building projects are visible around the area, but there is also a lot of work being done behind the scenes.
Under the Leadership Development Focus Area, there ..
Dec 30 2014
On Friday, December 12th, employees and guests from Martin Starnes & Associates, CPAs, P.A. (MSA) participated in an annual Christmas luncheon to celebrate the Holiday!
The luncheon was held at Rock Barn Golf & Spa in Conover. The feast included hors d'oeuvres followed by delicious entrees and a wide variety of desserts. Following lunch, MSA employees and guests played "Dirty Santa". The gifts were purchased and wrapped by MSA's Christmas Committee prior to the event so that only..
Dec 30 2014
Employees from Martin Starnes & Associates, CPAs, P.A. (MSA) spread Christmas cheer on Thursday, December 18th at Walmart in Hickory by collecting donations for The Salvation Army. Michael Edwards, Cindy Henline, Mia Snipes, Jeremy Fortner, and Susan Bruce worked the event and represented MSA well. Proceeds from this campaign put gifts of food and clothing under trees and hot food on the tables of those less fortunate in our local area.
The Salvation Army began using a red ket..
Dec 17 2014
The Senate passed the Tax Increase Prevention Act of 2014, which revives more than 50 expired tax breaks. President Obama is expected to sign the bill. Included is a new type of savings program designed to help disabled individuals. Here is a brief overview of the tax breaks that have been extended, as well as details about the new Achieving a Better Life Experience (ABLE) Act of 2014. Click here to read the article. (http://www.bizactions.com/index.cfm/ba/e130/ra/54150081G2007J6961895)..
Dec 8 2014
Martin Starnes & Associates, CPAs, P.A. is thrilled to announce being named as one of the 2014 Accounting Today's Best Accounting Firms to Work for, ranking 9th among medium sized firms. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.
This survey and awards program is designed to identify, recognize and honor the best employers in the accounting industry, benefiting the industry's economy,..
Dec 8 2014
Lake Hickory Country Club
The United Arts Council of Catawba County recently held the 2014 Jingle Bell BASH (Benefitting Arts, Science, and History) at the Lake Hickory Country Club, and several Martin Starnes & Associates, CPAs, P.A. (MSA) employees were in attendance. More than 20 restaurants and caterers donated a variety of delicious food to enjoy at the event. By purchasing a ticket, participants had the opportunity to win cash prizes starting from $500 up to the grand prize of $15,000! A silent auction was ..
Dec 7 2014
Martin Starnes & Associates, CPAs, P.A. (MSA) and the City of Hickory recently co-sponsored the 2014 Hickory Young Professionals' Top 10 Under 40 banquet at Rock Barn Golf & Spa. Nominees were required to be under the age of 40 and to be employed or reside in Catawba, Caldwell, Burke, or Alexander counties. Additionally, community involvement and making positive impacts in the greater Hickory area as well as focusing on career advancement were also areas of consideration. All nominat..
Dec 7 2014
Employer Payment Plans are defined as reimbursements from an employer for an employee's substantiated premiums for non-employer sponsored medical insurance. The definition also includes payments made directly to the insurance company on behalf of the employee for an individual medical insurance policy. These Employer Payments Plans are in violation of the Affordable Care Act (ACA) unless the employer also provides a qualifying ACA medical plan along with the payment plan. The penalty for suc..