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News and Events

2021 Tax Season Office Protocols

We are eager to serve you and want to share our safety protocols related to Covid-19 this tax season. Let us assure you that we are taking the necessary precautions to protect both our clients and our employees to allow us to continue serving you throughout this pandemic, but we need your help! Below are a …

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New PPP Funding for Both First and Second Time Applicants

The application window for Paycheck Protection Program (PPP) forgivable loans will open Friday, January 15, for loans issued by smaller lenders and Tuesday, January 19, for loans issued by large banks. The linked article discusses details of the program. First time PPP borrowers may be eligible for $35 billion of new funding, which is available for …

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FFCRA Tax Credit is Extended into 2021 by Congress but FFCRA Leave Extension is Declined

On December 31, 2020, the federal Families First Coronavirus Response Act (“FFCRA”) expired. This act required employers with fewer than 500 employees provide sick and family leave benefits for certain COVID-19 related reasons. It was thought that the FFCRA’s sick and family leave provisions would stretch into 2021 as part of the pandemic relief package …

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Time Sensitive New Rules – Employee Retention Tax Credit – Does Your Business NOW Qualify

Previously, in 2020, anyone who received Payroll Protection Program (PPP) funding did not qualify for the Employee Retention Tax Credit. However, all of that changed in late December as part of the Consolidated Appropriations Act. Now, providing you meet certain criteria, any wages not utilized as part of the covered expenses under the PPP may now qualify …

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February 1, 2021 Deadline for Wage Statements

Form W-2 and other wage statements must be filed by employers by Monday, February 1, 2021, which is also the date the Form W-2s are due to employees. Click  here   to read more about this reminder to file wage statements and independent contractor forms. Source: Internal Revenue Service

Open Fridays for Tax Season

Our Taylorsville office will be open for business on Fridays during the tax season starting January 15 th .   See you soon! 

Happy New Year from MSA

Martin Starnes and Associates, (MSA) would like to wish you and your families a very Happy New Year. To say the year 2020 has been difficult would be a vast understatement. We could use unprecedented, uncertain, surreal, and many, many other adjectives to describe 2020 and the pandemic. The events of this past year have left us all …

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December 31st is just around the corner….

December 31, 2020 is right around the corner and you know what that means…it could very well be the last day to update some things that could impact your 2020 tax return. Click here to learn more about this important topic. Source: American Institute of Certified Public Accountants

Once Again, We Rocked Our NCACPA Days of Service Goal!

Once again, MSA employees did not disappoint when it came to the annual North Carolina Association of Certified Public Accountants (NCACPA) Day of Service. Our firm surpassed our goal to collect 365 items for the Catawba County Social Services Foster Care Fund several times over! Many of the items donated were blankets, new/gently used lugg …

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‘Tis the Season for Online Shopping – Be Safe Out There!

  ‘Tis the season for online shopping! Take the necessary steps to protect yourself when shopping online. From the convenience of making purchases at your fingertips and next-day delivery to getting great deals on everything on your list, and more, online shopping has grown in popularity for our busy schedules.    Click here to read tips on how …

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