News and Events
Retirement Account Distributions – What Do You Need to Know
Taking money out of your retirement account can cause unexpected tax consequences. Contributions to retirement accounts are normally funded with pre-taxed dollars. As a result, when funds are withdrawn from these accounts, they are considered taxable income. In the event you need to take money out of your retirement accounts prior to age 59 ½, […]
Year-End Tax Planning Moves – Are You Ready?
December 31, 2022, 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 2023 tax return. Click here to learn more about this important topic. Submitted by: Frank Williams Source: www.taxtaxadviser.com
Are You Still Experiencing Delays at the IRS?
Are you still waiting for that refund from a tax return you sent in? Due to lingering effects of COVID-19, the Internal Revenue Service (IRS) continues to experience delays that include: Click here to read more about these delays and what you can expect. Sources: Internal Revenue Service
IRS Increases 401(k) Limits for 2023
The Internal Revenue Service (IRS) recently announced the 2023 cost-of-living adjustments affecting dollar limitations for 401(k) plans, pension plans and other retirement-related items. Those who participate in 401(k) plans can contribute up to $22,500, others who are age 50 and older, can also take advantage of the “Catch-Up” contribution of an additional $7,500, for a […]
IRS Takes Aim at Significant Employee Retention Tax Credit Fraud
The IRS recently began reviewing whether claims for the Employee Retention Credit (ERC) were made by taxpayers who truly qualified. In fact, as cited in an article last week by Bloomberg Tax, the IRS has already flagged 11,096 claims, totaling more than $2 trillion, as suspicious. In addition, the IRS has issued warnings about third-party businesses and […]
Employees Participate in Walk to End Alzheimer’s
On Saturday, October 29, a group of MSA employees joined many others at L.P. Frans Stadium for the annual Walk to End Alzheimer’s event. This is the eighth year in a row that MSA employees have participated in this fundraiser that is held in more than 600 communities nationwide. The Walk to End Alzheimer’s is one of […]
MSA Pumpkin Decorating Contest
For Halloween, MSA hosted a decorated pumpkin contest for employees. Winners are listed below:: Erica Brown came in 3rd place with Pinocchio. Morgan Coley was a close 2nd with the Duck. Julie Church brought home 1st place with her creation of Cinderella. What a creative group of employees and fun event!
MSA Receives Best Employers in NC Award
We are excited to share that we have been named as a Best Employers in North Carolina for 2022 among medium-sized companies in this statewide survey and awards program. Business North Carolina worked with DataJoe market research company to survey employers and employees throughout the state through topics such as engagement, leadership, training, organizational health, work-life balance, pay, benefits, […]
MSA Employees Run Local Races
Employees enjoyed amazing weather to run the Baker’s Dozen 5K that was held in Newton this fall. Congratulations to Greg, Kelly, Cameron and Morgan! We would like to say a special congratulations to Cameron for receiving a 2nd place medal in the 20 – 29 male division! Erica Brown participated in the Hunger Walk 5K […]
Have You Received a Notice of Change in Filing Frequency From the NCDOR?
On October 5, 2022, the North Carolina Department of Revenue (NCDOR) began mailing a Notice of Change in Filing Frequency – Income Tax Withholding to affected taxpayers. If you received this notice, beginning January 1, 2023, you must begin filing and paying North Carolina income tax withholding in accordance with the new filing frequency assigned to you. This notice […]