News and Events

Are you a public service employee? If so, you may qualify for expanded student loan debt forgiveness. PSLF workers are those who have worked for nonprofits, in the military, or federal, state, tribal, or local governments. The special relief requires PSLF workers to have 10 years of public service and to have made 120 monthly payments. There may be […]

The Internal Revenue Service (IRS) is issuing CP2100 & CP2100A notices that alert employers of errors and discrepancies that may require backup withholding from future payments. If you have changed your business address, be sure to alert the agency. Click here to update your address www.irs.gov/addresschange or here to read about about what to do when you […]

ITIN Contractors – What NC Companies Need to Know to Minimize Risk Do you have contractors you are paying to perform services in your business that have an Individual Taxpayer Identification Number (ITIN) assigned to them by the Internal Revenue Service (IRS)? Are you withholding the required 4% North Carolina (NC) taxes on their payments for […]

Nicole Silvera Andrade, a native of Caracas, Venezuela, recently joined our governmental audit team as a staff accountant. Previously, she worked in the administrative area of ​​the Andres Bello Foundation. Nicole recently graduated from the Andres Bello Catholic University with a bachelor’s degree in public accounting. She is a talented volleyball player, enjoys dancing, listening to music, […]

The Internal Revenue Service (IRS) will be assisting struggling taxpayers that were affected by the COVID-19 pandemic by providing penalty relief. This relief will be given to most people and businesses who filed certain 2019 and 2020 returns late. To qualify for this relief, any eligible tax returns, not already filed, must be filed on or […]

September is National Preparedness Month – Are you ready for a natural disaster? It is that time of year when hurricanes are more prevalent. Do you have an emergency preparedness plan in place? Now is the time to create or update a solid plan before a disaster comes your way! Please click here to learn how to […]

On August 7, 2022, the United States House of Representatives approved the Inflation Reduction Act and the President signed this on August 16, 2022. The new law includes several tax provisions, numerous tax incentives for clean energy sources, and increased IRS funding. Among its tax provisions are a 15% minimum tax on large corporations that […]

Martin Starnes & Associates, CPAs, P.A. is proud to announce the promotions of Kamila Cleveland, Lutchia Johnson, Kang Moua, Jonas Watts, and Emily White from Accountant to Senior Accountant.   Kamila Cleveland joined the firm in August 2020. While her concentration has been in governmental auditing, she is transitioning to our tax team at the close of audit […]

Tristan Floyd was born and raised in Lynchburg, Virginia before moving to North Carolina in 2016. He attended Johnson & Wales University in Charlotte where he received his bachelor of science in corporate accounting and financials analysis.  Tristan is currently attending Southern New Hampshire University to pursue a master’s in accounting, concentrating in forensic accounting, and is […]

Good recordkeeping of tax documents is a great way to be prepared and reduce the stress of filing next year’s tax return. Records that you should keep every year include information regarding the purchase or sale of property, tax records, business income and expenses, health insurance information, and prior year tax returns.   Many clients ask […]