News and Events

Did you know that some common summer activities might qualify for tax credits or deductions? Maybe you got married, sent children to a summer day camp, or had a part-time or summer job; make sure you file a tax return to get a refund for the taxes that were withheld. Click here to read the complete article. […]

Ana Vue recently joined our firm as a Staff Accountant. She earned a Bachelor of Arts degree in accounting and finance from Lenoir-Rhyne University. Ana graduated magna cum laude and is a member of Delta Mu Delta honor society. Ana has worked in public accounting for several years, heavily focusing on individual income tax preparation. […]

The winners of the Great Employers to Work for in North Carolina 2022 list by Best Companies Group, a BridgeTower Media Company, were recently released, and Martin Starnes & Associates, CPAs, P.A. (MSA)is honored to be ranked first among medium-sized companies in this awards program!  Best Companies Group’s annual award program identifies and honors the best places of employment […]

There are many pros and cons to hiring family members in a small business. Below are some bullet points to consider before hiring a relative: All relatives are not made equal; The tax implications can work in your favor; Make sure they are up for the task; and Beware of the pitfalls. For detailed information on […]

The Internal Revenue Service has been working diligently over the last several months to decrease their tax return inventory. As of June 10, 2022, more than 4.5 million of the more than 4.7 million individual paper tax returns received in 2021 have been processed! They are also reporting that the vast majority of tax returns filed this year […]

Are you looking for an investment that could earn 9.62%? Maybe you should research purchasing Series I savings bonds; they have a high interest rate, inflation protection and the safety of government backing. These bonds could be just what you need for your portfolio! The interest rate on these bonds increases as inflation rises, ensuring that […]

Borrowing money for college just got more expensive! Interest rates on new federal student loans are set to increase this summer with the largest percentage jump since 2013. Due to the Treasury Department’s recent auction of 10-year notes, federal student loan interest rates will rise by more than a percentage point on July 1, 2022. These rates […]

The Internal Revenue Service just published its’ “Dirty Dozen” list for 2022. The list includes possible abusive activities everyone should avoid. Unfortunately, criminals are still using the COVID-19 pandemic to steal our money and identity with fake emails, social media posts and unexpected phone calls. A few of these scams are listed below: – Use of Charitable Remainder […]

The Internal Revenue Service recently announced an increase in the optional standard mileage rate for the last six months of 2022. These rates may be used to calculate the deductible costs of operating an automobile for business and certain other purposes. This new rate will be 62.5 cents per mile, up 4 cents from the rate […]