News and Events

Mileage Rate is Increased by IRS

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 …

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Welcome to MSA Lindsay!

Lindsay Turner, a native of Hickory, recently joined our team as a Staff Accountant. She was previously a Carrier Development Analyst after graduating from Appalachian State University with her Bachelor of Science in Business Administration and a concentration in Finance and Banking. Lindsay plans to pursue a master’s degree in Accounting in hopes of becoming a CPA …

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Should You be Paying Estimated Tax Payments?

What are estimated tax payments? Do you need to make estimated tax payments? How much should your estimated tax payments be? These are common questions an individual may ask their tax advisor.   Click here to read more about estimated tax payments. Submitted by: Frank Williams Sources: https://jmtaxlaw.com/article-on-estimated-tax-payments-by-denver-tax-attorney/ and https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-pay-and-when/L3OPIbJNw

MSA Helps Student Learn About Budgeting

On May 23, 2022, employees of Martin Starnes and Associates, CPAs, P.A. (MSA) assisted other North Carolina Association of Certified Public Accountants (NCACPA) with a game of Making Cents in classes at Oakwood Elementary School. Making Cents is a game derived to teach students about budgeting and making sure their money lasts. The students were …

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Welcome to MSA Bao!

Bao Thao recently joined our firm as a Staff Accountant. She was born in California and currently resides in the Hickory area. While working on her Bachelor of Science in Accounting at Gardner-Webb University, Bao worked as an Accounts Receivable Specialist for a water filtration company. During her time away from work, you will find Bao enjoying …

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Are You Wondering How to Pay Your Tax Bill?

Are you wondering how you are going to swing paying your 2021 tax bill? Taxpayers may not realize the options available to make these payments. By paying as much as you can, it will help reduce penalties and interest on the balance. Getting a loan or setting up online payment plans are just a couple …

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MSA Attends Future of Catawba County Summit

A group of MSA employees recently attended the Future of Catawba County Summit event hosted by The Chamber of Catawba County. This energizing, half-day event was held at the Hickory Metro Center, and they announced that it had been 777 days since the last in-person summit had been held. We enjoyed seeing everyone in person again! …

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What You Need to Know About Mortgage Interest Deduction

Purchasing a home that is within your budget is a challenge these days! Once you find that perfect home, you may be able to take advantage of the mortgage interest deduction to help lower your tax bill. If you itemize, you may be able to deduct the interest paid on a mortgage for your primary or secondary …

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