News and Events

Is Your Information Correct?

Ensuring your accountant is informed with the latest personal and financial details is essential for streamlined financial management and compliance. This information can include your current phone numbers, physical and mailing addresses and email, as well as any recent changes to your bank accounts. Such updates ensure that communication regarding tax legislation, financial advice, and […]

NCSUITS Issues Deadline Extension: 4th Quarter Filing and Payments Extended

The North Carolina Department of Commerce’s Division of Employment Security (DES) has extended the deadline for 4th quarter filing and payments from January 31, 2024, to February 29, 2024, alongside launching significant updates to the North Carolina State Unemployment Insurance Tax System (NCSUITS). This extension is aimed at providing additional time for employers to adapt […]

Understanding the New ERC Voluntary Disclosure Program: A Guide for Employers

The IRS recently introduced the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), a significant development for businesses navigating post-pandemic tax relief measures. This program is especially relevant for organizations that have claimed the Employee Retention Credit (ERC) but later determined they were ineligible. Key Features of the ERC-VDP: Eligibility and Application: Benefits for Participating Businesses: […]

Employers, Mark Your Calendars: January 31st Deadline Approaches

Important Updates for the Upcoming Tax Season As the tax season approaches, it’s crucial for employers to be aware of the important deadlines and changes in filing requirements. The IRS has set January 31 as the deadline for submitting various wage statements and forms related to independent contractors. Key Deadlines for Employers Important Considerations  […]

Reminder: Fourth Quarter Tax Payment Due January 16

The IRS is reminding taxpayers of the upcoming deadline for the fourth quarter tax payment, which is crucial to avoid potential penalties or unexpected tax bills when filing in 2024. Understanding this requirement and the associated processes is essential for all taxpayers, especially those with unique income situations. Who Should Make the Payment? Understanding Taxable […]

Bidding farewell to 2023

Dear Valued Clients, As we bid farewell to 2023, we want to extend our heartfelt thanks to each of you for your continued trust and partnership. It has been a year filled with unique challenges and remarkable achievements, and your unwavering support has been integral to our journey. Reflecting on the past year, we are […]

Born Before 1951? Key Retirement Planning Changes You Should Know

As we approach the end of the year, it’s important for those born before 1951 to remember the rules about withdrawing money from retirement accounts like IRAs (Individual Retirement Arrangements) and other similar plans. The IRS has reminded everyone that there are some new rules starting with 2023 taxes that you should know about. First, […]

2023 Best Firms to Work For

We are honored to share that Martin Starnes & Associates has been ranked #1 across the nation in the “2023 Best Firms to Work For” by Accounting Today, in the Midsized Firms category! This prestigious accolade, sponsored by ADP, is a testament to our steadfast commitment to creating an outstanding workplace environment and dedication to […]

2023 Business. Well Crafted. Award

We are pleased to announce that Martin Starnes and Associates has been honored with the 2023 Business. Well Crafted. Award by the City of Hickory! This prestigious award, presented by the City’s Business Development Committee, recognizes businesses, organizations, and entrepreneurs who play a pivotal role in driving Hickory’s vision for economic vitality. Victoria Martin, Managing […]

Beware of the Gift Card Grinch: The Rise of Gift Card Scams

As the holiday season approaches, gift cards become a popular and convenient gift choice. However, this surge in demand also brings a rise in gift card scams, posing significant risks to both the giver and the recipient. Scammers have developed sophisticated methods to deceive consumers, making it crucial to stay informed and vigilant. Gift card […]