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News and Events

Welcome Bill and Brenda!

Bill Cathey is a North Carolina native, originally from Kings Mountain, but has lived in Hickory for about 10 years. He is a graduate of the University of North Carolina in Charlotte but went back to school at Catawba Valley Community College to get a second degree in Accounting. For the past five years, Bill …

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Did you receive Economic Impact Payments (EIP) one and two from the Internal Revenue Service? It is very important to communicate the dollar amount you have received thus far with your tax preparer for the completion of your 2020 tax return. Sharing this information will save preparation time, help to expedite your return quickly, and …

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2020 was a tough year for many people who found themselves supplementing their income to survive financially. It is very important to not forget that this gig economy income must be reported on your tax return. Many of these types of jobs helped people to connect with customers providing goods or services, such as renting …

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Welcome to the MSA Team Emily!!

MSA would like to welcome our newest Staff Accountant, Emily White. Emily was an intern for our company last summer and graduated in December with a Bachelor of Science in Accounting from Appalachian State University. She grew up near the mountains in Asheville, North Carolina, which is where she learned her love of hiking, fishing and …

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Did You Know That Unemployment Compensation is Taxable?

Millions of Americans received unemployment compensation in 2020. These are taxable benefits and withholding is voluntary. However, if taxes were not withheld, they may be owed on 2020 returns. By law, unemployment compensation is taxable and must be reported on a 2020 federal income tax return. Taxable benefits include any of the special unemployment compensation …

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Time to Get Tax Records Organized

Organizing your tax records is the first step to getting ready to prepare and file your 2020 tax return. Keeping all of your essential records (i.e. W-2s, 1099s, receipts, canceled checks and other tax support documents) together in one area will help you to be better organized when preparing your returns or sending them to your …

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MSA Promotes Stacee Rash to New Partner

A Hickory native and graduate of Elon University and Appalachian State University, Stacee Rash joined Martin Starnes and Associates, CPAs, P.A., in 2009 after two years with a national firm. Stacee is known for holding herself and others to high standards and taking pride in everything she does. She is an advocate for coaching, advising, and supporting …

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2021 Tax Filing Season Begins

The Internal Revenue Service (IRS) recently announced that February 12, 2021, will be the first day they will begin accepting and processing 2020 tax year returns. This later date allows the IRS time for additional programming and testing of their systems after the tax law changes that were announced December 27, 2020 providing a second round of …

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2021 Tax Season Office Protocols

We are eager to serve you and want to share our safety protocols related to Covid-19 this tax season. Let us assure you that we are taking the necessary precautions to protect both our clients and our employees to allow us to continue serving you throughout this pandemic, but we need your help! Below are a …

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New PPP Funding for Both First and Second Time Applicants

The application window for Paycheck Protection Program (PPP) forgivable loans will open Friday, January 15, for loans issued by smaller lenders and Tuesday, January 19, for loans issued by large banks. The linked article discusses details of the program. First time PPP borrowers may be eligible for $35 billion of new funding, which is available for …

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