News and Events

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 […]

Increased Health FSA Limits for 2024: Important Changes & Impacts

The Internal Revenue Service (IRS) has announced a notable update for employees utilizing health flexible spending accounts (FSAs) in 2024. The annual contribution limit for health FSAs will see an increase, allowing employees to allocate additional funds towards their healthcare expenses. This adjustment reflects ongoing changes in the economic landscape and aims to provide enhanced […]

IRS Announces Delay in Form 1099-K Threshold:

The IRS’s Recent Decision on 1099-K Reporting: A Step Towards Clarity The Internal Revenue Service (IRS) has made a significant announcement affecting taxpayers and tax professionals nationwide. In a recent statement, the IRS confirmed the postponement of the $600 threshold for reporting transactions on Form 1099-K. This decision marks the second consecutive year of delay […]

Last Minute Withholding Tips: Closing 2023 Right

As 2023 draws to a close, it is crucial for taxpayers to take a moment to review their tax withholding. This isn’t just about avoiding surprises when filing taxes next year, but also about achieving a balance that works best for your financial situation. Even late-year adjustments can significantly affect your tax outcome and help […]

Growing Your Retirement: 2024 Increased Retirement Contributions

Keeping up with retirement savings can be a bit like gardening – you plant seeds now for a bountiful harvest later. As we look ahead to 2024, the IRS has made some updates for the year 2024 that increase how much you can contribute to your retirement accounts. These changes mean you could potentially save […]

Giving with caution: Ensuring your generosity counts

In the wake of global crises and natural disasters, the innate generosity of individuals often shines brightest, leading many to open their hearts and wallets to help those in need. The Internal Revenue Service (IRS), however, has issued a warning urging donors to exercise caution, as there are individuals and groups ready to exploit this […]