News and Events
Secure and Convenient Document Sharing with SafeSend
At Martin Starnes & Associates, CPAs, P.A., protecting your sensitive information is our priority. That’s why we use SafeSend, a secure and user-friendly platform for sending, receiving, and signing confidential documents. Why Use SafeSend? Standard email attachments can be risky. SafeSend provides an encrypted, efficient, and seamless way to exchange financial documents securely. Key Benefits: […]
Important Tax Season Reminder: Submission Deadlines for 2025
As we prepare for the 2025 tax season, we look forward to working with all of our valued clients once again. To help ensure a smooth and timely filing process, we want to remind you of the importance of submitting your tax documents by the deadlines outlined below. If we do not receive your information […]
What to Do If Your W-2 or 1099 Is Missing or Incorrect
If you have not received your W-2 or 1099 forms, or if the information on them is incorrect, it is important to address the issue quickly. These forms are essential for filing your tax return accurately. Here are the steps you should take: If your form is missing or has errors, reach out to the […]
Due by January 31 – Wage Statements and Information Returns
The IRS reminds employers and businesses that wage statements and certain information returns must be filed by January 31, 2025. This includes Form W-2 for employees and Form 1099-NEC for independent contractors. Copies must also be provided to employees and contractors by this date. All forms must be submitted electronically or postmarked by January 31. […]
Update your information and be on the lookout for your tax organizer.
As we begin preparing for the upcoming tax season, we kindly ask that you notify us if any of your information has changed. This includes your mailing address, phone number, email address, or banking information. Having accurate and up-to-date details ensures we can communicate with you seamlessly and handle your matters efficiently. Please do not […]
Boost Retirement Savings with the Saver’s Credit
The Saver’s Credit is a valuable tax incentive designed to encourage low- and moderate-income taxpayers to save for retirement. By contributing to retirement accounts such as Individual Retirement Arrangements (IRAs) or employer-sponsored plans like 401(k)s, eligible individuals can receive a tax credit that directly reduces their tax liability. For the tax year 2025, the maximum […]
NC SUTA 2025 Rate Updates: What Employers Need to Know
North Carolina employers, it is time to update your payroll! The Division of Employment Security (DES) has mailed the 2025 State Unemployment Tax Act (SUTA) tax rate assignments. Key updates for 2025: Make sure to update your payroll systems with the new wage base and rate to ensure compliance. If you did not receive your […]
– Action Required – Penalties if BOI Report Not Filed by 12/31/24
You may have a Beneficial Ownership Report (BOI) due by December 31, 2024 or incur substantial penalties for failure to file. This process is not covered under the tax code or under any standard accounting practice; therefore, we cannot file on your behalf. While it may be worthwhile for you to engage an attorney to complete this […]
Alternative Fuel Vehicle Refueling Property Credit
The Alternative Fuel Vehicle Refueling Property Credit is a federal tax credit that encourages individuals and businesses to install equipment that refuels vehicles using clean energy, like electric vehicles (EVs). Here is a breakdown of how this credit works and how you can benefit from it. What is the Credit? This credit lets you claim […]
Rebuilding Financial Records After Hurricane Helene
Reconstructing records after a disaster like Hurricane Helene is an essential step to rebuilding your life, particularly when it comes to financial, insurance, and tax records. Losing documents can feel overwhelming, but with some guidance, you can restore what’s needed. Here are the best steps and resources to help you in the process. IRS Assistance […]