News and Events
American Rescue Plan Overview
The Internal Revenue Service (IRS) recently provided an overview of some of the key tax provisions in the American Rescue Plan Act (ARPA). Tax law updates and changes are never-ending. To keep abreast of updated developments, you will want to regularly check the IRS.gov site. Taxpayers who have already filed their 2020 returns are urged […]
IRS Begins Unemployment Compensation Income Tax Return Correction
Beginning this week, the IRS began issuing refunds to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted ARPA later excluded from taxable income. Corrections are being made automatically in a phased approach. To learn more about these corrections and refunds, please click here . Source: Internal Revenue Service
Ko Tang Cha-Moses Graduates from The Chamber of Catawba County’s Commerce Leadership Program
Ko Tang Cha-Moses, Senior Manager at Martin Starnes & Associates, CPAs, P.A. became a graduate of the 46 th class of the Leadership Catawba program on May 13, 2021. A luncheon was held at Lake Hickory Country Club and certificates were given by Kim Dahlsten and Dedra Flournoy, Chairwoman of the Chamber Board, while officiated by […]
Cooper Signs Income Tax Interest Waiver into Law
On April 27, 2021 Governor Roy Cooper signed an income tax interest waiver into law. This new law waives any interest accrued on the underpayment of individual income taxes between April 15, 2021 and the extended filing deadline of May 17, 2021. This bill also addresses three other important matters: The Extra Credit Grants and […]
We Have a New Domain!
We are excited to announce our new domain at msa.cpa. The .cpa domain is a new, secure domain exclusively available to verified CPA firms to enhance client trust and protect your data. The email address has changed to @msa.cpa but our @martinstarnes.com email continues to work if replying to that email address. Please keep this […]
Do You Tweet?
We have recently updated our Twitter handle to MSA_CPAs_PA@MSA_CPAs. Be sure to update our information and follow our tweets!
2021 COVID-19 Relief for Employers – NC Unemployment Tax Rate Reduction
ATTENTION BUSINESS OWNERS!!! Have you received your UPDATED Unemployment Tax Rate Assignment RETROACTIVE to January 1, 2021? Under N.C. Senate Bill 114, the employer base contribution rate to the Unemployment Insurance Trust Fund for 2021 has been reduced from 2.4% to 1.9%. The base contribution rate is one of the factors used to calculate an […]
Five Way to Reduce Engagement Stress
Audit and tax time can be stressful, we get it. Preparing for and working with your accountant until the engagement is complete takes time and effort, in addition to your regular, daily duties of keeping things running. Here are some ways to reduce that engagement-time stress and make the process as smooth as possible. 1. […]
Critical Blood Shortage
Are you able to donate blood to help others? Please support your community and help with the blood shortage during these times of COVID-19. Social distancing protocols are being observed. Click here to donate to the American Red Cross. We all thank you for your donation! Source: American Red Cross
American Rescue Plan Act is Passed
On March 11, 2021 – H.R. 1319, the American Rescue Plan Act (ARPA) of 2021 was signed into law. The ARPA will provide financial relief of approximately $1.9 trillion to individuals, businesses, not-for-profit organizations, and state and local governments during the pandemic. We want to highlight several tax items that will affect federal income taxes […]