News and Events

The tax season is upon us! The Internal Revenue Service is strongly encouraging taxpayers to select direct deposit to receive their refund when filing electronically. The benefits of direct deposit are: It’s fast. It’s secure. It’s easy. It provides options. Click on here to learn more about direct deposit for your tax refund. Source: Internal …

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2022 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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NCDOR Offers Business Recovery Grants to Eligible Businesses

Did you know the State of North Carolina is offering a one-time payment to eligible North Carolina businesses that have experienced a significant economic loss due to COVID-19? Businesses may be eligible to receive funds up to $500,000. The application period closes January 31, 2022. Click here to read more about these grants. Source: North Carolina Department …

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January 31, 2022 Deadline for Wage Statements & Information Returns

Form W-2 and other wage statements must be filed by employers by Monday, January 31, 2022. Form 1099-NEC, which reports non-employee compensation, must be filed by employers by Monday, January 31, 2022. Both of these forms are due to recipients by Monday, January 31, 2022. Click on the links below for more information on these …

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NCDOR Requires Electronic Filing of Annual Withholding Tax Reconciliation

Employers are required to file 2021 Form NC-3 electronically, along with Forms W-2 and Forms 1099-NEC. A $200 penalty will be assessed for failure to comply. These forms must be submitted by Monday, January 31, 2022.    Click on the links below for filing information for Form NC-3, Form W-2 and Form 1099-NEC.   Upload eNC3 NC …

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Are You Prepared for the 2022 Tax Season?

The Internal Revenue Service recently announced that they will begin accepting and processing 2021 tax year returns on January 24, 2022. Click on the links below to learn how to prepare for your tax return and what to expect ahead of the April 18, 2022 deadline. Tips to Make Tax Filing Easier 2022 Tax Filing …

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Important Child Tax Credit and Third Round Economic Impact Payment Letters Coming Your Way!!!

ATTENTION TAXPAYERS WHO RECEIVED ADVANCE CHILD TAX CREDIT (CTC) PAYMENTS AND ALSO RECIPIENTS OF THE THIRD ROUND OF THE ECONOMIC IMPACT PAYMENTS IN 2021! The Internal Revenue Service (IRS) recently announced that letters are being sent to those who received the aforementioned items and urge you to keep these for use when preparing your 2021 …

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Martin Starnes and Associates, (MSA) would like to wish you and your families a very Happy New Year.    In addition to the personal challenges of 2021, we all had to juggle many new tax laws and regulatory changes. It seemed every week there was something new to consider by way of government regulation. Congress afforded businesses …

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