News and Events

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

The Social Security Administration (SSA) has made a significant announcement. Starting in 2024, over 71 million Americans will see a 3.2 percent increase in their Social Security and Supplemental Security Income (SSI) benefits. This means that the average Social Security retirement benefit will go up by more than $50 per month. Most people who get […]

For many individuals and businesses, the end of the year typically brings with it thoughts of charitable contributions and tax planning. Art, often a valuable asset, sometimes becomes the focus of donation considerations. However, there is a growing need to be vigilant about scams related to art donations and the potential pitfalls of improper deduction […]