Kathryn Bruns, CPA
Do you remember the 2017 "TCJA" ?
You may recall, that about 7 years ago, the President at the time (Trump), implemented the "Tax Cuts and Jobs Act", which was a pretty...
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Kathryn Bruns CPA PLLC
1944 Hendersonville Rd #E-1
Asheville, NC 28803
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Park South Office Complex
828-595-3366
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Kathryn Bruns, CPA
- Jul 9
- 1 min
More exceptions to the 10% penalty tax on early retirement withdrawals
Hello, how are you all doing ? Summer is flying on by (I think so anyway). Hopefully you are aware that if you withdraw funds from your...
61 views0 comments
Kathryn Bruns, CPA
- May 13
- 1 min
Are you in one of the highest "tax-burden" states ?
Hi clients and friends, how is your spring shaping up? I am enjoying a more "normal" life again, after 3 1/2 months of dealing with a...
61 views0 comments
Kathryn Bruns, CPA
- Feb 1
- 1 min
Are you sure you're an independent contractor ?
The US Department of Labor (DOL) recently published an "official" rule document regarding the notion of "economic reality" for...
34 views0 comments
Kathryn Bruns, CPA
- Jan 4
- 2 min
How to navigate deductible travel expenses
Tax season is pretty much upon us ! What better time to bring up one of the "gray-est" and most difficult and contentious topics for...
28 views0 comments
Kathryn Bruns, CPA
- Dec 4, 2023
- 2 min
New small business reporting requirement
Hi everyone ! I hope you are enjoying the holiday season so far. Before you know it, it will be 2024 ! Speaking of 2024, are you aware...
133 views0 comments
Kathryn Bruns, CPA
- Nov 3, 2023
- 2 min
Maximizing the impact of 2024 EV credits
IRS Revenue Procedure 2023-33 provides guidance for the ability of a taxpayer to transfer a "clean vehicle" tax credit to an "eligible...
55 views0 comments
Kathryn Bruns, CPA
- Oct 10, 2023
- 2 min
Subsidized healthcare application begins November 1st - need help?
Hi everyone...fall is certainly here with its drastically cooler weather (perfect hiking weather!). I hope all is well with you and your...
46 views0 comments
Kathryn Bruns, CPA
- Aug 8, 2023
- 2 min
Hobby or Business ?
Are you aware of why it is important to consider whether your activity is deemed a hobby or business in the eyes of the IRS? If you are...
47 views0 comments
Kathryn Bruns, CPA
- Jul 6, 2023
- 1 min
Beware of ERC "windfall" claims
Hi everyone, I have decided to do a piece on the Employee Retention Credit (ERC) since advertisers of companies that are offering to help...
55 views0 comments
Kathryn Bruns, CPA
- Feb 1, 2023
- 2 min
"Gift Tax" refresher and new 2023 amount
Hi clients and friends, I'm catching up on the last month's tax news before immersing myself too deeply into tax season. I came across...
126 views0 comments
Kathryn Bruns, CPA
- Jan 2, 2023
- 1 min
2023 business mileage deduction
Continuing the increase trend due to inflation, the mileage allowance has increased to 65.5 cents per mile beginning 1/1/2023. Medical...
71 views0 comments
Kathryn Bruns, CPA
- Dec 16, 2022
- 1 min
NC income tax rate continues its decline
Hi North Carolinans (or is it North Carolinians?) ! Did you know that the NC income tax rate is going from 4.99% in 2022 (which was...
112 views0 comments
Kathryn Bruns, CPA
- Dec 2, 2022
- 1 min
2023 North Carolina interest rate increase
Hi everyone, it's already December, so I hope you're already into or getting into the spirit of the Holidays ! I know that I am, and...
111 views0 comments
Kathryn Bruns, CPA
- Nov 1, 2022
- 1 min
Maybe this is the year to get an IP-PIN from the IRS
Hi everyone ! I've noticed an increase in scam and spam activity over the last 6 months to a year. I myself have had to be more vigilant...
90 views0 comments
Kathryn Bruns, CPA
- Sep 8, 2022
- 2 min
What is the "NC pass-through entity tax"?
Hi everyone, hope you had/are having a nice summer ! I haven't done an info. post in a while, and something I wanted to bring up and...
106 views0 comments
Kathryn Bruns, CPA
- Jun 20, 2022
- 1 min
Business mileage deduction
In case you haven't heard, as a way to help deal with gas prices, the mileage allowance will increase to 62.5 cents per mile on 7/1. ...
44 views0 comments
Kathryn Bruns, CPA
- Jun 1, 2022
- 1 min
Business entity choices
Hi clients and friends ! How is your spring kicking off? I've noticed a lot of new businesses forming and former employees becoming...
76 views0 comments
Kathryn Bruns, CPA
- Feb 16, 2022
- 1 min
Please try to have all business related meals provided by restaurants and related business types
A typical business related "meals" situation that is entitled to a tax deduction, is when the owner brings in food for a staff meeting. ...
51 views0 comments
Kathryn Bruns, CPA
- Jan 28, 2022
- 2 min
A few more nice tax changes for NC
Hello clients and friends ! I hope your 2022 year is starting off nicely.... Continuing from my last post (NC Senate Bill 105 signed in...
497 views0 comments
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