Kathryn Bruns, CPA
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...
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Kathryn Bruns CPA PLLC
1944 Hendersonville Rd #E-1
Asheville, NC 28803
Park South Office Complex
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Kathryn Bruns, CPA
- Jun 20
- 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. ...
31 views0 comments
Kathryn Bruns, CPA
- Jun 1
- 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...
64 views0 comments
Kathryn Bruns, CPA
- Feb 16
- 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. ...
40 views0 comments
Kathryn Bruns, CPA
- Jan 28
- 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...
483 views0 comments
Kathryn Bruns, CPA
- Dec 17, 2021
- 1 min
2022 mileage allowance
Hello ! A bit of "good" news in the tax world. The new business mileage allowance for 2022 is going up to 58.5 cents per mile. Not...
73 views0 comments
Kathryn Bruns, CPA
- Nov 19, 2021
- 3 min
The wait in NC is finally over !
Hi everyone ! I know it has been such a long time since I have posted some news. The last several months have been driving us North...
122 views0 comments
Kathryn Bruns, CPA
- Jul 19, 2021
- 1 min
The 2021 Advanced Child Tax Credit
2020 was a difficult tax year, filled with new provisions designed to help folks affected by COVID-19. 2021 is going to be another...
49 views0 comments
Kathryn Bruns, CPA
- Jul 1, 2021
- 1 min
IRS says more audits to come
Dear Clients and Friends, I hope you're having a nice summer so far ! In case you haven't heard, the IRS has announced that they are...
86 views0 comments
Kathryn Bruns, CPA
- May 27, 2021
- 1 min
"Prepaid" Child Tax Credit
In case you haven't heard, one of the items from March's "American Rescue Plan", was to send families with children monthly pre-payments...
26 views0 comments
Kathryn Bruns, CPA
- Apr 28, 2021
- 1 min
NC "fixes" interest charge from 4/15/2021 to 5/17/2021
A whole slew of side issues arises when the federal and states change their tax rules suddenly. The latest change from March 2021...
74 views0 comments
Kathryn Bruns, CPA
- Mar 16, 2021
- 1 min
"American Rescue Plan Act of 2021"
We're still dealing with tax season for 2020, but it never hurts to look ahead a bit... The Act signed last week has some tax impact...
67 views0 comments
Kathryn Bruns, CPA
- Feb 1, 2021
- 1 min
2020 is the Tax Return for Reconciling the 2 Recovery Rebate EIPs
Taking a look at the 2020 Form 1040, I can see how the reconciliation of the two issued "Economic Impact Payments" will take place. Big...
128 views0 comments
Kathryn Bruns, CPA
- Jan 19, 2021
- 1 min
"Tax Season" is starting a bit later this year
The IRS has recently announced that the "official" start date for filing income tax returns is Feb 12. What this means is that this is...
73 views0 comments
Kathryn Bruns, CPA
- Dec 30, 2020
- 1 min
2021 Mileage Value
Since 2021 is only 2 days away, I thought you may like to know the new 2021 mileage allowance, so you can make sure your substantiation...
57 views0 comments
Kathryn Bruns, CPA
- Dec 22, 2020
- 2 min
Taxes during the holidays
In case you missed it, after months of negotiations, there is another COVID relief bill which is over 5,000 pages long ! Most taxpayers...
65 views0 comments
Kathryn Bruns, CPA
- Nov 25, 2020
- 1 min
Happy Thanksgiving
Dear Clients and Friends, I want to express my gratitude for being a part of my business/life, and I hope tomorrow brings a day of peace,...
49 views0 comments
Kathryn Bruns, CPA
- Nov 23, 2020
- 1 min
No need to pay a filing service to deal with your annual reports
Dear business owners, Depending on the form of your business (LLC, Inc, etc.) you may need to file an annual report and pay a fee with...
32 views0 comments
Kathryn Bruns, CPA
- Nov 17, 2020
- 1 min
In-person office hours for the next 5 months
Dear Clients and Friends, Effective immediately and through April 15, 2021, in-person meetings are BY APPOINTMENT ONLY as follows:...
50 views0 comments
Kathryn Bruns, CPA
- Nov 9, 2020
- 1 min
Tax and Finances into the future
I'm a proponent of being financially independent and secure. Although no one should obsess over their money, the responsible thing to do...
60 views0 comments