Kathryn Bruns, CPA
"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...
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Kathryn Bruns CPA PLLC
1944 Hendersonville Rd #E-1
Asheville, NC 28803
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Kathryn Bruns, CPA
- Jan 2
- 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...
49 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...
101 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...
107 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...
81 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...
95 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. ...
38 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...
70 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. ...
44 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...
490 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...
75 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...
35 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...
78 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...
131 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...
75 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...
61 views0 comments
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