top of page

®
Kathryn Bruns CPA PLLC
1944 Hendersonville Rd #E-1
Asheville, NC 28803
​
Park South Office Complex

828-595-3366
Search
2025 business mileage rate
Happy New Year ! For those of you who use this, the new 2025 mileage rate has been announced. As a reminder, the 2024 rate was 67 cents...

Kathryn Bruns, CPA
Jan 61 min read
9 views
0 comments


Casualty Loss Summary
I have previously written about some extended tax due date relief granted to victims of Hurricane Helene (and any federally declared...

Kathryn Bruns, CPA
Dec 13, 20242 min read
68 views
0 comments


2025 IRS tax brackets and standard deductions
Hello client and friends, Just a quick note that IRS rates and standard deductions have been released for 2025. Nothing too different or...

Kathryn Bruns, CPA
Nov 25, 20241 min read
58 views
0 comments


How long should you retain tax returns and records ?
I get asked this question quite a bit and my quick answer is "generally 7 years". Here is a bit of a deeper dive, and a recent court...

Kathryn Bruns, CPA
Oct 31, 20242 min read
54 views
0 comments


Checking in after Helene
I hope everyone is doing OK during this difficult time in western NC. Please drop me a line and let me know how you are. I'm just...

Kathryn Bruns, CPA
Oct 10, 20242 min read
94 views
0 comments


Do you want to be considered a "real estate professional" for tax reasons? Be careful.
Hello clients and friends ! When I review the latest tax news, I try to find and write about items I believe some of my clients may find...

Kathryn Bruns, CPA
Sep 26, 20243 min read
32 views
0 comments


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...

Kathryn Bruns, CPA
Aug 16, 20241 min read
98 views
0 comments


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...

Kathryn Bruns, CPA
Jul 9, 20241 min read
67 views
0 comments


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...

Kathryn Bruns, CPA
May 13, 20241 min read
64 views
0 comments


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...

Kathryn Bruns, CPA
Feb 1, 20241 min read
35 views
0 comments


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...

Kathryn Bruns, CPA
Jan 4, 20242 min read
28 views
0 comments


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...

Kathryn Bruns, CPA
Dec 4, 20232 min read
136 views
0 comments


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...

Kathryn Bruns, CPA
Nov 3, 20232 min read
55 views
0 comments


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...

Kathryn Bruns, CPA
Oct 10, 20232 min read
47 views
0 comments


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...

Kathryn Bruns, CPA
Aug 8, 20232 min read
48 views
0 comments


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...

Kathryn Bruns, CPA
Jul 6, 20231 min read
56 views
0 comments


"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...

Kathryn Bruns, CPA
Feb 1, 20232 min read
127 views
0 comments


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...

Kathryn Bruns, CPA
Jan 2, 20231 min read
71 views
0 comments


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...

Kathryn Bruns, CPA
Dec 16, 20221 min read
112 views
0 comments


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...

Kathryn Bruns, CPA
Dec 2, 20221 min read
113 views
0 comments
bottom of page