Kathryn Bruns, CPA
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...
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Kathryn Bruns CPA PLLC
1944 Hendersonville Rd #E-1
Asheville, NC 28803
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Park South Office Complex
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828-595-3366
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Kathryn Bruns, CPA
- Oct 10
- 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...
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Kathryn Bruns, CPA
- Aug 8
- 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...
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Kathryn Bruns, CPA
- Jul 6
- 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...
49 views0 comments
Kathryn Bruns, CPA
- Feb 1
- 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...
123 views0 comments
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...
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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...
110 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...
86 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...
103 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. ...
42 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...
73 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. ...
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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...
493 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...
76 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...
124 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...
90 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...
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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...
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