Kathryn Bruns CPA

Kathryn Bruns CPA Certified Public Accountant providing tax services, accounting/bookkeeping, consulting

Do you earn significant income from tips?   Learn more: https://wix.to/3kuSFD9
10/22/2025

Do you earn significant income from tips? Learn more: https://wix.to/3kuSFD9

As a refresher, one of the new tax rules to come in to play for 2025, is a deduction of up to $25,000 on tip income. I'm not going to get in to ALL the details of this new rule at this time, but I wanted to point out that a preliminary list of the occupations that qualify for this deduction has been...

We are implementing new tax payment withdrawal protocols. Stay informed and learn how these changes affect you. Read mor...
09/04/2025

We are implementing new tax payment withdrawal protocols. Stay informed and learn how these changes affect you. Read more here: https://wix.to/rVOliXN

This post is geared towards my current clients, and of course I will be communicating more formally about it in my upcoming service agreement and tax organizer communication.In the past, I advised client to NOT have me permit my tax software to do automatic withdrawals to pay any tax return tax due....

Happy 4th! A significant moment as the 'Big Beautiful Bill' has been signed into law. Curious about the tax changes? Che...
07/04/2025

Happy 4th! A significant moment as the 'Big Beautiful Bill' has been signed into law. Curious about the tax changes? Check out the full details here: https://wix.to/vTfrHSf

Happy 4th ! You may be tired of hearing about the "Big Beautiful Bill" that has been tossed around for a while and was just signed today. However, it's my duty and desire to track and report on the tax items. They are numerous and I have not yet taken a deep dive, but in the meantime, here is a quic...

Hi clients and friends! It’s been a while since my last tax piece. The IRS has announced 'no more checks.' What does thi...
06/13/2025

Hi clients and friends! It’s been a while since my last tax piece. The IRS has announced 'no more checks.' What does this mean for you? Read more here:

Hi clients and friends, it's been a while since I wrote a tax piece. Time's just flying on by and summer is pretty much here....Have you heard about the IRS doing away with checks? This means both issuing checks and accepting payment by check. The plan is to implement this starting September 30. Not...

πŸŽ‰ Happy New Year! The new 2025 business mileage rate has been announced! πŸš— As we move into the new year, it's important ...
01/06/2025

πŸŽ‰ Happy New Year! The new 2025 business mileage rate has been announced! πŸš— As we move into the new year, it's important to stay updated with these changes that may affect your travel expenses. Get all the details in our latest blog post! Check it out here: https://wix.to/YI5a92p

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 per mile. Starting 1/1/2025, the new rate is 70 cents per mile. The rate for charitable miles stays the same at 14 cents, and the rate for medical/moving stays the s...

Check out my blog post https://wix.to/seO2YRh
12/13/2024

Check out my blog post https://wix.to/seO2YRh

I have previously written about some extended tax due date relief granted to victims of Hurricane Helene (and any federally declared disaster). I want to now provide a brief overview of losses that may be deducted on your tax return related to these disasters. If any of my clients believe they may h...

Check out my blog post https://www.kathrynbrunscpa.com/post/2025-irs-tax-brackets-and-standard-deductions
11/25/2024

Check out my blog post https://www.kathrynbrunscpa.com/post/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 exciting....just the usual inflation adjustments.As an example, a married joint couple with taxable income of $150,000 falls into the 22% bracket. For 2024, that b...

Check out my blog post https://wix.to/UfA4mFp
10/31/2024

Check out my blog post https://wix.to/UfA4mFp

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 case that indicates that certain records should be retained a lot longer.General Rules:IRS can assess for 3 years after return was due (extensions count) or the date r...

Check out my blog post https://wix.to/3vpHHwP
10/10/2024

Check out my blog post https://wix.to/3vpHHwP

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 getting back in to my office today, which now has power, internet and running water.As your CPA, I feel it's my duty to inform you of some tax/accounting relief issues re...

For all real estate rental owners !  https://wix.to/oV5nuSS
09/26/2024

For all real estate rental owners ! https://wix.to/oV5nuSS

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 relevant to them. What caught my eye this last month was a recent Tax Court case involving someone that claimed they were a "real estate professional, and as such....

2026 will be here before you know it ! https://wix.to/nqBzTRd
08/16/2024

2026 will be here before you know it ! https://wix.to/nqBzTRd

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 significant set of tax changes. I believe these changes first impacted the 2018 tax returns. At the time, much was written to explain some of the new laws, but the i...

Address

1944 Hendersonville Road #E-1
Asheville, NC
28803

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 5:30pm

Telephone

(828) 595-3366

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