Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

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  • Tax Record Retention Guidelines for Individuals

    What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none. You need to hold on to all of your 2017 tax records for now. But it’s the perfect time to go through old tax records and see what you can discard. The 3-year and 6-year rules At…

  • Individual Tax Calendar: Important Deadlines for the Remainder of 2018

    While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need to be aware of. To help you make sure you don’t miss any important 2018 deadlines, here’s a look at when some key tax-related forms,…

  • You Still Have Time to Make 2017 IRA Contributions

    Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible contributions can be beneficial. Don’t lose the opportunity The 2017 limit for total contributions to…

  • Employee Spotlight – Wanda Sanders

    “You must be the change you wish to see in the world” – Mahatma Gandhi Wanda Sanders is an Administrative Assistant at Bradshaw, Gordon & Clinkscales, LLC. She has been with the firm almost a year and specializes in various client services and taking care of the firm’s Accounts Payable and Accounts Receivable. She received…

  • Corporate Culture: Rotten Apples Could Spoil Your Financials

      Auditors often say that the tone at the top of an organization trickles down to every level of the business. Is your company’s work environment ethical and open? If not, corporate culture assessments can help prevent and detect unethical and criminal behaviors. But, to cover all the bases, your external auditors generally must work…

  • Home vs. Away: The Company Retreat Conundrum

    When a business decides to hold a retreat for its employees, the first question to be answered usually isn’t “What’s our agenda?” or “Whom should we invite as a guest speaker?” Rather, the first item on the table is, “Where should we have it?” Many employees, and some business owners, might assume a company retreat,…

  • How Materiality is Established in an Audit or a Review

      When accountants conduct an audit or review, they can’t test every transaction. Instead, they set a “materiality” threshold. This benchmark is used to obtain reasonable assurance in an audit — or limited assurance in a review — of detecting misstatements that could be large enough, individually or in the aggregate, to be material to the financial statements. What…

  • Building a Sales Prospect Pipeline for your Business

      An old business adage says, “Sales is a numbers game.” In other words, the more potential buyers you face, the better your chances of making sales. This isn’t completely true, of course; success also depends on execution. Nonetheless, when a company builds a pipeline to funnel prospects to its sales team, it will increase…

  • Size of Charitable Deductions Depends on Many Factors

    Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors affecting your deduction is what you give: Cash. You may deduct 100%…

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