Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

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  • Consider the Tax Advantages of Investing in Qualified Small Business Stock

    June 19, 2018  While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15%, and 20%. The 0% rate generally applies to taxpayers in the bottom two ordinary-income tax brackets (now 10% and 12%), but you no longer have…

  • Which Intangibles Should Private Firms Report Following a Merger?

    6/18/18 Private performance metrics: Intangible Assets Companies that merge with or acquire another business must identify and recognize — separately from goodwill — the fair value of intangible assets that are separable or arise from contractual or other legal rights. Valuing intangibles can be costly, subjective and complex, often requiring the use of third-party appraisers…

  • A Midyear Review Should Go Beyond Financials

    6/14/18 Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably encounter a few bumps along the way and, hopefully, reach your destination with some success and a few lessons learned. The middle of the year is the perfect time to stop for a breather….

  • The Tax Impact of the TCJA on Estate Planning

    6/13/18 The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number of taxpayers who’ll be subject to them, at least…

  • Factor in State and Local Taxes When Deciding Where to Live in Retirement

    06/07/18 Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision. These include: Income taxes Property taxes Sales tax Choosing a state that has no personal income tax may appear to be the best option. But that might not be…

  • Could a Long-Term Deal Ease Your Succession Planning Woes?

      June 6, 2018 Some business owners — particularly those who founded their companies — may find it hard to give up control to a successor. Maybe you just can’t identify the right person internally to fill your shoes. While retirement isn’t in your immediate future, you know you must eventually step down. One potential…

  • Bookings vs. Shippings: A Sales Flash Report Primer

            06/05/18 Do bad sales months often take you by surprise? If so, don’t forget the power of flash reports — that is, snapshots of critical data for quick, timely viewing every day or week. One specific way to use them is to track bookings vs. shippings. Doing so can help you…

  • Employee Spotlight – Peter Tiffany

    “Nothing can take the place of dedicated work” – Teddy Roosevelt Peter specializes in business tax, individual tax, litigation support, and business valuation. Peter is a Certified Public Accountant, and is Accredited in Business Valuation, Certified in Financial Forensics, and is a Certified Global Management Accountant. He received a degree in Business Administration from the…

  • Don’t Let Collaborative Arrangements Cause Financial Reporting Headaches

      June 1, 2018 Businesses often enter into so-called “collaborative arrangements” when they partner with another entity on a major project. Unfortunately, the current guidance for these types of arrangements under U.S. Generally Accepted Accounting Principles (GAAP) is somewhat vague. Here are some questions that may arise as participants report shared costs and revenue on…

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