Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

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  • Following the ABCs of Customer Assessment

      October 17, 2018   When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established itself, those same owners might start looking at their buying constituency a little more critically. If your business has reached this point, regularly assessing your…

  • Employee Spotlight – Ellison Smith

    “That’ll do, Pig. That’ll do.” – Farmer Hoggett, Babe A Greenville native, Ellison has spent the better part of three decades working in the accounting field where he grew up. Working closely with his clients has always been important to him, and thankfully he has been able to do that every day since he was…

  • Cash vs. Accrual Reporting: Which is Right for Your Business?

      October 1, 2018   Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP). Starting this tax year, the Tax Cuts and Jobs Act (TCJA) has increased the threshold for businesses that…

  • Tax Planning for Investments Gets More Complicated

      September 27, 2018   For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year-end to save taxes. This year, you also need to keep in mind…

  • Keeping a King in the Castle with a Well-Maintained Cash Reserve

      September 21, 2018   You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors or simply executing its own strategic plans. One way to ensure that there’s always a…

  • The Tax Deduction Ins and Outs of Donating Artwork to Charity

    September 17, 2018 If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the capital gains taxes you’d owe if you sold the property….

  • Sustainability Reports Look Beyond the Numbers

    September 17, 2018 In recent years, environmental, social and governance (ESG) issues have become a hot topic. Many companies voluntarily include so-called “sustainability disclosures” about these issues in their financial statements. But should the Securities and Exchange Commission (SEC) make these disclosures mandatory and more consistent? Identifying ESG issues: The term “sustainability” refers to anything…

  • Are You Ready to Expand to a Second Location?

    September 12, 2018 Most business owners want to grow their companies. And one surefire sign of growth is when ownership believes the company can expand its operations to a second location. If your business has reached this point or is nearing it, both congratulations and caution are in order. You’ve clearly done a great job…

  • You Might Save Tax if Your Vacation Home Qualifies as a Rental Property

              September 11, 2018   Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental property this year. Vacation home expenses that qualify as rental property expenses aren’t subject to the…

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