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Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

Blog
  • Employee Spotlight – Raul Cardona

    “Never let your memories be greater than your dreams.” – Douglas Ivester Raul Cardona is a Staff Tax Accountant at Bradshaw, Gordon & Clinkscales, LLC. He has been with the firm for 2 years and enjoys working with real estate companies and non-profit organizations. Raul graduated from USC Upstate with a Bachelor of Science in…

  • Uncle Sam May Provide Relief from College Costs on Your Tax Return

                  September 17th, 2019 We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state students at public four-year universities — and $35,830 for students at private not-for-profit four-year institutions….

  • Preview: Auditing Grant Compliance

    September 9th, 2019 Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here’s what grant recipients should know to help facilitate matters and ensure compliance at all levels. Federal compliance Federal awards require compliance with the Uniform Administrative Requirements, Cost…

  • Putting Together The Succession Planning And Retirement Planning Puzzle

    Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you must save for your golden years while also creating, updating and eventually executing a succession plan.

  • Employee Spotlight – Brian Graham

    “However beautiful the strategy, you should occasionally look at the results.” – Winston Churchill A twenty year veteran in accounting & one of BGC’s newest partners, Brian utilizes his acquired skills in all areas of taxation, but with specialized emphasis in estate, trust, gift, and high net worth individuals. Though Brian hasn’t been with BGC…

  • Expenses That Teachers Can and Can’t Deduct on Their Tax Returns

    When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. Therefore, the IRS can come after either spouse to collect the entire tax — not just the part that’s attributed to one spouse or the other.

  • Taking Distributions From Your Traditional IRA

    When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. Therefore, the IRS can come after either spouse to collect the entire tax — not just the part that’s attributed to one spouse or the other.

  • Reporting Discontinued Operations

    August 13th, 2019    Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset group or another component. In certain situations, such a disposal should be reported as a discontinued operation under U.S. Generally Accepted Accounting Principles (GAAP). Starting in 2015, the rules changed, limiting the scope…

  • The Tax Implications of Being a Winner

    August 7th, 2019 If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winning at gambling Whether you win at the casino, a bingo hall, or elsewhere, you must report 100% of your winnings as taxable…

Bradshaw, Gordon & Clinkscales, LLC