Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

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  • Get SMART When it Comes to Setting Strategic Goals

                July 31, 2018 Strategic planning is key to ensuring every company’s long-term viability, and goal setting is an indispensable step toward fulfilling those plans. Unfortunately, businesses often don’t accomplish their overall strategic plans because they’re unable to fully reach the various goals necessary to get there. If this scenario…

  • The TCJA Prohibits Undoing 2018 Roth IRA Conversions, But 2017 Conversions Are Still Eligible

              August 7, 2018 Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover you would have been better off if…

  • Employee Spotlight – Joni Wright

    “He who is slave to the compass has the freedom of the sea.” – Oscar Wilde Joni Wright is an Administrative Assistant at Bradshaw, Gordon & Clinkscales, LLC. She has been with the firm twice, totaling 17 years! She has volunteered for many years with “Operation In as Much” and “Gifts in Kind” and has…

  • Do You Still Need to Worry About the AMT?

              July 31, 2018 There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A repeal wasn’t included in the final version of the Tax Cuts and Jobs Act (TCJA), but the TCJA will reduce the number of taxpayers subject to the…

  • Why the “Kiddie Tax” is More Dangerous Than Ever

            July 26, 2018 Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets. To discourage such strategies, Congress created the “kiddie” tax back in 1986. Since then, this tax has gradually…

  • Transitioning to Remote Audits

              July 24, 2018 Are you comfortable communicating electronically with your auditors? If so, a logical next step might be to transition from on-site audit procedures to a more “remote” approach. Remote audits can help reduce the time and cost of preparing audited financial statements. 21st-century audits: Traditionally, audit fieldwork has…

  • Trust is an Essential Building Block of Today’s Websites

            July 19, 2018 When the business use of websites began, getting noticed was the name of the game. Remember pop-up ads? Text scrolling up the screen? How about those mesmerizing rotating banners? Yes, there were — and remain — a variety of comical and some would say annoying ways to get…

  • 3 Traditional Midyear Tax Planning Strategies for Individuals that Hold Up Post-TCJA

            July 17, 2018 With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers need to revisit their tax planning strategies. Certain strategies that were once tried-and-true will no longer save or defer tax. But there are some that will hold up…

  • What You Can Deduct When Volunteering

            July 12, 2018 Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would also be deductible. Unfortunately, that’s not the case. Donations of time or services aren’t…

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