Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

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  • What You Need to Know About Year-End Charitable Giving in 2017

    Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete control over when and how much you give. Here are some important considerations to keep in mind this year to ensure you receive the tax benefits you desire. Delivery date To be deductible on your…

  • 529 Plans

    For well over a decade, college tuition rates have been rising much faster than inflation. Between the 2004-05 and 2014-15 academic years, prices for undergraduate tuition, fees, room and board at public institutions rose 33%! While private nonprofit and private for profit institutions did not rise quite as fast—26% and 18% respectively, how can working…

  • 5 Common Sources of Substantive Audit Evidence

    Do you understand how auditors verify account balances and transactions? This knowledge can minimize disruptions when the audit team visits your facilities and maximize the effectiveness of your audit. Here’s a list of five common sources of “substantive evidence” that auditors gather to help them form an opinion regarding your financial statements. 1. Confirmation letters. Auditors…

  • Critical connection: How costs impact pricing

    As we head toward year-end, your company may be reviewing its business strategy for 2017 or devising plans for 2018. As you do so, be sure to give some attention to the prices you’re asking for your existing products and services, as well as those you plan to launch in the near future. The cost…

  • Employee Spotlight – Brett Hancock

    “Strive not to be a success, but rather to be of value.“ Brett Hancock, CPA is a Tax Manager at Bradshaw, Gordon & Clinkscales, LLC. He joined the firm in 2016 and has more than seven years of experience in the accounting industry. Brett specializes in income tax preparation and planning for a variety of…

  • How profitable are your customers?

      “We love our customers!” Every business owner says it. But all customers aren’t created equal, and it’s in your strategic interest to know which customers are really strengthening your bottom line and by how much. Sorting out the data If your business systems track individual customer purchases, and your accounting system has good cost…

  • Even if your income is high, your family may be able to benefit from the 0% long-term capital gains rate

    We’re entering the giving season, and if making financial gifts to your loved ones is part of your plans — or if you’d simply like to reduce your capital gains tax — consider giving appreciated stock instead of cash this year. Doing so might allow you to eliminate all federal tax liability on the appreciation, or at…

  • South Carolina Textiles Communities Revitalization Act

    Textile manufacturing played a significant role in the history of South Carolina. It began with small water-powered mills. These soon gave place to large mills with a complete village around each mill for the workers. These, in turn, have given place to other advances in technology and economic changes that have left most of these…

  • Employee Spotlight – Adam Francisco

    Adam Francisco is a Senior Auditor at Bradshaw, Gordon & Clinkscales, LLC. He joined the firm in 2015 and has several years of experience in the accounting industry. Adam specializes in audits, reviews and compilations for manufacturing clients, construction contractors and governmental entities. Adam graduated from Syracuse University in 2012 with a Bachelor of Science…

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