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Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

Blog
  • Drive Success with Dashboard Reports

    August 3rd, 2020 Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in a vehicle or machine, dashboard reports provide a real-time snapshot of how your business is performing. Why you need a dashboard report Everything in a dashboard report can typically be found elsewhere…

  • Take advantage of a “stepped-up basis” when you inherit property

    July 23, 2020 If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. Fair market value rules Under the fair market value basis rules (also known as the “step-up and step-down” rules), an heir receives a basis in inherited property equal to its…

  • Does Your Business Have A Unique Selling Proposition?

    July 20th, 2020 Many business owners — particularly those who own smaller companies — spend so much time trying to eliminate weaknesses that they never fully capitalize on their strengths. One way to do so is to identify and explicate your unique selling proposition (USP). Give it some thought In a nutshell, a USP states…

  • Employee Spotlight – Adam Francisco

    Adam Francisco is a Senior Auditor at Bradshaw, Gordon & Clinkscales, LLC. He has been with the firmfor 5 years and specializes in construction, governmental and manufacturing organizations. He graduated from Syracuse University in 2012 with a Bachelor of Science in Economics and a minor inAccounting. Adam enjoys playing outside with his two children, watching…

  • After you file your tax return: 3 issues to consider

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis.

  • Adjusting Your Financial Statements For COVID-19 Tax Relief Measures

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis.

  • What qualifies as a “coronavirus-related distribution” from a retirement plan?

    June 23, 2020 As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify? In other words, what’s a coronavirus-related distribution? In general, if you withdraw money from an IRA or eligible…

  • Employee Spotlight – Kendra Sparks

    Kendra Sparks is a Senior Tax Accountant at Bradshaw, Gordon & Clinkscales, LLC. She has been with the firm for 12 years and worked at two major CPA firms prior to joining BGC. Kendra specializes in high net worth individuals, estates and trusts. She graduated from Virginia Tech in 2000 with a degree in Accounting….

  • If you’re selling your home, don’t forget about taxes

    June 16th, 2020 Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association of Realtors (NAR) reports that existing home sales in April decreased year-over-year, 17.2% from a year ago. One bit of good news is that home prices are…

Bradshaw, Gordon & Clinkscales, LLC