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BGCLLC Certified Public Accountants Greenville, SC

Is Unused PTO a Problem? Consider a Contribution Arrangement

January 4, 2023

A new year has arrived. For many businesses, this means employees’ paid time off (PTO) arrangements have reset. And at companies with “use it or lose it” policies, workers have likely left a few or perhaps many unused hours on the table. It’s a Growing Problem A July 2022 survey conducted by Sorbet, a provider […]

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BGCLLC Certified Public Accountants Greenville, SC

SECURE 2.0 Law May Make You More Secure in Retirement

January 3, 2023

A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022. SECURE 2.0 is meant to build on the original […]

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BGCLLC Certified Public Accountants Greenville, SC

FAQs about QuickBooks

January 3, 2023

Almost 40 years after its launch, QuickBooks® remains the leading accounting software program for small and medium-sized businesses. If you decide to use QuickBooks for your bookkeeping needs, you may have questions about implementation and using it to run your operations. Here are answers to some basic frequently asked questions (FAQs) to help you get […]

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BGCLLC Certified Public Accountants Greenville, SC

Look Forward to Next Year by Revisiting Your Business Plan

December 28, 2022

Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a good way to double-check your objectives and expectations is to revisit your business plan. Remember your business plan? If you created one recently, or keep yours updated, it might […]

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BGCLLC Certified Public Accountants Greenville, SC

Renting to a relative? Watch out for tax traps

December 27, 2022

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating […]

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BGCLLC Certified Public Accountants Greenville, SC

Weathering the storm of rising inflation

August 4, 2022

Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies. Is it time for business owners to panic? Not at all. As of this writing, a full-blown recession is possible but not an absolute certainty. And the impact of inflation […]

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