Informative Articles, Notices and Resources

Bradshaw, Gordon & Clinkscales, LLC

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  • Employee Spotlight – Mandy Satterfield

    “A woman is like a teabag; you never know how strong she is until she’s in hot water” – Eleanor Roosevelt When she came to BGC in 1984 as a bookkeeper, she had no way of knowing just how her life would change over the coming years. After several years of perseverance, hard work, and…

  • How Auditors Assess Risk When Preparing Financial Statements

      November 2, 2018   Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork. Why? Because your auditor wants to mitigate the risk of expressing an incorrect opinion regarding the accuracy and integrity of the company’s financial statements. Inadvertently signing off on financial statements that contain material misstatements…

  • Donate Appreciated Stock for Twice the Tax Benefits

    October 30th, 2018 A tried-and-true year-end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash? 2 benefits from 1 gift Appreciated…

  • Reduce Insurance Costs by Encouraging Employee Wellness

    October 25th, 2018 Protecting your company through the purchase of various forms of insurance is a risk-management necessity. But just because you must buy coverage doesn’t mean you can’t manage the cost of doing so. Obviously, the safer your workplace, the less likely you’ll incur costly claims and high workers’ compensation premiums. There are, however,…

  • Consider All the Tax Consequences Before Making Gifts to Loved Ones

      October 23, 2018 Federal Gift & Estate Tax Liability Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime gifts, be aware that which…

  • Following the ABCs of Customer Assessment

      October 17, 2018   When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established itself, those same owners might start looking at their buying constituency a little more critically. If your business has reached this point, regularly assessing your…

  • Employee Spotlight – Ellison Smith

    “That’ll do, Pig. That’ll do.” – Farmer Hoggett, Babe A Greenville native, Ellison has spent the better part of three decades working in the accounting field where he grew up. Working closely with his clients has always been important to him, and thankfully he has been able to do that every day since he was…

  • Cash vs. Accrual Reporting: Which is Right for Your Business?

      October 1, 2018   Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP). Starting this tax year, the Tax Cuts and Jobs Act (TCJA) has increased the threshold for businesses that…

  • Tax Planning for Investments Gets More Complicated

      September 27, 2018   For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year-end to save taxes. This year, you also need to keep in mind…

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