Posts

Robot and young woman face to face.

Do Machines Have Social Skills?

January 22, 2024

No need to worry right away, because as technology dictates workplace functions on new terms, we will still rely on the unique soft skills only humans can provide. Workers will continue to play an indispensable role in creating and cementing links among their teams, management, clients and outside constituents. AI cannot operate with empathy, kindness […]

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Toy car and text REFINANCE with copy space. Car loan refinancing concept

How To Speed Up Your Refinance

January 22, 2024

When you refinance, you are swapping out your current mortgage loan for a new one. Your lender will need to check your credit reports and credit score and make sure your monthly income is high enough for you to afford your new mortgage payment. This comes with closing costs. How much you pay will vary, […]

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Charging Electric Car Battery at Electric Recharge Station. Modern Hybrid Auto. New Alternative Energy Vehicle. Futuristic Transport, Green Energy, Eco City Concept. Flat Cartoon Vector Illustration.

Clean Cars and Your Tax Bill

January 22, 2024

You may qualify for a credit of up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in or fuel cell electric vehicle. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Thus, there are a lot of I’s to […]

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Tax time and tax forms 1040. U.S Individual Income Tax Return.

What Employees Need To Know About Income Tax Withholding

January 15, 2024

Workers who are considered employees do not have to pay their own taxes during the year. Instead, employers withhold income tax from their employees’ paychecks and pay it to the IRS on behalf of the employee. Now, if not enough tax is withheld from each employee’s paycheck, then the employee might end up receiving an […]

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BGCLLC Certified Public Accountants Greenville, SC

Pocket a Tax Break for Making Energy-Efficient Home Improvements

August 1, 2023

An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making your home more energy efficient — and there’s a cool tax break that may apply. Thanks to the Inflation Reduction Act of 2022, you may be able to […]

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BGCLLC Certified Public Accountants Greenville, SC

Moving Mom or Dad Into a Nursing Home? 5 Potential Tax Implications

July 28, 2023

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there may be tax consequences. Let’s take a look at five possible tax breaks. 1. Long-Term Medical Care The costs of qualified long-term care, including nursing home care, […]

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