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Ask the Right Questions About Your IT Strategy

Ask the Right Questions About Your IT Strategy

May 25, 2018

  05/25/18 Most businesses approach technology as an evolving challenge. You don’t want to overspend on bells and whistles you’ll never fully use, but you also don’t want to get left behind as competitors use the latest tech tools to operate more nimbly. To refine your IT strategy over time, you’ve got to regularly reassess […]

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Innovation in Customer Service

4 Ways to Encourage Innovation in Customer Service

May 23, 2018

05/23/18 When business people speak of innovation, the focus is usually on a pioneering product or state-of-the-art service that will “revolutionize the industry.” But innovation can apply to any aspect of your company — including customer service. Many business owners perceive customer service as a fairly cut-and-dried affair. Customers call, you answer their questions or […]

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Sending Your Kids to Day Camp May Provide a Tax Break

Sending Your Kids to Day Camp May Provide a Tax Break

May 22, 2018

May 22, 2018 When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child is involved with is day camp, you might be eligible for a tax credit! Dollar-for-dollar savings Day camp (but not overnight camp) is a qualified expense under the child and dependent care […]

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IRS Issues Guidance to Ease Transition to FASB’s New Revenue Recognition Rule

IRS Issues Guidance to Ease Transition to FASB’s New Revenue Recognition Rule

May 21, 2018

  May 21, 2018 In 2014, a new accounting standard on how to recognize revenue from contracts was issued by the Financial Accounting Standards Board (FASB). Now the IRS is allowing a new automatic change in accounting method for businesses to use to conform with the new financial accounting standard. This will allow for more […]

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BGCLLC Certified Public Accountants Greenville, SC

Employee Benefit Plans

May 17, 2018

The Employee Retirement Income Security Act (ERISA) contains a requirement for annual audits of plan financial statements by an independent qualified public accountant, if certain criteria are met. Plans with 100 or more participants (a large plan which completes a Schedule H) are subject to the audit requirement. Employees are considered participants as soon as […]

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Cost Control Takes a Total Team Effort

Cost Control Takes a Total Team Effort

May 16, 2018

May 16, 2018 “That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another cliché, you’ve got to spend money to make money. But that doesn’t mean you have to take rising operational costs sitting down. Cost control is a formal management technique through which you […]

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