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BGCLLC Certified Public Accountants Greenville, SC

Find Time for Strategic Planning

January 3, 2018

Lost in the weeds Business owners put off strategic planning for many reasons. New initiatives, for example, usually don’t begin to show tangible results for some time, which can prove frustrating. But perhaps the most significant hurdle is the view that strategic planning is a time-sucking luxury that takes one’s focus off of the challenges […]

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BGCLLC Certified Public Accountants Greenville, SC

Attestations

January 2, 2018

Attestation (at-tes-ta-tion) n. the act of affirming something to be correct, true or genuine; to certify by signature, oath or in an official capacity. In broad terms, an attestation is a third party certification that a document is valid. Ideally, the party acting as the witness has no professional or personal association with any of […]

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BGCLLC Certified Public Accountants Greenville, SC

Tax Cuts and Jobs Act: Key Provisions Affecting Individuals

December 27, 2017

On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years. Commonly called the “Tax Cuts and Jobs Act” (TCJA), the new law means substantial changes for individual taxpayers. The following is a brief overview of some of the most significant provisions. Except where noted, these changes are […]

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BGCLLC Certified Public Accountants Greenville, SC

7 Steps to Choosing a Successor for Your Family Business

December 22, 2017

    There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built the company up from nothing but, by the third generation, the would-be owner is back in shirtsleeves with nothing because the business failed or was sold. Although you can’t guarantee […]

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BGCLLC Certified Public Accountants Greenville, SC

Employee Spotlight – Amanda McAbee

December 21, 2017

“If you see someone without a smile, give them yours.“ Amanda McAbee, CPA is an Audit Manager at Bradshaw, Gordon & Clinkscales, LLC. She joined the firm in 1999 and has 18 years of experience in the accounting industry. Amanda specializes in compilations, reviews and audits for manufacturing, construction and nonprofit organizations. Amanda graduated from […]

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BGCLLC Certified Public Accountants Greenville, SC

401(k) Retirement Plan Contribution Limit Increases for 2018

December 20, 2017

  Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who’re already maxing out their contributions is that the 401(k) limit has gone up by $500. The only other limit that has increased from the […]

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