Scott and Company Advisor
Scott and Company’s Richard Bhola Joins South Carolina Chamber of Commerce Board of Directors
COLUMBIA, SC – October 20, 2020 – Scott and Company LLC, one of South Carolina’s leading accounting, tax, and consulting firms, is pleased to announce that Richard Bhola has joined the South Carolina Chamber of Commerce Board of Directors for 2020-21. Bhola, a member in Scott and Company’s Assurance and Advisory Services department, has…
Employee Spotlight – Kurt Kuchenbrod
Where did you go to college?After attending Florida State University for two years, I transferred to the University of South Carolina where I received my Accounting degree and Master of Accountancy. What year did you join Scott and Company? I started working at Scott and Company on September 2, 2019. Why did you choose Scott and…
Still Waiting for the IRS to Cash Your Check?
During the COVID-19 pandemic, the IRS has furloughed many of its employees or had them work from home to mitigate the spread of the virus. Many IRS offices remained shuttered for months, and a backlog of millions of pieces of unopened mail accumulated in trailers set up outside IRS facilities. This includes unopened mail with…
Thinking of Dumping Old Tax Records?
Tired of having all those old tax records taking up drawer or closet space and collecting dust. Want to dump as much as you can? People often ask how long records must be kept and the amount of time IRS has to audit a return after it is filed. How long to keep the records…
What You Need to Know About Health Savings Accounts
The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a way for individuals with high-deductible health plans (HDHPs) to save for medical expenses that are not covered by insurance due to the high-deductible provisions of their insurance coverage. HSA as a…
Recent Blog Posts
- What to Expect from Potential Tax Changes Under President Trump’s New Term — and How to Prepare
December 6, 2024 - Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones
December 6, 2024 - The SCALE Method for CECL: A Streamlined Approach to Expected Credit Losses
October 16, 2024 - Avoiding the Scavenger Hunt for Your Estate
October 16, 2024
10 Tips for Better Budgeting…
Scott and Company Advisor, Volume 5 Issue 6
If you already have a budget, it’s probably been difficult for you to stick with it for the last several months. Unless you provide products and/or services that have been in great demand since the COVID-19 pandemic took hold, you’ve had to adjust your budget significantly. Better days are ahead, though, and now is a…