Category Archives: Articles

Jarrard, Nowell & Russell LLC Promotes Jay Gibson and Aaron Gaspar

Charleston, S.C. — Jarrard, Nowell & Russell, LLC, a Charleston-based accounting and business advisory firm, has promoted both Jay Gibson and Aaron Gaspar to senior accountants.  Gibson, who has been with the firm since January of 2014, prepares business, tax exempt, fiduciary, sales, and personal tax returns in addition to providing bookkeeping, payroll, and audit Continue Reading »

Jarrard, Nowell & Russell adds staff accountant

Charleston, S.C. — Jarrard, Nowell & Russell, LLC (JNR), a Charleston-based accounting and business advisory firm, has named Robin Bellin staff accountant at the firm’s North Charleston office. Bellin, who holds an associate degree in accounting from Trident Technical College, brings over 20 years of experience to the firm. She previously worked as an accountant Continue Reading »

Tax Records – What to Keep

IR-2016-162 WASHINGTON – As tax filing season approaches, the Internal Revenue Service has information for taxpayers who wonder how long to keep tax returns and other documents. Generally, the IRS recommends keeping copies of tax returns and supporting documents at least three years. Some documents should be kept up to seven years in case a Continue Reading »

2017 Standard Mileage Rates for Business, Medical and Moving Announced

IR-2016-169 WASHINGTON — The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: Continue Reading »

Reminder: Employers Face New Jan. 31 W-2 Filing Deadline; Some Refunds Delayed Until Feb. 15

IR-2016-143, Oct. 28, 2016 WASHINGTON — The Internal Revenue Service today reminded employers and small businesses of a new Jan. 31 filing deadline for Forms W-2. The IRS must also hold some refunds until Feb. 15. A new federal law, aimed at making it easier for the IRS to detect and prevent refund fraud, will Continue Reading »

Hurricane Matthew Update

Hurricane Matthew Information Update President Barack Obama declared a major disaster exists in the State of South Carolina, late Tuesday afternoon, and ordered Federal aid to supplement state and local recovery efforts in 13 counties most severely affected by Hurricane Matthew. On October 10, Governor Haley formally requested a disaster declaration from the White House Continue Reading »

Hurricane Matthew Information Update

The South Carolina Association of CPAs is working with the IRS and the South Carolina Department of Revenue to provide you timely information in the aftermath of Hurricane Matthew. Governor Haley has requested the President issue an expedited Major Disaster Declaration for 13 counties. The number of counties could increase depending on findings as emergency Continue Reading »

Casualty Losses

Due to the recent flooding in Charleston, clients might be interested in ways they can potentially minimize the effects of flood damage. Hurricane Joaquin affected many taxpayers in South Carolina. Some individuals may have been victims of flood damage resulting in damages to their home and/or personal property. Due to the amount of damage, the Continue Reading »

Searching for an Accounting Firm? Strategies for Choosing a Firm that Works for You

With the number of accounting firms out there growing, finding the one for you can easily become an overwhelming experience. So, how do you go about choosing the right accounting firm? Start with the basics. View the article here. Searching for an Accounting Firm? Strategies for Choosing a Firm that Works for You was last Continue Reading »