Holcombe, Holtzclaw & Ravan LLC

Certified Public Accountants and Advisors

Serving Spartanburg and Upstate SC

HHR is hiring!

Holcombe, Holtclaw and Ravan is seeking a full-time Staff Accountant to join our team.

LATEST NEWS & UpDATES

Social Security wage base is increasing in 2022

Social Security wage base is increasing in 2022

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income above this threshold aren’t...

How does your employer’s 401(k) plan work?

How does your employer’s 401(k) plan work?

Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work, here...

Got an endowment? You need an investment advisor

Got an endowment? You need an investment advisor

Since the beginning of the pandemic, financial markets have been riding a roller coaster. This volatility is a good reminder that if your nonprofit has an endowment, it could benefit from management by a professional investment advisor....

M&A transactions: Be careful when reporting to the IRS

M&A transactions: Be careful when reporting to the IRS

Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider of financial data. It reports that 2021 is set to be the biggest in M&A...

Is a Health Savings Account right for you?

Is a Health Savings Account right for you?

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet...

Consulting & Support Services

Holcombe, Holtzclaw & Ravan LLC offers a range of business support services to meet the diverse needs of our clients in Spartanburg, SC who own and manage businesses.  We have four QuickBooks Pro Advisors on staff,  all ready and able to help.

Professional Tax & Accounting Services

We are here not only to provide high quality, timely and pro-active tax, audit and accounting services but also to play a role as your lifetime advisor.

Accounting Resources

We have listed a few accounting and tax websites that you will find helpful and informative.