Holcombe, Holtzclaw & Ravan LLC

Certified Public Accountants and Advisors

Serving Spartanburg and Upstate SC

We are looking forward to the bright future of Holcombe, Holtzclaw & Ravan LLC!

Danny Holcombe (Managing Partner) shares a story of success and announces the exciting news.

LATEST NEWS & UpDATES

Business Valuation Certification and Training

Business Valuation Certification and Training

Danny M. Holcombe, CPA and Lisa R. Frye, CPA have earned their Certified Valuation Analyst (CVA) credential from the National Association of Certified Valuators and Analysts. The CVA designation assures the business, professional, and...

5 key points about bonus depreciation

5 key points about bonus depreciation

Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years 2023 through 2027. Thus, an 80% rate will apply to property placed in service in 2023, 60% in 2024, 40% in 2025, and...

Will You Have to Pay Tax on Your Social Security Benefits?

Will You Have to Pay Tax on Your Social Security Benefits?

If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will you have to pay? It depends on your other income. If you’re taxed, between 50% and 85% of your benefits...

CARES Act made changes to excess business losses

CARES Act made changes to excess business losses

The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses to file amended tax returns. If you...

Should your nonprofit accept that new grant?

Should your nonprofit accept that new grant?

Current financial pressures mean that your not-for-profit probably can’t afford to pass up offers of support. Yet you need to be careful about blindly accepting grants. Smaller nonprofits that don’t have formal grant evaluation processes...

The possible tax consequences of PPP loans

The possible tax consequences of PPP loans

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP basics The Coronavirus Aid, Relief and...

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.