Holcombe, Holtzclaw & Ravan LLC

Certified Public Accountants and Advisors

Serving Spartanburg and Upstate SC

LATEST NEWS & UpDATES

The new Form 1099-NEC and the revised 1099-MISC are due soon

The new Form 1099-NEC and the revised 1099-MISC are due soon

There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After sending the forms to recipients, taxpayers must file the...

PPP loans have reopened: Let’s review the tax consequences

PPP loans have reopened: Let’s review the tax consequences

The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you...

The COVID-19 relief law: What’s in it for you?

The COVID-19 relief law: What’s in it for you?

The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some of the highlights of the Consolidated Appropriations Act, which also contains two other laws: the...

Small businesses: Cash in on depreciation tax savers

Small businesses: Cash in on depreciation tax savers

As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you may benefit from the Section 179 depreciation tax deduction for business...

Taking distributions from a traditional IRA

Taking distributions from a traditional IRA

Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even more critical that you plan for withdrawals from these tax-deferred retirement vehicles. There...

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.