Godbold, Romanov & Love CPAs

Godbold, Romanov & Love CPAs Welcome to the page of Godbold, Romanov & Love CPAs. Certified Public Accounting Firm

Self-employed individuals often miss legitimate tax savings. Don’t let this happen to you. Learn the basics of claiming ...
06/08/2026

Self-employed individuals often miss legitimate tax savings. Don’t let this happen to you. Learn the basics of claiming business expense deductions, including those for your home office, meals, vehicle and more.

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for sole proprietors and independent contractors, and five examples of expense deductions that are commonly overlooked or m...

Not all intangible assets are created equal in the eyes of the IRS. Learn the federal income tax treatment for capital v...
06/04/2026

Not all intangible assets are created equal in the eyes of the IRS. Learn the federal income tax treatment for capital vs. noncapital self-created intangibles — and why the distinction matters to small business owners.

Many modern businesses rely on intangible assets, such as goodwill, trademarks and customer lists. But the IRS doesn’t treat all intangibles the same way. Questions about how these assets are taxed often arise when a business is sold, ownership changes hands, or intellectual property is licensed o...

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think aga...
05/28/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many self-employed individuals are eligible for contributions without realizing it.

Self-employed? Don’t overlook a Roth IRA Some small business owners overlook Roth IRAs because they assume their income is too high for them to qualify to make Roth contributions. Others may think their current tax rate is higher than it will be in retirement, making current tax deductions more va...

Certain small businesses may qualify for various federal tax breaks. But different tax provisions use different size tes...
05/26/2026

Certain small businesses may qualify for various federal tax breaks. But different tax provisions use different size tests. Read on to learn more about big tax breaks for small businesses that meet one such test.

Although your business may seem big to you, you may wonder how the government classifies it for tax purposes. If your organization qualifies as a “small business,” you may enjoy several important tax advantages. But the rules for specific tax provisions vary. So, depending on your size, you migh...

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Learn the warning signs and ways to forti...
05/11/2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Learn the warning signs and ways to fortify your defenses.

Tax Identity Theft

Does your business own commercial real property? A closer look at your building costs could change how quickly you can d...
05/04/2026

Does your business own commercial real property? A closer look at your building costs could change how quickly you can deduct those expenses. A cost segregation study can uncover tax savings hidden in plain sight.

Cost segregation and tax savings

C corporation shareholders usually owe tax on gains from selling stock. But with qualified small business (QSB) stock, o...
04/28/2026

C corporation shareholders usually owe tax on gains from selling stock. But with qualified small business (QSB) stock, owners hold the key to a potential gain exclusion. Is this strategy right for your business?

Unlock tax-free gains with QSB stock

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is con...
04/22/2026

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is considered passive under the IRS’s passive activity loss rules.

Material Participation in LLC and LLP

Beware, small business owners: As your workforce grows, ACA compliance can become a costly surprise without proper plann...
04/14/2026

Beware, small business owners: As your workforce grows, ACA compliance can become a costly surprise without proper planning.

Many small businesses don’t have enough employees to worry about the play-or-pay provisions of the Affordable Care Act (ACA). However, as your business grows, these rules can apply sooner than expected. This issue also may not be on your radar because there’s a common misconception that the repe...

The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assum...
04/06/2026

The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify — or aren’t sure where to start. Learn how the credit works and what to consider.

research and development credits

Address

1131 48th Avenue N, Ste A
Myrtle Beach, SC
29577

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+18434976116

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