Welcome to RCHolden Business Services LLC

At RCHolden Business Services LLC, we specialize in expert tax preparation services to help you maximize your refund. Our team in Charleston SC is dedicated to providing top-notch accounting solutions for individuals and businesses.

The Big Beautiful Bill and How it may affect your 2025 return!

The BBB has many new deductions for federal tax filers

-Over 65 yrs of age get an additional standard deduction of $1600-$2000 per qualifying condition from total income

- Over 65 yrs of age will also claim  the enhanced senior deduction of another $6000 for Single or MFS filers and $12,000 for MFJ with phase out limits applicable.\

-Claimed Tips up to $25,000.00 can be deducted from total income

-Loan interest on purchases of some new vehicles can be deducted from your total income

-The "half" portion of any time and a half overtime is deductible from total income under the Premium Overtime Deduction

All new deductions are calculated using Schedule 1-A and reported on your 1040 tax return

South Carolina Does not recognize the changes made by the BBB, how does this affect your state return?

-For each deduction listed above that can be taken federally, these are added back into your total income for your South Carolina Return

-However, even though SC does not recognize the BBB Enhanced senior tax deduction, South Carolina offers a 65yr and older can take an additional $15,000.00 off state taxable income

-SC also offers additional investment deductions for Pensions, 401k and IRA distributions and Annuities

 

Our services

We offer a range of specialized services tailored to meet your individual needs. Our approach is focused on understanding and responding to what you require, providing effective and practical solutions.

Individual (1040) Tax Return

Comprehensive individual tax preparation services, helping you navigate complex tax laws and optimize your returns..

Effortless Payroll Services for Your Business

Efficient and accurate payroll processing services, ensuring your employees are paid on time and in compliance with all regulations. Automatic employee and employer tax filing. 

 

Business Tax Return

Expert preparation of business taxes, ensuring compliance and maximizing potential deductions for your business.

Frequently Asked Questions

What documents do I need for tax preparation?
You will need your W-2 forms, 1099s, and any other relevant financial documents for tax preparation.

How often should I update my financial records?
It is recommended to update your financial records monthly to ensure accuracy and compliance.

Can you help with retirement planning?
Yes, our financial consulting services include retirement planning to help you secure your financial future.

“I have been a client of RCHolden Business Services LLC for years, and I am consistently impressed by their professionalism and attention to detail. Their tax preparation services have saved me time and money. Highly recommend!”

 

Contact us

Have a question or want to book an appointment? Fill out the form below or give us a call at (843)822-5157

About us

RCHolden Business Services LLC is a trusted accounting firm based in Charleston SC. With years of experience in tax preparation, bookkeeping, and payroll services, our team is dedicated to providing top-notch accounting solutions for individuals and businesses.