This is the final installment in our QM series that addresses the proposed audit standard. The audit standard assists the engagement team to understand their responsibilities in applying the [...]
The South Carolina Department of Revenue has issued many advisory opinions over the past year that clarify taxability on topics that have generated a high degree of discussion. The [...]
By Copper Dome Strategies Friday, Feb. 26, 2021 The Senate worked into the evening twice this week before approving a bond bill for port improvements and the COVID-19 Liability [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
The South Carolina Department of Employment and Workforce offers several options to report suspected cases of unemployment benefit fraud, identity theft and job refusals. The preferred method to submit your [...]
By Copper Dome Strategies Friday, Feb. 19, 2021 After heated debate and a Democratic walkout, the House adopted the Fetal Heartbeat bill this week, which was signed into law [...]
This week, we continue our discussion of the AICPA's proposed changes to Quality Management. SQMS 2 addresses the role and responsibilities of the engagement quality reviewer. We will look [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
David Peters, in addition to being SCACPA’s advisor on B&I topics, is an acclaimed and in-demand educator about the financial industry. As a featured speaker for SCACPA, an adjunct [...]
Ah, the formidable corporate budgeting process. You're never going to get the funding you ask for, the budget will inevitably be blown halfway through the year, and the [...]
Many outdated areas are being updated, including mobility, education and CPA Exam requirements By David Knoble, CPA, CGMA | SCACPA Member since 2010 In addition to my role as [...]
Among notable CPAs in South Carolina history, Dr. Joseph L. “Joe” Boyd (certificate No. 572) is believed to be the first African American CPA in South Carolina in 1971. [...]
The AICPA has issued three new proposals related to quality management. The new SQM Standards will replace the extant quality control (SQCS) and provide a more scalable and risk-based QM [...]
By Copper Dome Strategies Friday, Feb. 12, 2021 The House Judiciary Committee met into the evening on Tuesday and adopted the Fetal Heartbeat bill. The Senate approved a measure [...]
The South Carolina Association of CPAs is proud to produce its annual “Tax Guide for Legislators,” which assists our representatives with their specific income tax implications of being a [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
SCACPA Advocacy: How to Talk to Legislators and Other Key People Best Practices for SCACPA Chapter Leaders and Members Getting to know your local legislators is critical as the [...]
Regarding the subject of partner “tax capital accounts.” It is a requirement for large partnerships in 2020 returns. Lynn Nichols, SCACPA’s advisor and speaker on Tax topics, believes that [...]
The AICPA's Professional Ethics Executive Committee (PEEC) has issued a Temporary Policy Statement regarding recent changes by the SEC to its independence rules. Because the rules do not align [...]
By Copper Dome Strategies Friday, Feb. 5, 2021 The General Assembly met in Joint Session on Wednesday for judicial elections. Gov. Henry McMaster announced that beginning Monday, Feb. 8, [...]
The S.C. Department of Employment and Workforce reminds employers and workers that abusing federal relief funding such as Paycheck Protection Program loans could lead to severe consequences. Among the [...]
As a CPA, you know a lot. But, in today’s changing environment, there are a lot of subjects where you probably have a fair share of questions. That’s why [...]
Forbes has named Columbia-based CPA firm Bauknight Pietras & Stormer to its annual “Top Accounting Firms in America” list for the second year in a row. BPS was honored [...]
David Peters, in addition to being SCACPA’s advisor on B&I topics, is an acclaimed and in-demand educator about the financial industry. As a featured speaker for SCACPA, an adjunct [...]
Many employees still aren't saving for retirement every paycheck. Dave talks with Taylor Watts, a financial advisor and investment analyst at Carroll Financial, about giving employees the best chance [...]
ASB has issued its second ASU of 2021 addressing a new practical expedient for revenue recognition. "ASU 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient," offers private [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
IMPORTANT SCHOLARSHIP DEADLINE APPROACHING! The deadline to apply for the AICPA/SCACPA Scholarship Award for Minority Accounting Students is 3 p.m. on Monday, March 1. Awards can range from $3,000-$5,000. [...]