SCDOR: Help Your Clients Plan for Tax Free Weekend
Submitted by the South Carolina Department of Revenue South Carolina’s 2022 Tax Free Weekend is August 5-7, and the South Carolina Department of Revenue (SCDOR) wants to help retailers [...]
Genuine Learning Blog – Ethics Interpretation Proposal: Compliance Audits
The AICPA's Professional Ethics Executive Committee (PEEC) has proposed some new independence rules related to compliance audits. The AICPA is aware that much of the new COVID19 related funding [...]
Tax to the Max | June 23 – IRS Push with Form 7203 For S Corp Basis Reporting
A monthly conversation about the latest tax issues and updates. What's trending this month? Be Careful About Ownership Structure to Pass Credits Through to Owner Disability Benefits Included in [...]
Genuine Learning Blog: FASB ITC- Government Assistance for Business Entities
FASB has issued an Invitation to Comment to gather feedback about the operability of leveraging IAS 20 for government grants for for-profit entities in the US. The ITC does [...]
From SCDOR: Help Your Clients Go Green & Save Time & Money
Submitted by the South Carolina Department of Revenue If you or your clients use MyDORWAY, Go Green this summer to save time and money! Starting June 27, the South [...]
CPA Practice Act Passed: What Comes Next
One month ago, we celebrated the signing of Senate Bill 812 into law. The CPA Practice Act resulted from hours of conversations around conference tables and discussions with legislators, [...]
Genuine Learning Blog: Engage 2022
The GLS team had a great time this week in Las Vegas for the ENGAGE conference. The team was able to interact with clients and colleagues both at the [...]
Genuine Learning Blog: AICPA Issues TQA on OI
The AICPA has issued a TQA in May addressing reporting and dating issues related to Other Information (OI) received after the date of the auditor's report. SAS 137 added [...]