From SCDOR: South Carolina Updates to Maximum Sales & Use Tax (Max Tax)
The South Carolina Department of Revenue (SCDOR) has announced changes concerning the state's Maximum Sales & Use Tax (Max Tax). Here are the key takeaways: Max Tax is a [...]
Fall Fest Presents: ESG with Walda Wildman
By Walda Wildman, CPA All kinds of big companies are playing up their compliance with ESG standards. However, those companies haven’t had any codified standards to use in preparing [...]
From the IRS: IRS Orders Immediate Stop to New Employee Retention Credit Processing
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants [...]
Fall Fest Presents: SECURE 2.0 with Karen Davis
By Karen Davis, EA, MBA, PhD The “Setting Every Community Up for Retirement Enhancement Act of 2020” (SECURE Act) made two significant retirement plan changes starting in 2020 – [...]
IRS & SCDOR Extend Tax Relief for All 46 South Carolina Counties Following Idalia
Updated 9/8/2023 On Wednesday, September 6, the Internal Revenue Service (IRS) announced an extension in tax filing and payment deadlines for individuals and businesses affected by the Idalia storm [...]
SCACPA Proposing Legislation to Address Pipeline Challenges
The compression of the CPA pipeline is an issue of state and national concern. SCACPA and societies in other jurisdictions and national organizations are continuously exploring avenues to relieve [...]
Invitation to the SC Works Annual Partner Job Fair
The following was provided by SC Works . SC Works cordially invites you to join them on September 20th, 2023, for the Annual SC Works Job Fair. This event [...]
From SCDEW: New Electronic Payment Method for Claimant Wage Garnishments
The following was provided by the South Carolina Department of Employment & Workforce Development SC DEW would like to announce that employers now have an additional option to make [...]
IRS Ends Unannounced Revenue Officer Visits
The Internal Revenue Service (IRS) recently announced a significant policy shift to improve safety, reduce confusion, and enhance taxpayer transparency. As part of their larger agency transformation efforts, the [...]
Rearview from the Dome
Provided by Copper Dome Strategies, LLC The 1st regular session of the 125th South Carolina General Assembly concluded last week. Many of the priorities going into the session were [...]
Pipeline Compression: A Quick Review & AICPA Inquiry
The compression of the CPA pipeline is an issue of state and national concern. SCACPA, as well as societies in other jurisdictions and national organizations, are continuously exploring avenues [...]
From Gallagher: Get Affordable Solutions for Your Workspace
Content provided by Gallagher. SCACPA members can access these benefits and more as a part of their membership benefits package. We believe that a well-equipped workspace contributes significantly to [...]
SCDOR To Stop Issuing Debit Cards for Refunds
In a recent announcement, the South Carolina Department of Revenue (SCDOR) has informed taxpayers and tax professionals, including CPAs, about a significant change in their refund disbursement process. Effective [...]
Important Regulations Updates & More from Legislative Season
Last year, the passage of S.812 significantly updated the Accounting Practice Act. Almost as soon as the ink dried on the bill, task forces began drafting revisions to the [...]
South Carolina Governor Appoints Brian J. Gaines as Comptroller General
In an Executive Order issued today, South Carolina Governor Henry McMaster announced the appointment of Brian J. Gaines as the new Comptroller General of the State of South Carolina. [...]
Leases
By Jaclyn Veno, CPA, Galasso Learning Solutions This article appears in the Spring 2023 issue of the South Carolina CPA Report For more than a decade, leases have been a [...]
SCDOR Launches Enhanced Online Business Tax Application
The South Carolina Department of Revenue (SCDOR) has launched an enhanced online Business Tax Application to simplify the registration process for new businesses in the state. The updated application [...]
SCACPA Board response to the AICPA DRAFT 8-POINT PLAN
At the beginning of 2023, the AICPA released a draft of an 8-point plan to address the challenges facing the CPA Pipeline. The SCACPA Board of Directors reviewed this plan [...]
From LLR: Licence Renewal Notice
The following email was sent from the South Carolina Department of Labor, Licensing and Regulation on December 3, 2022. Questions regarding this renewal process and your CPA license may [...]
Accountable Blog for CFOs: Thinking About Leaving: Maintaining Employee Retention During Leadership Change
When it comes to financial services, employees are the face of the business. While many people probably have the technical skill set to do the work, the relationships that [...]
New IRA Act Bolsters R&D Tax Credit for Early-Stage Companies
South Carolina Startups Could Save an Extra $250,000 Per Year, up to $2.5MM Submitted by Margaret Krajcer JD, Vice President and General Counsel of Tax Credits Group On August [...]
SC Election Results at a Glance
Prepared by Copper Dome Strategies First election under new state law that allowed for early voting A newly enacted voting law allowed for 12 days of early, in person [...]
CPA EVOLUTION: Tentative Key Dates Announced
The National Association of State Boards of Accountancy has announced tentative key dates regarding the implementation of the CPA Evolution initiative and the changes it will have on the [...]
Accountable: Blog for CFOs: Designing Websites & Making the Most of Your Online Presence
Originally posted on David's Accountable Blog It has often been said that you never get a second chance to make a first impression. While no one is quite sure [...]
Disaster Relief: Updates Regarding Hurricane Ian
Updated 10/10/2022 We just received news from the SC Department of Revenue regarding its response to Hurricane Ian. This announcement aligns the deadline extensions the IRS announced last week [...]
Auditors: AICPA GAQC Needs Your Feedback
The AICPA Government Audit Quality Center needs your feedback. Due to the historic amount of federal pandemic funding, the AICPA Government Audit Quality Center (GAQC) is gathering auditor feedback [...]
Accountable Blog: Why Do We Do CPE?
Submitted By David Peters, CPA, CFP, CLU, CPCU Visit Accountable: Blog for CFOs “I am just trying to get my credits in.” I have heard these words uttered by [...]
From SCDOR: Help Your Agribusiness Clients with These Tax Tips & Reminders
Submitted by the South Carolina Department of Revenue More than 240,000 employees work in the state’s agribusiness industry, which includes 25,000 farms as well as food producers and timber-related [...]
Accountable Blog: Navigating New Business Owner Client Meetings
Submitted By David Peters, CPA, CFP, CLU, CPCU Visit Accountable: Blog for CFOs I have been dealing with startup company issues for seemingly my entire career. I was [...]
SCACPA Announces Collaboration with Oliver Gospel Mission
The Oliver Gospel Mission in Columbia helps those experiencing homelessness, poverty, or addiction. Its vision is to guide those in need from separation to transformation. The organization works with [...]