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 [...]
Finding the Right DEI Implementation is Critical to Future Success
From The Center for Accounting Transformation Research shows organizations that embrace all differences come out ahead on every level. To deepen our understanding of DEI journeys of accounting professionals, [...]
From SCDOR: State’s Top Delinquent Taxpayers paid $8.5M to State in 2021
Submitted by the South Carolina Department of Revenue Hundreds of South Carolina’s top delinquent taxpayers paid the state more than $8.5 million in 2021 after their debts were published [...]
Exposure Draft: Proposed 2024 CPA Exam Changes
The Exposure Draft, Maintaining the Relevance of the Uniform CPA Examination® - Aligning the Exam with the CPA Evolution Licensure Model, is available for public comment. The draft is [...]
From SCDOR: Is Your Client’s Hobby a Business? Tips to Help You Find Out
Submitted by the South Carolina Department of Revenue Even before the pandemic, a majority of U.S. households had a hobby that involved making a product, from artwork and furniture [...]
From SC BOA: Ethics CPE Requirement for 2022 Calendar Year
The following was sent to all SC CPA Licensees from the South Carolina Board of Accountancy on July 1, 2022. The Board may be contacted at Contact.Accountancy@llr.sc.gov. To support [...]
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 [...]
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, [...]
SCACPA Advocacy Wins: Two Bills Signed by Gov. McMaster
South Carolina CPAs received two significant legislative wins this past week. South Carolina Governor Henry McMaster (R) signed two bills into law that positively impact the CPA profession in [...]
Accountable Blog: Remote Work & Expiring COVID Restrictions
Submitted by David Peters, CPA, David Peters Financial Group As COVID restrictions are starting to come to an end, many companies are making decisions around whether to continue to [...]
SCACPA Legislative Alert: S.812 Updates to the CPA Practice Act
With SCACPA member support and the efforts of volunteer leaders, South Carolina CPAs scored a major victory at the State House. On Thursday, May 5, the South Carolina House [...]
From SCDOR: What to Do If Your Client Can’t Afford to Pay Their Taxes
Submitted by the South Carolina Department of Revenue If your clients have a tax bill and are worried they can't pay, the SCDOR wants them to know they have [...]
SCDOR Revenue Ruling 22-x: Employer Wage Withholding Requirements
Yesterday, the South Carolina Department of Revenue Policy Division released a public draft of Revenue Ruling 22-x: Employer Wage Withholding Requirements. According to the SCDOR, the purpose of this [...]
SCDOR Has Tax Tips for Many of Your Clients
Submitted by South Carolina Department of Revenue No matter who your clients are, the South Carolina Department of Revenue (SCDOR) has tax tips to help guide taxpayers wherever they [...]
SCATE Card: What You Need to Know
Submitted by the South Carolina Department of Revenue If you have clients who buy or sell exempt agricultural products, learn more about the SCATE card. In February, the South [...]
SCACPA COO/CFO Appointed to First Steps Board of Trustees
SCACPA COO/CFO Jacque Curtin, CPA, CGMA, was recently appointed to the Board of Trustees for the South Carolina First Steps to School Readiness. Senator Thomas Alexander, President of the [...]
SCACPA Advocates for Businesses and Practitioners on Schedules K-2, K-3
The AICPA, SCACPA, and 51 other state CPA societies sent a letter to Assistant Treasury Secretary Lily Batchelder and IRS Commissioner Charles Rettig regarding widespread concerns on the Schedules [...]
Claiming the Federal Research and Development Tax Credit? Don’t Overlook the State Opportunity
Submitted by Margaret Krajcer, JD, vice president and general counsel of Tax Credits Group. TCG is a Cleveland-based firm specializing in federal and state R&D tax credits and the [...]
Tax season is in full swing! Here are some helpful reminders for tax professionals.
Submitted by the SC Department of Revenue If your work as a tax professional involves helping clients file Individual Income Tax returns, you’re probably finding that each day is [...]
AICPA Auditing Standards Board Responds to SCACPA Comments
During 2021, the AICPA’s Auditing Standards Board invited comments on its exposure draft, Proposed Quality Management Standards. According to an AICPA press release (February 2021), “the standards offer a [...]
DYK: CPAs Can File BPP Taxes Using MyDORWAY?
Submitted by the South Carolina Department of Revenue Did you know that during the month of January, the SCDOR distributes approximately 70% of its Business Personal Property (BPP) filing [...]
Accountable Blog: Managing Insurance Renewals
The end of the year is a busy time for CFOs and Controllers. In addition to finishing up their CPE requirements for the year, those working in industry are [...]
From the IRS: Important Pre-Filing Season Information
Submitted by the IRS With preparations for the next tax season starting, please note the IRS will be sending out two letters to taxpayers in January: Letter 6419 - [...]
Treasury, IRS Set Filing Season Kickoff for January 24
Submitted by Lynn Nichols, CPA The tax return filing season is set to begin in two weeks, but Treasury and the IRS are under no illusions that it’s going [...]
Approved: IL21-31: Extended Tax Relief
Earlier this week, the SC Department of Revenue approved and issued Information Letter 21-31: Extended Tax Relief – Nexus and Income Tax Withholding Requirements for Employers with Workers Temporarily [...]
Clarification Regarding Federal Tax Deductions on IPF Contributions
It is SCACPA’s goal to provide outstanding service and content to support your professional growth. We wanted to offer clarification regarding some information that was provided during the Scholarship [...]
SCACPA Happenings: December 16 | SCACPA Connect, License Renewal, Knowledge Hub
SEE WHAT’S HAPPENING IN YOUR ASSOCIATION: EXPLORE SCACPA CONNECT As year-end and tax season approach, dial into the number one online resource for finding answers and building community [...]
Understanding the Basics Behind the Employee Retention Credit (Part 2)
Margaret Krajcer, JD, is vice president and general counsel of Tax Credits Group, a Cleveland-based firm specializing in federal and state R&D tax credits and the Employee Retention Credit. [...]