As part of SCACPA's dedication to Advocacy on behalf of the CPA Profession, here is your weekly update of actions being taken during the legislative session, prepared in cooperation with [...]
The Treasury Department and IRS announced Thursday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, [...]
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 [...]
Dave chats with Shelby Shoffstall, a recruiting manager at Robert Half. They cover several subjects, including how culture can give your organization an edge in hiring, the difficulties of [...]
Soon there will be 16 counties on board with standardized online filing of PT-100 with SC Department of Revenue and here’s how you can take action to help your community [...]
By Copper Dome Strategies Friday, March 12, 2021 We have reached the halfway point in the legislative session with nine weeks completed and nine weeks remaining before May 13 [...]
The AICPA's Professional Ethics Executive Committee (PEEC) has issued an updated proposal around reporting noncompliance with laws and regulations (NOCLAR). Originally issued in 2017, PEEC has been trying to converge [...]
Looking for the latest guidance on PPP Loan Forgiveness? Paychex – a gold affinity partner of payroll, retirement and HR services for the South Carolina Society of CPAs – presents [...]
We know what a stressful time it is for many of you, but who couldn’t use a mental break? The Central Chapter invites its members and guests for Virtual [...]
For employees, health insurance is one of the most important benefits, but many employees don't know how much coverage they have until they need to use it. On this [...]
The AICPA has issued a very narrow proposal to add a new requirement for successor auditors to discuss suspected fraud and NOCLAR with predecessor auditors if granted permission by [...]
By Copper Dome Strategies Friday, March 5, 2021 The House Ways and Means Committee adopted its version of the state budget. The Senate spent time on the floor and [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]