South Carolina Tax Tips for Veterans and Military Personnel
NOTE: The offices of the South Carolina Department of Revenue will be closed on Wednesday, Nov. 11 in observance of Veterans Day. MyDORWAY users can file and pay anytime [...]
Galasso Learning Solutions: Proposed Targeted Improvements to Leases & Scope of Reference Rate Reform
This installment of the Genuine Learning Blog includes two proposals from the FASB. One proposed ASU addresses three implementation issues identified in implementation of ASU 2016-02, Leases. The other proposal [...]
IRS: College Students Might Still Qualify for Economic Impact Payment; Review Guidelines and Register by Nov. 21
The IRS is urging any eligible self-supporting college students who do not need to file a tax return to register by Nov. 21 so they can receive an Economic [...]
View From the Dome (Nov. 6, 2020): December Organizational Session Awaits Tuesday’s SC Election Winners
By Copper Dome Strategies Friday, Nov. 6, 2020 A “blue wave” that pollsters and pundits had predicted for months did not materialize in South Carolina in Tuesday’s election. More [...]
Lynn Nichols Federal Tax Update (Nov. 2, 2020): IRS Resumes Balance Due Operations
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 [...]
IRS to Resume Sending 500 Series Balance Due Notices
The IRS will resume issuing the 500 series balance due notices to taxpayers by the end of October. These notices, which include three types of alerts about various stages of [...]
Lynn Nichols Federal Tax Update (Oct. 26, 2020): IRS Limits Deductibility of Daily Fantasy Sports Entry Fees
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 provide [...]
Galasso Learning Solutions: 2020 Report to the Nations
The Association for Certified Fraud Examiners biennially releases its “Report to the Nations.” The 2020 version provides insight into the types of fraud that were most common, who perpetrated [...]
Firms Can Gain an Edge as “Dot CPA” URL Application Deadline of Oct. 31 Nears
The future of online security and trust for the CPA profession is arriving with the rollout of the domain of .cpa. As the Oct. 31 deadline approaches for firms [...]
What Does a Road to Recovery Look Like? Here are Ideas for CPAs
After you let clients know that you’re still operating, nurture the knowns before venturing into the unkowns By Steven K. Howell, CPA, CFP, MBA | SCACPA Member Since 2018 [...]
The “Accountable” Podcast for CFOs: Cultivating Team Productivity From a Distance
Join host David R. Peters, CPA, MST, for another installment of “Accountable,” the podcast for CFOs, by CFOs. Remote Manager David Phillips offers advice on conducting business from afar. [...]
With South Carolina Businesses in Their Time of Need, Here is an Opportunity for CPAs to Volunteer
A just-in-time way for you to contribute your time and expertise for October Month of Service After seeing so many months of hardship around us, SCACPA is excited about [...]
SCACPA Chapters are Already Making a $7,200 Difference with Month of Service. Let’s Keep the Contributions Rolling!
We hope you’ve heard that this year’s CPA Month of Service is devoted to partnering with food banks and pantries throughout South Carolina. Be on the lookout for email [...]
Lynn Nichols Federal Tax Update (Oct. 19, 2020): Estate Litigators Look to Cement Support for ‘Tax Affecting’
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 [...]
Bauknight, Pietras & Stormer is Named Nation’s Top Tax Advisory Firm to the Captive Insurance Industry
South Carolina-based CPA firm Bauknight, Pietras & Stormer, P.A., was recognized as the Top Tax Advisory Firm in the United States for the captive insurance industry by Captive Review [...]
HOW I WORK: Tim Lyons, CPA, CGMA, of Mauldin & Jenkins: “Be All About the Process”
Tim Lyons, CPA, CGMA Member since 2006 Current gig: Columbia Office Lead for Mauldin & Jenkins; Technical Lead for State/Local Government Practice Current mobile devices: Apple iPhone One word that describes [...]
Galasso Learning Solutions: Staff Augmentation Exposure Draft
The AICPA's Professional Ethics Executive Committee (PEEC) is re-proposing an interpretation for staff augmentation. This proposal would further limit the ability of firms to offer staff augmentation services. The proposal [...]
View From the Dome: Board of Economic Advisors Finds SC Economy is Rebounding Faster than Expected
By Copper Dome Strategies Friday, Oct. 16, 2020 With no plans for the General Assembly to return to Columbia, this will be the final weekly report until after November’s [...]
Small Businesses, Nonprofits Have Two-Week Window to Apply for SC CARES Pandemic Relief Grant Programs, With Awards up to $25,000
Applications are due by Sunday, Nov. 1 The SC Department of Administration announced a $40 million grant program for small businesses for revenue loss due to COVID-19. The window [...]
Tell Your Clients SCDOR Encourages Taxpayers to Choose Direct Deposit for Refunds
Save time. Save tax dollars. Go direct. Encourage your customers to choose direct deposit. A message from the South Carolina Department of Revenue The fastest, most secure Individual Income Tax [...]
An IRS Compliance Alert from SCACPA Partner McGriff Insurance Concerning the Affordable Care Act
McGriff Insurance Special Alert: Watch for IRS Notices 972CG Note: The following is based on an IRS compliance alert from SCACPA partner McGriff Insurance concerning the Affordable Care Act: [...]
Lynn Nichols Federal Tax Update (Oct. 12, 2020): Ineffective S Corp Election
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 [...]
Contribute to This Year’s Extraordinary October Month of Service as We Help Feed Carolina
Extraordinary times call for an exceptional response, and SCACPA knows our members are up to the challenge. October is CPA Month of Service, and your Chapter leaders are asking [...]
The “Accountable” Podcast for CFOs: Building a Risk Management Program From the Ground Up
Join host David R. Peters, CPA, MST, for another installment of “Accountable,” the podcast for CFOs, by CFOs. Most startup owners don't think about insurance until it's too late. [...]
View From the Dome: $10M in CARES Money Remains to be Committed to Expand Broadband
By Copper Dome Strategies Friday, Oct. 9, 2020 Several court decisions impact the November elections and federal CARES Act funds. The Joint Bond Review Committee (JBRC) received an update [...]
Businesses Have New Option with SCDOR’s Consolidated Sales Tax Return
The South Carolina Department of Revenue announced a new Sales Tax filing option for businesses with multiple locations – the Consolidated Sales Tax Return. The Consolidated Sales Tax Return [...]
Lynn Nichols Federal Tax Update (Oct. 5, 2020): Income From Charity’s Job Placement Service Is Taxable
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 [...]
View From the Dome: McMaster Signs Bills for Conformity, Business License Tax Standardization into Law
By Copper Dome Strategies Friday, Oct. 2, 2020 Gov. Henry McMaster signed a number of bills into law that were passed and ratified by the General Assembly. The General [...]
SCACPA Advocacy Scores Conformity Among Three Important Wins at State House
When the Senate passed bill S.545 during special session on Tuesday, Sept. 22, it represented three wins for the SCACPA Advocacy Team over this incredibly difficult year. The bill [...]
The “Accountable” Podcast for CFOs: The Value of Volunteering (and now on YouTube!)
Join host David R. Peters, CPA, MST, for another installment of “Accountable,” the podcast for CFOs, by CFOs. Today, Dave talks with Junior Achievement’s Cynthia Pantaleo about volunteering. Through [...]