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 [...]
By Copper Dome Strategies Friday, Sept. 25, 2020 The General Assembly completed a special two-week legislative session and does not have plans to return until January. In addition to [...]
If you thought we were done with Revenue Recognition and Topic 606, you would definitely be surprised to hear that the Financial Accounting Standards Board (FASB) issued an exposure [...]
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, P.A. has been recognized by INSIDE Public Accounting as one of America’s 50 Best of the Best public accounting firms for 2020. BPS was also [...]
By Copper Dome Strategies Friday, Sept. 18, 2020 The General Assembly returned to Columbia to begin a special two-week legislative session. The Senate passed its version of the FY20-21 [...]
The AICPA has issued a Technical Q&A titled “Accounting for Lease Components in Type A Life Care Contracts by Continuing Care Retirement Communities.” Issued in August, the TQA addresses [...]
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 [...]
UPDATE: The South Carolina Board of Accountancy has released its announcement on this development. It is re-printed at the bottom of this post. The BOA's announcement includes a reminder [...]
By Copper Dome Strategies Friday, Sept. 11, 2020 The Senate Finance Committee passed its version of the FY20-21 state budget and authorization for the remaining CARES Act funds. The [...]
Cryptocurrency is becoming a more recognized transaction with more entities participating in this ecosystem. The AICPA has issued nonauthoritative guidance on accounting and auditing digital assets. FASB does not [...]
The AICPA has issued a proposed SAS to clarify and improve the risk assessment standards. For the past few years, the AICPA has focused its audit quality initiatives on [...]
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 [...]
By Copper Dome Strategies Friday, Sept. 4, 2020 The Senate returned to session Wednesday to address voting laws and began committee hearings on the state budget. The Attorney General [...]
With Communications as one of our Five Pillars of membership, SCACPA is dedicated to bringing you a comprehensive news package that cuts through the clutter of your inbox. That’s [...]
SCACPA has joined more than 120 employers and organizations across the nation in signing a letter to Congressional leaders urging them to support state tax filing and withholding relief [...]
SCACPA mourns the passing of Austin Moses Sheheen Jr., CPA, of Camden, who died on Saturday, Aug. 29 at age 85. He was born Sept. 11, 1934, to Austin [...]
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 [...]
Join host David R. Peters, CPA, MST, on this installment of “Accountable,” the podcast for CFOs, by CFOs. David talks with Toni Berbrick, CPA, about cybersecurity. She is an [...]
By Copper Dome Strategies Friday, Aug. 28, 2020 Gov. Henry McMaster announced that the state of South Carolina submitted its grant application for FEMA's Lost Wages Assistance (LWA) program. [...]
The AICPA has issued nonauthoritative guidance from its Materiality Working Group of the Assurance Services Executive Committee (ASEC), designed to assist practitioners in determining when there is a material [...]
ASU 2020-06 is designed to reduce complexity and improve comparability for convertible instruments and contracts in an entity’s own equity. Issued: August 2020 What questions do you have? Send [...]
The South Carolina Department of Revenue on Thursday, Aug. 26, released SC Information Letter #20-24, which extends until Dec. 31, 2020, temporary tax relief to employers with workers temporarily [...]
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 [...]
By Copper Dome Strategies Friday, Aug. 21, 2020 The Senate announced plans to return to session in September. Among the considerations are changes to state election laws that could [...]
The General Accounting Office has issued an audit alert to provide considerations for auditors as to how COVID-19 will impact Yellow Book audits. The alert addresses risk assessment, audit [...]
SCACPA and the AICPA are offering resource concerning the recent Executive Action on Payroll Tax Deferral. The executive action has raised many questions, and specific guidance and clarity are [...]
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 [...]
A quality tax practice begins with respect for the standards, and SCACPA is presenting a day of six total hours of livestream ethics training on Wednesday, Sept. 16. Start [...]
By Copper Dome Strategies Friday, Aug. 14, 2020 Plans are finalized for public schools to begin opening starting next week. The Senate Re-Open SC Committee met again. Democrats flipped [...]