We can understand if you feel overwhelmed by the rapid rate of adjustments and delays to standards over the past few months. That’s why SCACPA thanks Galasso Learning Solutions [...]
GASB has issued an exposure draft, “Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Diseases,” to [...]
By Copper Dome Strategies Friday, June 12, 2020 Primary elections occurred this past Tuesday. Gov. Henry McMaster provided his recommendations to the General Assembly this week for the expenditure [...]
Here are the results and some context for South Carolina's Primary Elections on June 9, courtesy of Copper Dome Strategies: Federal Races U.S. Senator Lindsey Graham easily defeats his [...]
Amendment to the Effective Date of SAS Nos. 134 Through 140. Issued in May 2020, but it did not go through the Exposure Draft process. What questions do you [...]
Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities Issued June 2020 What questions do you have? Send your questions to melisa@galassolearningsolutions.com [...]
The National Association of State Boards of Accountancy (NASBA) has proposed revisions to the Uniform Accountancy Act (UAA) Model Rules. The AICPA has already approved CPA Evolution and thus [...]
President Donald Trump on Friday signed the “Paycheck Protection Program Flexibility Act of 2020,” after the Senate had late Wednesday night passed the House bill that creates more flexibility [...]
By Copper Dome Strategies Friday, June 5, 2020 Several legislative committees met this past week to discuss actions needed to assist in the economic recovery. Both the House and [...]
The South Carolina Board of Accountancy has granted exam credit extensions until December 31, 2020, to all SC CPA Exam candidates who have exam credits expiring from April 1 [...]
GAO has issued an alert addressing COVID and Yellow Book CPE requirements. These adjustments and grace periods are intended to be responsive to the cancellations of many CPE events [...]
By Copper Dome Strategies Friday, May 29, 2020 Gov. Henry McMaster issued a new Executive Order on Wednesday extending the State of Emergency for an additional 15 days as South [...]
By David R. Peters, CPA, CFP, CLU, CPCU | SCACPA Member Since 2016 I take pride in my quick trigger finger for making unwanted advertising disappear. Every morning starts with [...]
Note: On June 6, the ‘Paycheck Protection Program Flexibility Act of 2020’ was enacted, which gives more flexibility to borrowers. Learn more here. A PPP Loan Forgiveness calculator is [...]
By Copper Dome Strategies Friday, May 22, 2020 Gov Henry McMaster signed into law a Continuing Resolution to keep the state's government operating. The governor also issued a new [...]
Takeaways from ‘Workplace Safety Reopening Guide for SC Employers’ Legal Webinar The S.C. Chamber of Commerce hosted a webinar Thursday for employers on how to safely begin reopening businesses. [...]
No matter where you logged in from, thank you to all SCACPA members and presenters who banded together to turn the May 14-15 Virtual Spring Splash into a CPE success [...]
FASB voted to delay both revenue recognition and leases for private entities at its May 20, 2020, meeting. The original proposal was for a delay for private company franchisors [...]
As you transition to virtual meeting environments, take stock of that data to re-imagine how you measure your firm – and the client experience By Chris Hervochon, CPA, CVA [...]
We wanted to alert you to these updates on decisions about delays from the AICPA’s Professional Ethics Executive Committee and Peer Review Board. PEEC Delays and Exposure Draft The [...]
SCACPA Board Chair Zoe Davis, CPA, and the entire Board of Directors invite all Association members to attend SCACPA’s Virtual Annual Member Meeting (MEABMLI), which will be held via [...]
Test Your Equipment Please Make Sure You’ll Be in the Correct Classroom! Gaining Your Credit Your Virtual Spring Splash is only a [...]
By Copper Dome Strategies Friday, May 8, 2020 The accelerateSC committee met again this past week to discuss recommendations to the governor on getting the economy moving again. The [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources South Carolina’s Board of Economic Advisors lowered next year’s budget estimate by $58.3 million at a [...]
Keep up with all SCACPA updates specific to the COVID-19 situation at https://www.scacpa.org/covid-19-response-and-resources. The PPP Loan Forgiveness Services Matrix is a new AICPA tool to help CPAs navigate their [...]
By Copper Dome Strategies Friday, May 1, 2020 Gov. Henry McMaster renewed his State of Emergency Order on Monday afternoon that will be in effect another 15 days. The accelerateSC Committee [...]
Issued in in April 2020, it contains additional accounting and financial reporting guidance for types of Public-Private and Public-Public Partnerships not within GASB 60 or GASB 87. “Public-Private and [...]
SCACPA is aware of two counties that have announced pandemic relief grants targeted for small businesses. KERSHAW COUNTY Eligible small business owners may apply for the Small Business Stabilization [...]
FASB has proposed a one-year delay of revenue recognition for private company franchisors. In addition, public and nonpublic nonprofits will receive a delay along with nonpublic entities. The delay [...]
By Copper Dome Strategies Friday, April 24, 2020 Gov. Henry McMaster lifted some restrictions on public access to beaches and waterways and announced the creation of a task force [...]