Genuine Learning Blog: AICPA Council
The AICPA Fall Council Meeting was one for the books! This was Barry Melancon's last council meeting as the AICPA's CEO and included a celebratory lunch in [...]
View From the Dome | November 8, 2024
Provided by Copper Dome Strategies, LLC The long-awaited election finally arrived this past Tuesday as South Carolinians set a new record for voting in the Palmetto State. 76% of [...]
Genuine Learning Blog: FASB Exposure Draft: Share-Based Consideration Payable to a Customer
The FASB has issued a proposal to clarify accounting for share based payments to customers to reduce diversity in practice. Comments are due November 14th. SCACPA is [...]
Genuine Learning Blog: 104
GASB 104 was issued in September 2024 and requires state and local governments to provide information about certain types of capital assets. Specifically lease assets reported in [...]
BOI Reporting Deadline Extension
Updated on October 31, 2024 We are pleased to share that the Treasury's Financial Crimes Enforcement Network (FinCEN) has extended Beneficial Ownership Information (BOI) reporting deadlines for certain businesses [...]
Genuine Learning Blog: CPA Competency Based Experience Pathway & UAA Exposure Draft
On September 12, the AICPA & NASBA issued an exposure draft on the CPA Competency-Based Experience Pathway, offering an additional pathway for CPA candidates to meet initial [...]
Genuine Learning Blog: FASB Proposed Changes to Hedge Accounting
A Blog to Keep You On the HEDGE OF YOUR SEAT!The FASB released its Exposure Draft on Hedging Accounting in September 2024, and it's a game changer! With [...]
From CNA: Coverage Considerations: Services Related to the Corporate Transparency Act
With the implementation of the Corporate Transparency Act (CTA), accounting firms may find themselves in a new area of service: helping clients comply with beneficial ownership reporting. As firms [...]
View From the Dome | October 18, 2024
Provided by Copper Dome Strategies, LLC State economists met to review tax revenue and discuss the state of our economy. A Senate committee met to discuss the state’s growing [...]
IRS Offers Tax Relief for Victims of Hurricane Helene
By Larry Pon, CPA, EA, USTCP, CFP, PFS, AEP The IRS has announced tax relief for individuals and businesses affected by Hurricane Helene. Here are the key details to [...]
SCACPApalooza Backstage Preview | Playing by the Rules: Keeping HR Compliance in the Workplace
Tune in to a sneak peek of SCACPApalooza! This week, we’re turning up the volume on Kelli Long from KG Workforce. She’s ready to rock the stage with an [...]
Genuine Learning Blog: Proposed Ethics Interpretation: 529 Plans
The AICPA has proposed changes to the independence guidance for 529 plans. The original interpretations has deemed 529 plans to be direct financial interests. Due to changes [...]
Support Hurricane Helene Recovery: Trusted Donation Opportunities for CPAs
Hurricane Helene has devastated parts of the Carolinas. While the road to recovery will be long, our community can help rebuild. As part of CPA Month of Service, we [...]
From the SCDOR: Hurricane Relief Update
The SCDOR provided this information on October 7, 2024. The SCDOR is granting relief to South Carolina taxpayers in the wake of Hurricane Helene. Several returns and payments originally due [...]
Genuine Learning Blog: Financial Data Transparency Act Joint Data Standards
The proposed joint data standards for the Financial Data Transparency Act (FDTA) were issued in August 2024. The public is invited to make comments on the proposed [...]
View From the Dome | October 4, 2024
Provided by Copper Dome Strategies, LLC It has been a trying and heartbreaking week in South Carolina and across the region following the arrival of Hurricane Helene last Friday, [...]
Live Stream: Hurricane Helene Tax Matters – October 23
As trusted business advisors, you understand how quickly tax and disaster recovery complexities can arise. To help you navigate these challenges, SCACPA has partnered with our peers in Georgia [...]
Genuine Learning Blog: The Risk of Access Agreements to EBP Audits
In July 2024, the Employee Benefit Plan Audit Quality Center (EBPAQC) Executive Committee issued an important letter warning auditors conducting ERISA employee benefit plan audits about the [...]
IRS announces tax relief for victims of Hurricane Helene in South Carolina; various deadlines postponed to May 1, 2025
The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of South Carolina that were affected by Hurricane Helene that began on Sept. [...]
From the LLR: Email Verification
This message was sent from the LLR on Sunday, September 29, 2024: The renewal period for your license is about to begin and to ensure you receive your renewal [...]
SCACPApalooza Backstage Preview | Shhh…I Was Hacked & Can’t Tell!
Tune in to a sneak peek of SCACPApalooza! This week, we’re turning up the volume on Richard Krenmayer & David Stasaitis from Stasmeyer. They are going to rock the [...]
SCACPA Welcomes Three New Partners to Strengthen Your Experience
At SCACPA, we’re dedicated to ensuring our members can access the best resources and services to support their success. We’re proud to introduce three new partners—Stasmayer, Unison Globus, and [...]
Genuine Learning Blog: NPAG Releases Data-Driven Strategies
This past July, the AICPA's National Pipeline Advisory Group (NPAG) related its Accounting Talent Strategy Report to address the accounting talent shortage. This report was based off of [...]
Genuine Learning Blog: Derivative Scope Exception
GLS is celebrating their 300th blog! This one is a very exciting one! The FASB has issued a proposed ASU, DERIVATIVES SCOPE REFINEMENTS AND SCOPE CLARIFICATION FOR [...]
Genuine Learning Blog: Detecting Government Fraud
The AICPA's Government Performance and Accountability Committee issued the Detecting Government Fraud report in June 2024. The report highlights 4 cases of government fraud with what controls could [...]
Genuine Learning Blog: SSAE 23
This past June, the AICPA has issued SSAE No. 23, Amendments to the Attestation Standards for Consistency With the Issuance of AICPA Standards on Quality Management. SSAE [...]
Genuine Learning Blog: Working Draft of Chapters 8 and 9 of Valuation of Privately-Held-Company Equity Securities Issued as Compensation Guide
The AICPA's Financial Reporting Executive Committee has issued an early working draft of chapter 8, "Inferring Value From Transactions in a Private Company's Securities," and chapter 9, [...]
Genuine Learning Blog: TQA on DOE’s Related Party Disclosure Requirements
The AICPA has issued a TQA to assist auditors with addressing how to consider the new Department of Education's related party disclosure requirements. The TQA provides example [...]
IRS Announces Relief for Areas Hit by Hurricane Debby
The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby. Affected taxpayers in South Carolina, North Carolina, Florida and Georgia [...]
Genuine Learning Blog: Proposed Changes to the Green Book
The GAO has issued proposed changes to the Standards for Internal Control in the Federal Government (the Green Book) which were last updated in 2014. The proposal [...]