Genuine Learning Blog: OMB Proposes Changes to the Uniform Guidance
On October 5th, the Office of Management and Budget proposed changes to the Uniform Guidance. One of the most noteworthy changes is a proposal to [...]
Genuine Learning Blog: Q3 2023 in Review
This blog will review the accounting, auditing and ethics standards issued or proposed during the 3rd quarter of 2023. We'll also review some resources that [...]
Genuine Learning Blog: FASB’s Investor Outreach Report – 2022-2023
Last month the FASB issued their investor outreach report which outlines the outreach performed by the FASB to get feedback from investors as part of [...]
SCDOR Tax Legislative Update for 2023
The South Carolina Department of Revenue’s Information Letter #23-11 provides an overview of tax law changes enacted during the 2023 legislative session in South Carolina. The main updates include: [...]
From SCDOR: South Carolina Updates to Maximum Sales & Use Tax (Max Tax)
The South Carolina Department of Revenue (SCDOR) has announced changes concerning the state's Maximum Sales & Use Tax (Max Tax). Here are the key takeaways: Max Tax is a [...]
Genuine Learning Blog: Revisions to OMB Guidance for Grants and Agreements
OMB has updated regulations with respect to the domestic preferences provisions in the Build America, Buy America Act of the Infrastructure Investment and Jobs Act. [...]
Fall Fest Presents: ESG with Walda Wildman
By Walda Wildman, CPA All kinds of big companies are playing up their compliance with ESG standards. However, those companies haven’t had any codified standards to use in preparing [...]
Genuine Learning Blog: Concept Stmt: Chapter 5, Recognition and Derecognition
In August, the FASB issued Chapter 5 of the Conceptual Framework, Recognition and Derecognition. The chapter addresses the criteria that would be used to determine [...]
Genuine Learning Blog: Concept Stmt: Chapter 2, The Reporting Entity
The FASB has issued a new Concept Statement around the Reporting Entity. While concept statements are not authoritative GAAP they are the theory that underlies [...]
Fall Fest Presents: SECURE 2.0 with Karen Davis
By Karen Davis, EA, MBA, PhD The “Setting Every Community Up for Retirement Enhancement Act of 2020” (SECURE Act) made two significant retirement plan changes starting in 2020 – [...]
Accountable Podcast: Inclusive Hiring, It Starts With Us with Kat Kibben
According to a recent IMA and CalCPA study, one-in-five LGBTQ+ respondents in the US report they have left the accounting profession due to a lack of DEI, mainly due to [...]
IRS & SCDOR Extend Tax Relief for All 46 South Carolina Counties Following Idalia
Updated 9/8/2023 On Wednesday, September 6, the Internal Revenue Service (IRS) announced an extension in tax filing and payment deadlines for individuals and businesses affected by the Idalia storm [...]
Accountable Podcast: Setting Meaningful Goals with Jennifer Elder
We are back with more Accountable! In this episode, we are talking with Jennifer Elder about goal setting - what gets in our way, what we can do better, [...]
Genuine Learning Blog: IFRS® Taxonomy, Sustainability Disclosure Taxonomy
The International Sustainability Standards Board (ISSB) has proposed a Sustainability Disclosure Taxonomy. The proposal addresses a taxonomy for the disclosure requirements in IFRS S1 and [...]
The Accounting Podcast: Mythbusting Substantial Equivalency and Mobility for CPAs with SCACPA
The requirements to become a licensed CPA differ across states, yet CPAs maintain mobility to practice in multiple jurisdictions. How does this work? David Knoble, Chair of the South [...]
SCACPA Awards $84,000+ in Scholarships to Aspiring CPAs
SCACPA continues its steadfast commitment to fostering the next generation of Certified Public Accountants. In alignment with its objective to propel promising students into the CPA profession, the SCACPA [...]
SCACPA Proposing Legislation to Address Pipeline Challenges
The compression of the CPA pipeline is an issue of state and national concern. SCACPA and societies in other jurisdictions and national organizations are continuously exploring avenues to relieve [...]
Accountable Podcast: Why Leadership & Improv Go Hand-in-Hand with Peter Margaritis, CSP, CPA
Listen to the latest podcast and hear about a topic a little different than the rest! Whether you are a seasoned professional or just starting your career, this one [...]
Genuine Learning Blog – FAF Annual Report
Each year like many nonprofits, the FAF issues their annual report and posts it to their website. The FAF provides an excellent overview of the [...]
Genuine Learning Blog – FASB ED: Disaggregating Expenses
At the end of July, the FASB proposed new disclosure requirements that would require public business entities to provide more disaggregated data around their income [...]
Genuine Learning Blog – FASB ED: Purchased Financial Assets
In June, the FASB proposed changes to the accounting for purchased financial assets. Based on feedback obtained in its post-issuance review of CECL, stakeholders found [...]
Invitation to the SC Works Annual Partner Job Fair
The following was provided by SC Works . SC Works cordially invites you to join them on September 20th, 2023, for the Annual SC Works Job Fair. This event [...]
From SCDEW: New Electronic Payment Method for Claimant Wage Garnishments
The following was provided by the South Carolina Department of Employment & Workforce Development SC DEW would like to announce that employers now have an additional option to make [...]
Genuine Learning Blog: NOCLAR with ERTC
On July 21st, the Office of Chief Counsel at the IRS issued a memorandum to address noncompliance with ERTCs. The memorandum provides responses to various [...]
IRS Ends Unannounced Revenue Officer Visits
The Internal Revenue Service (IRS) recently announced a significant policy shift to improve safety, reduce confusion, and enhance taxpayer transparency. As part of their larger agency transformation efforts, the [...]
Genuine Learning Blog: IFRS S2 – Climate-related Disclosures
This week's Genuine Learning Blog looks at IFRS S2 - Climate-related Disclosures. Issued the same day as S1, these disclosures focus on strategy, governance, metrics and risk [...]
Genuine Learning Blog – Q2 2023 in Review
The second quarter of 2023 was a slower one for standard setters. We'll look at the standards that were issued and proposed from April through June of [...]
Genuine Learning Blog – IFRS Sustainability Disclosures (IFRS S1)
The International Sustainability Standards Board (ISSB) has issued the first of their new sustainability disclosure standards. The goal is to provide a single, global baseline of sustainability [...]
From SCDOR: Tax Tips for Remote Workers & Their Employers
What you need to know: If you live in South Carolina and work from home for an out-of-state employer, South Carolina Income Taxes will be withheld from your paycheck, [...]
Genuine Learning Blog – Ethics Proposal: Public Interest Entities
The AICPA's Professional Ethics Executive Committee (PEEC) has proposed a new definition of publicly traded company and has revised the definition of public interest entity as part of [...]