Governmental

LEGISLATIVE UPDATE: Legislation Signed into Law Includes Many Healthcare Provisions

By | 2018-05-25T18:53:09+00:00 May 25th, 2018|Featured, Governmental, Legislative/Advocacy, Tax|

South Carolina’s journey toward reaching Tax Conformity is on hold until the legislature meets again to consider it under Legislation Awaiting Final Action. The General Assembly is expected to return [...]

Minnesota’s Window on Tax Conformity Closes After Standoff Between Governor, Legislature

By | 2018-05-24T14:02:12+00:00 May 23rd, 2018|Featured, Governmental, Tax|

The deadline on a political standoff between Minnesota’s Democratic Governor and its Republican-led Legislature means that state’s tax code has not been conformed to the Federal Tax Cuts and [...]

Improved Taxpayer Customer Service is Goal for IRS Five-Year Strategic Plan

By | 2018-05-23T18:25:44+00:00 May 23rd, 2018|Governmental, Tax|

The IRS released a five-year Strategic Plan outlining goals to improve taxpayer service and tax administration. The Fiscal Year 2018-2022 IRS Strategic Plan is a roadmap for the agency’s programs [...]

SCACPA Urges Immediate Action on Conformity This Summer

By | 2018-05-23T18:26:26+00:00 May 23rd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Tax|

Throughout the recent South Carolina legislative session, the South Carolina Association of CPAs communicated to legislators and the public at large that Conformity is needed as soon as possible. [...]

IRS: Federal Guidance on State, Local Tax Credits is On the Horizon

By | 2018-05-23T15:53:53+00:00 May 23rd, 2018|Auditing & Accounting, Business & Industry, Governmental, Tax|

The U.S. Department of the Treasury and the IRS issued a notice on May 23, 2018, stating that proposed regulations will be issued addressing the deductibility of state and local [...]

LEGISLATIVE UPDATE: Budget, Conformity are on Legislature’s Summer To-Do List

By | 2018-05-25T18:40:20+00:00 May 22nd, 2018|Featured, Governmental, Legislative/Advocacy, Tax|

South Carolina’s journey toward reaching Tax Conformity is on hold until the legislature meets again to consider it under Legislation Awaiting Final Action. The Sine Die Resolution allows the [...]

News Roundup: Thousands of SC Technical Jobs are Unfilled, Lexington Co. has State’s Best Cost of Living

By | 2018-05-16T15:55:37+00:00 May 16th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, News Roundup, Tax|

As Thousands of Technical Jobs go Unfilled, Leaders Debate Ways to Strengthen Workforce With the state’s 4.4% unemployment rate at a near two-decade low, thousands of new residents moving in [...]

Legalized Sports Gambling May Be Tricky Tax Bet in South Carolina

By | 2018-05-23T16:35:40+00:00 May 16th, 2018|Business & Industry, Governmental, Legislative/Advocacy, Tax|

The Supreme Court struck down the 1992 Professional and Amateur Sports Protection Act that prohibited states from authorizing sports gambling by a 6-3 vote on Monday, May 14. It [...]

LEGISLATIVE UPDATE: House, Senate, Include Conformity Bills as Sine Die Resolutions

By | 2018-05-11T13:27:33+00:00 May 11th, 2018|Featured, Governmental, Legislative/Advocacy, Tax|

The "South Carolina Taxpayer Protection and Relief Act,” the Senate version of tax Conformity (S. 1258), was introduced by Senate President Pro Tem and Finance Committee Chairman Hugh Leatherman (R-Florence) on [...]

BREAKING: Senate Introduces Tax Conformity Bill on Final Day of Session

By | 2018-05-10T12:20:52+00:00 May 10th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

With the hours ticking away before the end of the legislative session, the S.C. Senate introduced a bill for Tax Conformity on Thursday, May 10. The “South Carolina Taxpayer Protection [...]

SBA Offers $150,000 Entrepreneur Grant for Women’s Business Center in SC

By | 2018-05-09T19:13:15+00:00 May 9th, 2018|Business & Industry, Governmental|

The U.S. Small Business Administration will expand its Women's Business Center program to South Carolina by awarding a $150,000 grant to an eligible nonprofit organization. The SBA seeks a host [...]

IRS.gov Tool Upgrades Access into Tax-Exempt Organizations

By | 2018-05-09T18:04:11+00:00 May 9th, 2018|Auditing & Accounting, Business & Industry, Governmental, Regulatory, Tax|

The IRS introduced an online tool that provides faster, easier access to public information about charities and exempt organizations. Tax Exempt Organization Search replaces EO Select Check, which has been [...]

Letter from the SCACPA CEO: Senate Must Avoid ‘Inertia’ and Take Action on Conformity

By | 2018-05-08T12:43:01+00:00 May 8th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

South Carolina’s legislative session is set to adjourn on Thursday, May 10, and the fate of a Tax Conformity bill remains in serious question. Cindi Ross Scoppe, the Associate Editor [...]

LEGISLATIVE UPDATE: Conformity Talks Set to Reopen After Furlough

By | 2018-05-02T16:15:54+00:00 March 30th, 2018|Blogs, Featured, Governmental, Legislative/Advocacy, Tax|

The straight Conformity of bill H. 5162, introduced by House Ways and Means Chair Brian White, has begun its path through debate in House committees. However, all House business was [...]

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Charleston’s PhishLabs Aids Feds in Uncovering Massive Iranian Hacking Attacks on Universities

By | 2018-05-04T15:26:22+00:00 March 29th, 2018|Business & Industry, Governmental, Technology|

PhishLabs, a Charleston startup that specializes in Phishing protection, shared what it detected with the FBI about a sophisticated Iranian-based hacking campaign that targeted academic research computers and led to [...]

Gov. McMaster Submits List of 135 SC Sites for Sen. Scott’s Opportunity Zones

By | 2018-05-04T15:26:42+00:00 March 26th, 2018|Business & Industry, Governmental|

SC Gov. Henry McMaster sent a list of 135 sites from around the state to the U.S. Treasury Department on Friday, March 23, to be eligible to receive investments as [...]

SCACPA Calls for Passage of Tax Conformity Bill

By | 2018-05-02T16:16:04+00:00 March 23rd, 2018|Blogs, Featured, Governmental, Legislative/Advocacy, Tax|

CAYCE, S.C. –The South Carolina Association of Certified Public Accountants wants state legislators to know they are on a correct path with the recent bill that proposes South Carolina’s full [...]

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Investigation: SC Counties Gave $221M in Tax Breaks to Lure Businesses

By | 2018-05-04T15:00:38+00:00 March 19th, 2018|Blogs, Business & Industry, Governmental, Regulatory, Tax|

How many tax breaks do South Carolina county governments offer to lure businesses into their borders? There were $221 million in 2016 tax breaks found, according to documents analyzed by [...]