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 [...]
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 [...]
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 [...]
The CPA Profession has celebrated a long list of legislative victories, but none of those successes are possible without legislators who listen to and support our position. It is [...]
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 [...]
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 [...]
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. 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 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 [...]
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 [...]
The South Carolina Association of CPAs is excited to announce it is now an IRS-approved provider for our Tax continuing education courses. For Enrolled Agents and non-CPAs in and [...]
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 [...]
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. 7, 2020 All remaining businesses that closed as the Coronavirus began spreading across South Carolina began to reopen this week. Legislative committees met [...]
School supplies, clothes and computers are among the items that can be purchased free of sales tax during South Carolina’s annual 72-hour Sales Tax Holiday from Friday, Aug. 7 [...]
More South Carolina taxpayers filed their Individual Income Tax returns on time this year, with more taxpayers choosing electronic filing options, according to preliminary figures from the South Carolina [...]
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. The commentary is brief, [...]
By Copper Dome Strategies Friday, July 31, 2020 Gov. Henry McMaster issued a new Executive Order on Thursday allowing all remaining businesses that closed as the coronavirus began spreading [...]
FASB has issued an exposure draft that would delay the effective date of ASU 2018-12, which provides updated guidance on financial reporting for long duration insurance contracts. The effective [...]
The U.S. House of Representatives and Senate have returned to Washington, DC, for the first time since June. Leadership from both chambers are in deep discussion about a path forward [...]
GASB has issued a preliminary views document, which is their second phase in updating revenue and expense guidance. Building on the ITC issued in 2018, the PV continues to [...]
This Q&A from SCACPA and the AICPA can help your firm’s decision-making. In March of this year, the U.S. Supreme Court announced that it will hear a case that challenges [...]
By Copper Dome Strategies Friday, July 10, 2020 Two legislative committees met this week to receive briefings on re-opening public schools in the fall and the effects of COVID-19 [...]
The SCDOR’s Information Letter 20-19 is a six-page summary of significant changes in South Carolina’s tax and regulatory laws enacted as of May 2020. It was released Thursday, July [...]
Let’s review the standards issued and proposed by GASB, FASB and the AICPA during 2020’s second quarter. While it was a slower quarter, GASB finalized quite a few final [...]
The SCDOR and IRS are offering tax relief for victims of the April 2020 tornadoes, severe storms and flooding that impacted nine South Carolina counties, it was announced Friday, [...]
By Copper Dome Strategies Friday, June 26, 2020 The General Assembly returned to Columbia and adopted a plan to appropriate the federal CARES Act funds. Results have been tabulated [...]