Genuine Learning Blog: GAO COVID Report
GAO has issued two COVID fraud related reports. This week's blog looks at the first one which focuses on some of the insights and lessons [...]
From LLR: Renewals for CPA or AP License Now Open
Renewals for your Certified Public Accounting or Accounting Practitioner license with the South Carolina Board of Accountancy for 2024 are now open. Information to renew your license online is [...]
From SCDOR: Changes to Mandatory Minimum Requirement for Employers Uploading W-2s
Employers who file at least 10 W-2 or 1099 forms with South Carolina withholding are now required to submit those documents to the South Carolina Department of Revenue (SCDOR) [...]
Genuine Learning Blog: Proposed Peer Review Standards Update No. 2
The AICPA is proposing changes to the peer review standards. This update includes proposed changes for quality management with effective dates that would tie to [...]
Accountable Podcast: Forging a Brighter Professional Future with Donny Shimamoto, CPA, CITP, CGMA
The forecast is in: Be on the lookout for doom 'n' gloom. At least, that's how the media are painting the future -- as a bleak world, upended by [...]
Genuine Learning Blog: Updated Statements on Standards for Tax Services
While we often think of accounting and auditing when we think standards, tax professionals are also subject to standards which are changing effective January 1, [...]
Accountable Podcast: Leadership and Workplace Culture with Joey Havens, CPA
Tune into the latest Accountable podcast with guest, presenter, teacher, facilitator, partner and author, Joey Havens, CPA. Listen while Dave and Joey discuss the tremendous opportunity that comes with exponential [...]
Genuine Learning Blog – ITC: International Non-Profit Accounting Guidance Part 2
This blog will cover the second phase of the International Non-Profit Accounting Guidance by looking at Exposure Draft 2 and its proposed guidance for nonprofits. [...]
SOC Code Fields Available Now to Prepare for Required Reporting by April 2024
Submitted by the South Carolina Department of Employment & Workforce Development New data to give South Carolina businesses the advantage in hiring and building their workforce. Once again, South [...]
Accountable Podcast: The Economics of Burnout with Dr. Holly A. Sullenger
Did you know 77% of employees reported burnout at least once in their current job and 68% of staff cited lack of a good work/life balance as significantly impacting [...]
Genuine Learning Blog: 2023 National Management of an Accounting Practice (MAP) Survey
The AICPA has released their 2023 National Management of an Accounting Practice (MAP) Survey Executive Summary. This summary can help firms benchmark themselves against the [...]
Genuine Learning Blog: Disclosure and Classification of Certain Capital Assets
The GASB recently proposed to separate out disclosures of various types of assets to help users understand the types of assets. Due to the creation [...]
Accountable Podcast: Building a Business with Balance and Bliss with Amy Vetter, CPA, CITP
Accounting and finance professionals are notorious for burning the candle at both ends. In fact, is finding balance between work and life even possible? "It is," says Amy Vetter, [...]
Genuine Learning Blog: Proposed SSAE to Conform with Quality Management
The AICPA's Auditing Standards Board has issued a proposed SSAE to conform the attestation standards with the new quality management suite. Comments are due December [...]
Cuffed for a Cause: Free Donny Burkett!
One of our own SCACPA members, Donny Burkett, has landed himself in the slammer! But don't fret; it's all in good fun and for a fantastic cause. Mr. Burkett [...]
From the IRS: Withdrawal Process for ERC Claims, Webinar Opportunity & More
From the IRS IRS announces withdrawal process for Employee Retention Credit claims; special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing As part of [...]
Fall Fest Presents: David Peters, CPA
By David Peters, CPA One of the things that I love about SCACPA’s conferences is that we always seem to have a little bit of everything. This year’s Fall [...]
Genuine Learning Blog: ASU 2023-05
The FASB has issued ASU 2023-05, Business Combinations—Joint Venture Formations (Subtopic 805-60) Recognition and Initial Measurement, to address diversity in practice with respect to the [...]
The Misunderstood Cyber Liability Insurance Policy
By David Peters, CPA This article originally appeared in the Summer 2022 issue of The South Carolina CPA Report Whether you are in the insurance industry bubble (like me) or [...]
License Agreement: Read the Fine Print
By David Knoble, CPA Member since 2010 This article originally appeared in the Fall 2022 issue of The South Carolina CPA Report Today, there is an increase in a practitioner’s [...]
5 Basic Data Backup Best Practices Your CPA Firm Should Follow
By David Donovan, Senior Infrastructure Architect, VC3 This article originally appeared in the Winter 2023 issue of The South Carolina CPA Report There is no denying that backing up your [...]
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 [...]