To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants [...]
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 – [...]
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 [...]
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 [...]
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, [...]
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 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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
By Melisa Galasso, CPA, CSP, CPTD This article originally appeared in the Winter 2023 issue of the South Carolina CPA Report. As a result of a plethora of federal funding, [...]
Provided by Copper Dome Strategies, LLC The 1st regular session of the 125th South Carolina General Assembly concluded last week. Many of the priorities going into the session were [...]
GASB has approved the issuance of a new Implementation Guide to be issued soon. This blog will review a key question related to SBITAs that is addressed [...]
The compression of the CPA pipeline is an issue of state and national concern. SCACPA, as well as societies in other jurisdictions and national organizations, are continuously exploring avenues [...]
Content provided by Gallagher. SCACPA members can access these benefits and more as a part of their membership benefits package. We believe that a well-equipped workspace contributes significantly to [...]
This week's GLS Genuine Learning Blog gives an overview of the happenings at the Spring 2023 AICPA Council meeting with a look at the agenda and key [...]
In a recent announcement, the South Carolina Department of Revenue (SCDOR) has informed taxpayers and tax professionals, including CPAs, about a significant change in their refund disbursement process. Effective [...]
On Friday May 19, the Office of Management & Budget issued the 2023 Compliance Supplement. This blog will review the largest changes of the various parts of [...]