Regulatory

SC DOR to Offer Case-By-Case Tax Relief for Hurricane Florence

By |2018-09-19T10:20:04+00:00September 19th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The South Carolina Department of Revenue announced on Tuesday that it will work on a case-by-case basis to waive any penalties assessed for taxpayers who cannot meet state filing [...]

Tax Conformity Arrangement Moves Forward from Senate Finance Subcommittee

By |2018-09-18T15:42:35+00:00September 18th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The push to enact Tax Conformity in South Carolina passed a significant milestone as the Senate Finance Subcommittee on Conformity unanimously adopted an amendment to a House bill on [...]

SCACPA Watches for State, Federal Responses to Tax Deadline Disaster Extension Requests

By |2018-09-13T12:15:54+00:00September 13th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

With mandatory evacuations along the South Carolina coast underway in anticipation of Hurricane Florence, SCACPA reached out early in the week to the SC DOR and the Governor’s Office to [...]

SCACPA Presents: A Free 8-Hour Comprehensive 199A Update Course on Sept. 20

By |2018-08-23T14:52:09+00:00August 23rd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

COURSE TITLE: “Complete Coverage of 199A Regulations” REGISTER NOW: SMTX59 – In-Person | LITX59 – Livestream Lynn Nichols, CPA, host of SCACPA’s Federal Tax Update Podcast and presenter for [...]

Member Benefit Alert: SCACPA Partners with Surgent On-Demand Self-Study CPE

By |2018-08-21T16:21:08+00:00August 21st, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Partners, Public Relations, Regulatory, Tax, Technology|

SCACPA members who know they can depend on the Association for all-around CPE excellence now have an incredible opportunity to get specialized knowledge for their precise career needs. The [...]

SCACPA Treasurer Newhouse Testifies to Senate Finance Subcommittee on Need for Tax Conformity

By |2018-08-15T19:25:42+00:00August 15th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

Note: Read a summary about the Senate Finance Subcommittee on Conformity’s initial Aug. 8 meeting here. The Senate Finance Subcommittee on Conformity met for the second time on Wednesday morning, [...]

S.C. Tax Team’s Lynn Nichols Examines IRS Proposed Regulations on IRC Sec. 199A (Qualified Business Income Deduction)

By |2018-08-23T14:59:06+00:00August 14th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The IRS’s proposed regulations to explain and interpret Code Section 199A stemming from the Tax Cuts and Jobs Act were released on Wednesday, Aug. 8. Lynn Nichols, of the [...]

SC DOR Seeks Public Comments on Guidance Drafts for Remote Sellers, Marketplace Operators and Marketplace Users

By |2018-08-13T18:39:38+00:00August 13th, 2018|Featured, Regulatory, Tax, Technology|

In the wake of the U.S. Supreme Court’s recent decision in South Dakota v. Wayfair, Inc., the South Carolina Department of Revenue has released three Public Drafts for public comment [...]

SCACPA Continues to Push for Results in Summer Conformity Talks

By |2018-08-15T19:27:57+00:00August 9th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Note: Read about the Aug. 15 second meeting of the Senate Finance Subcommittee on Conformity that featured testimony from SCACPA Board Member and Treasurer Ken Newhouse here. The first [...]

Member Comments Sought on Proposal for New AICPA Auditing Standard

By |2018-08-07T19:54:37+00:00August 7th, 2018|Auditing & Accounting, Governmental, Legislative/Advocacy, Membership, Regulatory|

Changes are coming for those who perform attestation engagements. A standard proposed by the AICPA Auditing Standards Board would change the terminology for what has been known as a “review [...]

Technical Corrections Would Help These 3 TCJA Provisions

By |2018-08-02T17:09:44+00:00August 2nd, 2018|Auditing & Accounting, Business & Industry, Governmental, Regulatory, Tax|

By Thomas McCormick, CPA | SCACPA Member Since 2013 As time has passed since the enactment of the 2017 Tax Cuts and Jobs Act, tax professionals have noted mistakes in [...]

CPA Profession Backs Proposed Legislation that Limits Damage Awards Against State Regulatory Boards

By |2018-07-30T17:40:24+00:00July 30th, 2018|Auditing & Accounting, Governmental, Legislative/Advocacy, Membership, Regulatory|

The American Institute of CPAs supports legislation introduced in the United States Congress that would help ensure that members of state regulatory boards are not deterred from serving because of [...]

SCACPA Member Benefit Alert: Clemson Tax School Included in 40-Hour CPE Package

By |2018-07-30T08:04:17+00:00July 13th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Membership, Partners, Regulatory, Tax|

Seats are filling fast for this fall’s 57th annual Clemson University Income Tax Course, the two-day classes offered throughout South Carolina from late October through mid-December. Seats are filling [...]

LEGISLATIVE REARVIEW: Copper Dome Strategies’ 2018 Review Includes Conformity Forecast

By |2018-07-13T13:53:06+00:00July 13th, 2018|Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

THE STATUS OF CONFORMITY: Two Conformity bills – one each from the House and Senate – may still be considered this year, as they were included in the Sine [...]

IRS, Security Summit Launch Awareness Campaign to Protect Client Data

By |2018-07-10T19:02:52+00:00July 10th, 2018|Auditing & Accounting, Business & Industry, Governmental, Regulatory, Tax, Technology|

The IRS and its Security Summit partners have initiated a summertime security awareness campaign for tax professionals with an expanded guide that provides critical steps to protect client data. "Protect [...]

Upcoming ‘Tax Team’ Courses Highlight SCACPA Roster of Federal Tax CPE

By |2018-07-13T15:42:44+00:00July 10th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Membership, News Release, Regulatory, Tax|

The South Carolina Association of CPAs is excited to introduce a new Federal Tax Update course with the “South Carolina Tax Team.” SCACPA has assembled distinguished, nationally recognized Federal [...]

Board of Accountancy Q2 Newsletter: Updates on New Education Committee, Succession Planning

By |2018-07-09T17:12:57+00:00July 9th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The South Carolina Board of Accountancy has released its 2nd Quarter 2018 Newsletter, and it includes a list of all recently licensed South Carolina CPAs from October 2017-March 2018. [...]

DEW Announces July Classes For SUITS Electronic Filing For Employers, TPAs

By |2018-06-29T13:11:29+00:00June 29th, 2018|Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Membership, Partners, Regulatory, Tax|

The S.C. Department of Employment and Workforce replaced its legacy tax system in March with its State Unemployment Insurance Tax System. Since the end of the 2018 1st quarter [...]

DOR Looks Into S.C. Sales Tax Options of SCOTUS Wayfair Decision

By |2018-06-27T14:26:27+00:00June 27th, 2018|Business & Industry, Governmental, Regulatory, Tax|

The U.S. Supreme Court has ruled that states can require online retailers to collect sales taxes.  In the decision of South Dakota v. Wayfair Inc. on Thursday, June 21, the [...]

SCACPA joins Chamber of Commerce in Conformity Statement

By |2018-06-14T14:51:27+00:00June 14th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

The South Carolina Association of CPAs has joined the South Carolina Chamber of Commerce in a news statement urging Conformity action by the state Senate this summer on June [...]