Galasso Learning Solutions: SSAE 22
AICPA's Auditing Standards Board (ASB) issued SSAE 22, Review Engagements, completing the update of the attestation standards. SSAE 19 modernized AUPs, SSAE 21 modernized examinations, and now SSAE 22 will [...]
Galasso Learning Solutions: Updates to the CPA Exam
The AICPA has released its new CPA Exam Blueprint, which outlines the format and content of the exam. Following a deep review of the topics covered in 2019, the Final [...]
Be Prepared for PPP2 With Tools and News to Help Assist Clients; PPP Application Dates Announced
UPDATE: The application window for Paycheck Protection Program (PPP) forgivable loans opens Friday, Jan. 15, for lenders with $1 billion or less in assets, the US Small Business Administration [...]
Galasso Learning Solutions: ASU 2021-01 – Reference Rate Reform (Topic 848): Scope
The Financial Accounting Standards Board (FASB) has issued its clarification to ASU 2020-04 for Reference Rate reform. The first ASU of 2021 focuses on the scope of the practical expedients [...]
Galasso Learning Solutions: 2020 Year in Review
Galasso Learning Solutions is kicking off 2021 with our annual year in review. This episode focuses on the standards issued in 2020 by the AICPA, FASB and GASB. It provides [...]
Lynn Nichols Federal Tax Update (COVID-Related Tax Relief Act of 2020): What’s in The Bill?
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. The COVID-Related Tax Relief Act of 2020 is here, and the checks are in the mail. Join Lynn [...]
Lynn Nichols Federal Tax Update (Jan. 11, 2021): Insurance Premium Not a Deductible ‘Tax’
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 provide [...]
Lynn Nichols Federal Tax Update (Jan. 4, 2021): Final Regulations for Small Businesses
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 provide [...]
FREE Livestream CPE for Members on Jan. 8: Guidance for the Newest COVID-Relief Package
The $900 billion “Coronavirus Response and Relief Supplemental Appropriations Act” is here. Your clients are depending on you to guide them through this crucial part of our road to [...]
Lynn Nichols Federal Tax Update (Dec. 28): IRS Practice Units for Partnership Liabilities
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 [...]
Nichols Federal Tax Update (Dec. 21, 2020): Latest Form 1040 Asks for More Income Information
NOTE: New Covid relief legislation became reality during the production of this blog. SCACPA is glad to note that deductibility of PPP Loans is a component of this economic [...]
Nichols Federal Tax Update (Dec. 14): Professional Corporation as Part of Affiliated Group
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 provide [...]
With SCACPA CPE, You Can Earn Certified Financial Planner (CFP) Education Credits in December
The SCACPA CPE team is excited to announce that the Association has obtained approval from the CFP (Certified Financial Planner) Board to offer CFP credit for several of our [...]
December is SCACPA’s Busiest Month of Online Learning in 2020 (We Offer After-Hours and Weekend CPE Too!)
WHAT SCACPA MEMBERS ARE SAYING "I’ve taken five courses through SCACPA this week and found them all to be high quality. Good content and presenters. I know it takes [...]
Lynn Nichols Federal Tax Update (Dec. 1): Thoughts on the Upcoming 2021 Tax Season
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 [...]
Galasso Learning Solutions: GASB Implementation Guidance Update 2021
Let’s look at the recently proposed GASB Implementation Guide for 2021. It provides questions and answers on topics ranging from derivative instruments and fiduciary activities to leases and nonexchange transactions. [...]
Nichols Federal Tax Update (Nov. 23): IRS Addresses Deductibility of Expenses Paid with PPP Loans
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 [...]
Galasso Learning Solutions: SLG Client Affiliate Implementation Guide
The AICPA has rolled out a Toolkit to Assist Firms in identifying affiliates under the new ET Section 1.224.020. In June 2019, the PEEC rolled out a new definition [...]
Be On the Lookout for BOA Email Verification! Also, the BOA is Open for Business for CPA Exam Applications
The South Carolina Board of Accountancy wants you to know it remains open for business! The BOA is actively reviewing applications to sit for the CPA Exam as well [...]
The Role of Finance in Supporting Cash Flow Insights for Your Nonprofit Organization
Money comes in, money goes out – knowing how to monitor this can help with your long-term strategies and ensure mission viability By Chris Fields, Director, Mauldin & Jenkins Do [...]
Nichols Federal Tax Update (Nov. 9, 2020): Termination of S Corp Election Inadvertent
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 [...]
Galasso Learning Solutions: ASU 2020-11
This is a continuation on the adaptation of COVID delays. Issued: November 2020 What questions do you have? Send your questions to melisa@galassolearningsolutions.com Tune in to the Galasso Learning [...]
Galasso Learning Solutions: Proposed SAS – Use of Specialists and External Pricing Sources
The AICPA's Auditing Standards Board has issued proposed targeted improvements to guidance on the use of specialists and external pricing sources. The proposal incorporates some PCAOB guidance and provides additional [...]
Meet the Most Wanted Session Speakers at Virtual Fall Fest 2020 (Plus Maybe Win an Apple AirPods Pro!) Nov. 12-13
SCACPA’s flagship event, Virtual Fall Fest 2020, is here! To find your online session, go to our Welcome Page at www.scacpa.org/classroom. We’re adopting and innovating so you can earn [...]
If You Need Exceptional Tax Knowledge, Here’s Why SCACPA Tax CPE is For You
SCACPA’s tax courses offer specific information for a variety of specialty topics designed to allow SCACPA members to customize their training to their practice requirements. Consider these points when [...]
Galasso Learning Solutions: Proposed Targeted Improvements to Leases & Scope of Reference Rate Reform
This installment of the Genuine Learning Blog includes two proposals from the FASB. One proposed ASU addresses three implementation issues identified in implementation of ASU 2016-02, Leases. The other proposal [...]
Transitions: Taking the Regulatory Pain Out of Moving Across State Lines
South Carolina stands out with its particular rules for journeying CPAs; and don’t forget your obligations in your former home By David R. Peters, CPA | SCACPA Member Since [...]
Lynn Nichols Federal Tax Update (Nov. 2, 2020): IRS Resumes Balance Due Operations
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 [...]
Lynn Nichols Federal Tax Update (Oct. 26, 2020): IRS Limits Deductibility of Daily Fantasy Sports Entry Fees
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 provide [...]
Galasso Learning Solutions: 2020 Report to the Nations
The Association for Certified Fraud Examiners biennially releases its “Report to the Nations.” The 2020 version provides insight into the types of fraud that were most common, who perpetrated [...]