SEE WHAT’S HAPPENING IN YOUR ASSOCIATION:

EXPLORE SCACPA CONNECT As year-end and tax season approach, dial into the number one online resource for finding answers and building community with SC CPAs. Make sure you log in and know your way around (and check out the conversations already underway). Start Connecting.

RENEW YOUR CPA LICENSE! Renewals for your CPA license with the South Carolina Board of Accountancy for 2022 are now open. You should have received an email from the LLR this week with information pertinent to your renewal process. Access the LLR’s renewal website here.

SCACPA KNOWLEDGE HUB Check out a library of free downloadable content provided by experts and vendors within the profession. Find articles on helping your firm transition to advisory services, business and industry leadership, and more. Start Reading!


SC Board of Accountancy Meeting

SCACPA CEO Chris Jenkins participated in the  SC Board of Accountancy meeting last week to discuss the removal of barriers to licensure in South Carolina. A recap of that meeting may be found here.

Find out more about SCACPA’s governmental advocacy efforts. 

Legislator Connections Community

To enhance our grassroots Advocacy effectiveness, we are building a community of members to develop and maintain relationships with South Carolina legislators. We are now expanding our Advocacy efforts through a Board led effort we call our “Legislative Connections Community.” In this effort, we are committing Association time and effort to ongoing support of individual member-to-legislator connections.

Find out more about this approachable way to participate in SCACPA’s legislative efforts! 

SCACPA’s Task Force is Crafting a Reply to AICPA’s Proposed New Standards:

  • The AICPA is proposing the most significant changes regarding quality management since 2006, and SCACPA wants your voice to be represented as we draft our response. On the horizon are three new interrelated quality management standards that will impact CPA firms at the firm and engagement levels. Because these proposals replace a “one-size-fits-all” model with a scalable approach to firms of all sizes, SCACPA understands that these changes will have significant effects for many smaller South Carolina CPA firms. To influence these standards on behalf of all South Carolina CPAs, we are assembling a Task Force of Association members with the aim of providing SCACPA’s written response –find out how we would like your help.

The Governmental Affairs Committee held virtual meetings with the DEW, BOA and DOR on May 20, and here are some highlights:

    • DEW: The GA Committee met with Jamie Suber, DEW Assistant Executive Director, for an update. The meeting was very positive and informative. SC is one of 25 states to withdraw from the Federal funding of Unemployment benefits. The additional $300 in Federal benefits will cease week ending June 26th. The GA Committee congratulated Jamie and the DEW for the work in diligently attacking fraud.
    • DOR: Ideas were exchanged on ways to increase the amount of e-filing for BPP forms, which is an area of interest for both SCACPA and the DOR.
  • You can read the third quarter edition of the SC Board of Accountancy’s newsletter, SC BOArd News, which has valuable information for all licensees.
  • Stay tuned to Connect and SCACPA social media for real-time Advocacy updates.
  • Fall Fest is next week! Be sure to register for this LIVE and IN-PERSON event in Columbia. Find out why. 
  • The Tax Team will present the Team Tax – Federal Tax Update in both December and January. Find out more!
  • If you have ideas about how we can make CPE more valuable with specific speakers or topics, please let us know with this form. Stay tuned to SCACPA social media, our blog and scacpa.org/events as we deliver “just-in-time” learning on breaking news topics.
  • SCACPA IS ON INSTAGRAM! Follow us for images from events and programs — and share to your story! Follow us on your other social media (Facebook, Twitter, LinkedIn, and YouTube) for real-time updates.
  • Do you want to see your name in print? Or maybe you have a great idea for a story your peers need to read. We want to hear from you! We’re always looking for great content for the quarterly South Carolina CPA Report magazine! Contact our editorial team.
  • Are you familiar with your member benefit of SCACPA’s private online discussion portal, Connect? It’s easy to get started. Find out how.
  • Did you know that with SCACPA Connect you can review and respond to items in a daily digest email? Pick the time of day you would like to receive a notification that summarizes posts that occurred in the community. You can modify your notification settings to immediate, daily, weekly. However, we ask that you allow the “daily digest” emails at first to familiarize yourself, as well as facilitate and generate some timely discussion.
  • Chapters are gearing up for their end-of-year meetings. Stay tuned to social media, Current Assets, and the SCACPA Chapter page for details about events in your local area.
  • SCACPA is proud to promote the “Accountable” podcast for CFOs, from David Peters, CPA, MST, who is the Association’s advisor and speaker on B&I topics. A recent guest was Steve Watson, a CPA, HR expert, and podcaster out of Phoenix, Arizona. He explains why negotiating with insurance brokers doesn’t need to leave CFOs and HR Reps at odds. You can download it as an audio podcast or watch the interviews on YouTube. Look for the latest installments on SCACPA’s B&I Blog Page.

The SCACPA Education Fund awards scholarships to deserving accounting students poised for success in the profession. The Scholarship Recognition Luncheon will take place on November 19 at the Fall Fest Accounting Conference. This event commemorates the accomplishments of tomorrow’s CPAs and celebrates the bright future of the profession! Find out more!

SCACPA and Surgent CPA Review combined our resources to offer a FREE simulated CPA Exam section on Thursday, June 3. This Mock CPA Exam was open to SCACPA Student Members and CPA Candidates, best of luck to everyone who registered. For more news on Student events, keep an eye on SCACPA’s Student Membership page.

Member Benefit Spotlight

  • SCACPA offers many other incredible benefits, including auto and home insurance, long-term care, and pet health insurance. For details, visit scacpa.org/insurance.
  • Save with SCACPA on MetLife Auto & Home Insurance: Members can save up to 15 percent with this exclusive plan. You’ll receive quotes from multiple carriers to ensure you’re getting the best rate. Get started. 
  • Your pets need insurance too! Receive up to 15 percent discount on policies (more on multi-pet policies)! You can cover your pets for preventative care and any hardships that befall them. There’s also the freedom to visit the vet care provider of your choice! Get started!
  • With UPS shipping, tracking and billing technology combined with security and insurance features, SCACPA members can build trust and loyalty with every overnight delivery.

Partner with SCACPA for Success

  • For businesses looking to grow, we’re spreading the word that CPAs are an ideal target market. The Partnership Playbook explains all the reasons why partnering with SCACPA is a win-win.
  • Are you looking to be a strategic finance partner in your business? Do you want to upskill and future-proof your career? Explore how the AICPA’s CGMA Finance Leadership Program can help you grow. Learn the skills that 2,000+ CFOs and Finance Leaders have identified as being critical for your career. Build new competencies and elevate your career with the CGMA Finance Leadership Program. As a CPA with extensive training, you have a preferred pathway to earn the designation. CPAs start at the Strategic Level of the CGMA program. It’s no wonder why 91 of the Fortune 100 and 95 of the world’s top 100 brands choose CGMA designation holders. Learn more.
  • Message from Paychex: Clients Have All of 2021 to Claim Employee Retention Tax Credit. More than 60% of businesses in a recent survey said they did not know about the Employee Retention Tax Credit. Did you know that Paychex clients who claimed the ERTC, on average, saved $89,000? With the deadline to claim the credit extended until Dec. 31, 2021, you have more time to educate and advise your clients on the benefits that can come with getting employees back on the payroll. Read more about the ERTC.