As of Friday, March 16, there is growing support to do some version of Conformity, but no Conformity bill has been introduced.
As your firm works diligently to prepare your clients’ tax returns this season, hackers are looking to steal your clients’ data. Once a hacker has that data, it’s a race to see who can file the return first; your firm or the hacker.
SCACPA’s Advocacy activities this past week were highlighted by CEO Chris Jenkins and Board member Ken Newhouse meeting with House Ways and Means Committee Chairman W. Brian White (R-Anderson). Conformity issues were discussed in detail, and we were able to answer questions about the issue. The talks included our description of the effects to South Carolina if there is no Conformity. We thank Chairman White for his time, and we are glad he heard our concerns.
According to a study published by personal finance website WalletHub, South Carolina residents pay $821 in real estate taxes on an average-priced home and $651 in vehicle taxes based on a car value of $24,000.