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SCACPA is Turning 100 and We Need Your Help - In 2015, we will mark our centennial and as part of the celebration we are compiling a history of the association and the profession. We are looking for photos of association events or activities, or other photos of historical significance. If you have photos to share, please email mtaylor@scacpa.org.

CPA Day of Service is Sept. 19 - CPAs from around the state will come together on Sept. 19 to give back and make a difference in their communities. There are a number of ways you can participate - as a chapter, as a firm or as an individual. Mark your calendar and watch for additional information coming soon.  

It's Time to Renew Your Membership - The 2014-15 membership year begins July 1. Payments not received by July 31, 2014 will incur a $10 late fee. Renew your membership online. Questions? Email membership@scacpa.org.

2014 Women to Watch Award - If you know a woman that should be recognized for her contribution to the CPA profession and her community, nominate her for the Women to Watch Award! Click here for details.

Take Part in the 2014 AICPA PCPS/TSCPA National Map Survey The nation's largest practice management benchmarking survey is open. Produced by AICPA's Private Companies Practice Section (PCPS) and the Texas Society of CPAs, the survey collects data from firms across the country on billing rates, chargeability ratios, compensation, and other key performance indicators. The more CPA firms that participate, the more accurate the benchmarks will be. All South Carolina firms are encouraged to participate.  The survey will close July 31. To participate, or sign up, click here.

Show the World You Mean Business Visit cgma.org




IRS Will Revise IRA Rollover Rules -The IRS recently announced that it will revise proposed regulations and Publication 590 to reflect the decision in Bobrow v. Commissioner that individuals cannot make more than one IRA-to-IRA rollover in any one-year period. The IRS will not apply the rule to any rollover of distributions occurring before Jan. 1, 2015. Read more here.

Revenue Transition Group Discusses Difficult Implementation Issues
- A lively discussion by the joint transition resource group created by Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) gave the boards plenty to consider while discussing implementation questions during the group's inaugural meeting Friday July 18. Read more here.

AICPA Sues IRS To Stop Return Preparer Program
- The AICPA filed suit against the IRS in the U.S. District Court for the District of Columbia on Tuesday, July 15. The AICPA is asking the court to halt the IRS's Annual Filing Season Program, that was introduced on June 30, and to declare the rule implementing the program unlawful. Read more here.

We Are Moving!- In September, the S.C. Association of CPAs will relocate to 1300 12th Street, Cayce, approximately 2 miles from our current location. For additional information, and a sneak peak of the building, click here.

Legislative Update - The 2014 legislative session began and ended in controversy but the General Assembly managed to pass into law most of their priority items in between.   Access the full issue of View From the Dome.