March 16, 2018

Richland County Freezes Some Penny Tax Money Until SC DOR Guidance in Place

The Richland County Council adopted a measure on March 9 that freezes penny tax funding for a small-business program, a pair of public relations firms and a mentor-mentee program until the county can coordinate with the South Carolina Department of...
March 15, 2018

S.C. Agency: Scams Cost State Residents $1.6M in 2017

State residents reported surrendering more than $1.6 million in losses to fraud in 2017, according to the South Carolina Department of Consumer Affairs in its annual scams report. The SCDCA’s Identity Theft Unit received 1,441 scam reports...
March 14, 2018

IRS Compiles ‘Dirty Dozen’ List of Tax Scams for 2018

Every year, the IRS compiles a “Dirty Dozen” list of common scams. Taxpayers may encounter these schemes anytime, but many of these peak during filing season. Among this year’s highlighted scams: Be alert to fake charities for...
March 14, 2018

A Trend You Didn't Want: Data Breaches at Small CPA Firms

By Jeremy Gilbert, Manager, Dixon Hughes Goodman IT Advisory and Trevin Mowery, Principal Consultant, Cylance Incident Response and Forensics As your firm works diligently to prepare your clients’ tax returns this season, hackers are looking...
March 9, 2018

LEGISLATIVE UPDATE: As Session Reaches Halfway Point, Conformity Talks Continue

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...
March 9, 2018

News Roundup

Millennials Outnumber Elderly in Reporting Money Lost to Scams The Federal Trade Commission’s annual report on consumer complains show that among people aged 20-29 who reported fraud, 40% indicated they lost money while 18% of those 70 and...

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