Showing Results for Chris Jenkins

March 2, 2018

IRS’s Updated Withholding Calculator is Vital for ‘Paycheck Checkup’

The IRS updated its Withholding Calculator and released a new version of Form W-4 to help taxpayers make sure they have the right amount of tax taken out of their paychecks. “Withholding issues can be complicated, and the calculator is...
March 1, 2018

Home Equity Loan Interest Can Still Be Deductible

The IRS advised taxpayers that there are many cases in which can continue to deduct interest paid on home equity loans. The IRS, in responding to questions from taxpayers and tax professionals, said that despite newly enacted restrictions on home...
March 1, 2018

SCACPA Legislative Update: State’s $8.2B Budget Adopted; 3% Tax on Services Proposed

As part of our mission to be on the forefront of advocacy for South Carolina CPAs, the SCACPA Advocacy team is pressing forward on our messaging to legislators to take action on the state tax code’s Conformity to the Federal Tax Code. Because...
February 28, 2018

View from the Dome

By Copper Dome Strategies, LLC The House Ways and Means Committee completed their work on next year's state budget. The Senate spent considerable time on the floor debating the "poultry bill," which regulates the permitting of poultry...
February 28, 2018

Bon Secours Health System to Merge with Mercy Health

Bon Secours Health System -- the parent company of Bon Secours St. Francis Health System, which operates two hospitals in Greenville -- announced plans to merge with another Catholic health system that operates in Ohio and Kentucky, Mercy...
February 27, 2018

Insights into the Writing of CPA Exam Questions

The writers of CPA Exam questions work hard on their wording to ensure each multiple-choice question has one -- and only one -- right answer. According to this AICPA overview, a CPA Exam question can go through as many as 20 reviews with 20-30...