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March 24, 2018

News Roundup

Court Grants IRS’s ‘John Doe’ Summons for Unreported Virtual Currency Transactions Taxpayers who engage in virtual currency transactions should be aware a federal district court has let the IRS enforce a ‘John Doe’...
March 23, 2018

LEGISLATIVE UPDATE: Conformity Bill is Proposed; Senate Committee Works on Budget

The straight Conformity of bill H. 5162, introduced by House Ways and Means Chair Brian White, begins its path through debate in House committees. Also, the Senate Finance Committee started its work on the state budget. View from the Dome...
March 23, 2018

Dispel These Three Client Myths About Tax Extensions

A tax extension can be a benefit to your clients, but only if they are clear on what an extension means. Tax CPAs can read about Three Client Myths About Tax Extensions to make sure clients are informed about how an extension can affect them –...
March 22, 2018

DEW’s New Online Unemployment Insurance System Launches March 26

The S.C. Department of Employment and Workforce will implement its new State Unemployment Insurance Tax System (SUITS) on Monday, March 26. The new online system is designed to help file unemployment insurance wage reports and pay unemployment...
March 22, 2018

Donations for ‘Little Brian Bags’ Help Support Children’s Hospital Visits – and a SCACPA Member’s Family

We are hoping the CPA community can unite to help SCACPA member Jessica Glenney, CPA, CGMA, gather donations for parents who are faced with extended stays in children’s hospitals. It’s a situation that, unfortunately, Jessica has known...
March 22, 2018

AICPA Unveils New Tax Reform Update Tools with Power Points, Podcast

AICPA has posted the following new and updated tax reform resources: Two Tax Law Power Point presentations: AICPA’s tax team has updated two PowerPoint presentations on the impact of the new tax laws, which you can find at this Dropbox...