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December 28, 2016

GASB Issues Guidance on Certain Asset Retirement Obligations

GASB has issued guidance for state and local governments addressing liabilities known as “asset retirement obligations.” An asset retirement obligation (ARO) is a legally enforceable liability associated with the retirement of a tangible...
December 27, 2016

2017 GAAP Financial Reporting Taxonomy Now Available

FASB has announced the availability of the 2017 GAAP Financial Reporting Taxonomy (Taxonomy) pending final acceptance by the SEC. FASB staff is responsible for the ongoing development and maintenance of the Taxonomy applicable to public issuers...
December 26, 2016

2017 SC Withholding Tables Now in Effect

Did you remember to update your South Carolina Withholding tax tables? If you are an employer, accountant, payroll provider or software developer, please use the updated tables below, effective immediately. 2017 SC Withholding Tax Tables...
December 25, 2016

Protect Your Business with SCACPA’s Free Partner Education Program

Human resources regulations are constantly changing. Seemingly every day, something changes and employers are faced with a new challenge. Recent changes to the FLSA and ACA are just a small part of the everyday challenges you and your clients face....
December 24, 2016

Why Millennials are the Most Important Generation in your Firm

Finish this sentence: Millennials are tech______. Savvy?.... wrong… that is a common myth. Millennials are not tech savvy, they are tech dependent. They have no idea how a phone was made or how it works, they just know that they cannot live...
December 23, 2016

How to Make Your Employees 48% More Engaged

Too often, new employees show up at a firm that will not slow down for a moment to make sure that they are properly set up for success. As a matter of fact, some places wear this as a badge of honor: “If you can’t keep up with the mayhem,...