Gov. McMaster Urges House, Senate to Pass Conformity in Letter
With days running out before this S.C. legislative session adjourns, S.C. Gov. Henry McMaster sent a letter that asks the General Assembly to address the issue of Conformity to the [...]
LEGISLATIVE UPDATE: Signs Point to Sine Die Fate for Conformity Passage
With six legislative days remaining in this session, it appears South Carolina’s passage of a Conformity bill will be included in a sine die resolution. While the language for the [...]
IRS Nationwide Tax Forums Will Visit Atlanta to Talk Tax Law, Cybersecurity and Offer Case Resolution
With recent tax law changes and continued cybersecurity threats facing the tax community, the IRS is encouraging tax professionals to sign up for this summer’s Nationwide Tax Forums. Each of [...]
Hold That Call: IRS Warns of New Twist on Phone Scam With ‘Spoofing’
The IRS warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers to trick taxpayers into paying non-existent tax [...]
Week April 23-27
ADVOCATE The Advocacy Team scored another victory on behalf of a SCACPA member. We were alerted Tuesday morning that the Department of Employment and Workforce customer service phone operators were [...]
Software Connect: New Buyers are Driving Accounting Software Purchase Trends for 2018
Accountants have deep insights into their company's processes, so they should be as equally involved in the selection of new software for their organizations. What drives companies to upgrade to [...]
South State Corp.’s Net Income Rises by $39.9 Million For 1Q, Declares 34-Cent Dividend
South State Corp.’s first-quarter 2018 net income was $42.3 million, an increase of $39.9 million from the end-of-year $2.4 million, the company reported. The board of directors of the Columbia-based [...]
House Ways and Means Committee Wants Answers for IRS Tax Day Tech Breakdown
A bipartisan group of House Ways and Means Committee lawmakers have given the IRS a deadline of May 4 to answer questions related to the April 17 technical glitches that [...]
DEW Will Provide Customer Service on Saturday, April 21
As the deadline nears for first quarter unemployment wage filings and payments, the S.C. Department of Employment and Workforce understands that many businesses may have lost a day of preparation [...]
LEGISLATIVE UPDATE: House Income Tax Subcommittee Hears Testimony from SCACPA, Others in Favor of Conformity
The South Carolina Association of CPAs was one of the multiple entities that presented testimony about tax Conformity bill H. 5162 to the Income Tax Subcommittee of the House Ways [...]
News Roundup
Retailers, Restaurants Once Again Offer Discounts Tied to Tax Deadline Dollar margaritas, free massages and menu upgrades were among the treats and “deductions” offered by America’s restaurants, retailers and service [...]
Week April 16-20
ADVOCATE The Conformity Bill H. 5162; introduced by House Ways and Means Committee Chair Brian White (R-Anderson), is currently at the House and will be going to meeting this week. [...]
Charleston Accounting Startup Ceterus Raises $10 Million in Venture Capital
Ceterus, one of Charleston’s fastest-growing technology startups since its founding in 2008, has gained $10 million in a round of Series B funding from Richmond, Va.-based Harbert Growth Partners. It [...]
Conformity Update: SCACPA Board Member Ken Newhouse Testifies on Conformity at Ways and Means Subcommittee Meeting
April 18, 2018 – SCACPA Board Member Ken Newhouse, CPA, presented testimony in support of Conformity to the South Carolina House Ways and Means Committee on Tuesday, April 17, 2018. [...]
IMPORTANT: IRS EXTENDS tax deadline to midnight, April 18
Tuesday, April 17, the IRS’ Modernized eFile and Direct Pay services went down, leaving CPA tax practitioners and taxpayers scrambling on the last day of filing season. A number of [...]
IRS provides additional day to file and pay for taxpayers through Wed., April 18; IRS processing systems online
The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 [...]
IRS e-File and Direct Pay Technical Issues
The IRS announced they are having technical issues with their e-File and Direct Pay systems today. IRS personnel have told us that they are working to resolve the problem. The [...]
SCACPA Member’s New Tech Platform Promises to Link Accountants with Specialty Work
During his five years as a CPA, Sean Kenny became well-versed with the annual Busy Season grind. But in the past year, as he has worked toward his goal of [...]
K2 Enterprises: What To Watch For in AI, Blockchain and Big Data
By Randy Johnston, K2 Enterprises When our K2 team offers a CPE course related to accounting technology, our rule is that we should have content that can be applied the [...]
News Roundup
Solar Bill Suffers Stunning Defeat in S.C. House Turnaround A bill to expand South Carolina’s solar power industry that enjoyed a victorious 64-33 House vote a week earlier was killed [...]