Monthly Archives: April 2018

Gov. McMaster Urges House, Senate to Pass Conformity in Letter

By |2018-05-03T14:40:33+00:00April 30th, 2018|Blogs, Featured, Legislative/Advocacy, Tax|

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

By |2018-05-03T14:02:03+00:00April 27th, 2018|Blogs, Featured, Legislative/Advocacy, Tax|

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

By |2018-05-03T11:47:10+00:00April 26th, 2018|Blogs, Tax, Technology|

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’

By |2018-05-03T11:43:06+00:00April 26th, 2018|Blogs, Tax, Technology|

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 [...]

Software Connect: New Buyers are Driving Accounting Software Purchase Trends for 2018

By |2018-05-03T11:33:07+00:00April 25th, 2018|Auditing & Accounting, Blogs, Business & Industry, Technology|

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

By |2018-05-03T11:27:37+00:00April 25th, 2018|Blogs, Business & Industry|

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

By |2018-05-03T11:24:42+00:00April 25th, 2018|Blogs, Tax, Technology|

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 [...]

LEGISLATIVE UPDATE: House Income Tax Subcommittee Hears Testimony from SCACPA, Others in Favor of Conformity

By |2018-05-03T11:00:16+00:00April 20th, 2018|Blogs, Featured, Legislative/Advocacy, Membership, Tax|

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 [...]

Charleston Accounting Startup Ceterus Raises $10 Million in Venture Capital

By |2018-05-03T11:00:56+00:00April 19th, 2018|Blogs, Business & Industry, Technology|

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

By |2018-05-03T11:01:15+00:00April 18th, 2018|Blogs, Featured, Legislative/Advocacy, Membership, Tax|

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

By |2018-05-03T11:01:38+00:00April 18th, 2018|Blogs, Membership, Tax, Technology|

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

By |2018-05-03T11:02:01+00:00April 18th, 2018|Blogs, Membership, Tax|

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 [...]

SCACPA Member’s New Tech Platform Promises to Link Accountants with Specialty Work

By |2018-05-03T11:02:39+00:00April 17th, 2018|Auditing & Accounting, Blogs, Technology|

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 |2018-05-03T00:33:18+00:00April 15th, 2018|Blogs, Business & Industry, Technology|

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 [...]