Monthly Archives: May 2018

The 2018 PCPS/CPA.com National MAP Survey is Open for Participation

By |2018-05-31T16:01:45+00:00May 31st, 2018|Auditing & Accounting, Business & Industry, Membership|

How Do Your Firm’s Salaries Compare with Others Its Size?  Be in the know in less time! The newly redesigned and streamlined 2018 AICPA PCPS/CPA.com National Management of an Accounting [...]

American IRA: In a Self-Directed IRA, Know Your Wine Limit; and other Prohibited Transactions

By |2018-05-31T13:59:59+00:00May 31st, 2018|Partners, Tax|

By Jim Hitt, American IRA  [Note: American IRA was an exhibitor at SCACPA's Spring Splash Accounting Conference.] The Self-Directed IRA can be one of the most transformative tools an [...]

S.C. News Roundup: Charleston Port Terminal Works Around Wando Bridge Closure; Census Shows Wild S.C. Growth Outside Charlotte

By |2018-05-31T12:56:16+00:00May 31st, 2018|News Roundup|

Amid Wando River Bridge Crisis, Charleston Port Terminal Workers Devote Longer Days to Keep Cargo Moving The S.C. Department of Transportation estimates its repairs to the Interstate 526 Wando River [...]

LEGISLATIVE UPDATE: Legislation Signed into Law Includes Many Healthcare Provisions

By |2018-05-25T18:53:09+00:00May 25th, 2018|Featured, Governmental, Legislative/Advocacy, Tax|

South Carolina’s journey toward reaching Tax Conformity is on hold until the legislature meets again to consider it under Legislation Awaiting Final Action. The General Assembly is expected to return [...]

IRS Scam Warning: Phishing Attacks Come Disguised as Professional Association Outreach

By |2018-05-25T13:01:13+00:00May 25th, 2018|Business & Industry, Featured, Tax, Technology|

The IRS and its state and industry Security Summit partners warned tax practitioners to beware of phishing emails posing as state accounting and professional associations. The IRS has received [...]

S.C. News Roundup: Charleston, North Charleston Are Among Most Prosperous U.S. Cities; Keurig Facility is Coming to Spartanburg County

By |2018-05-24T10:23:45+00:00May 24th, 2018|News Roundup|

Charleston, North Charleston Rank Among Top 5 Cities in American Prosperity RentCafe, an online apartment service, examined how areas with at least 100,000 people fared between 2000 and 2016 [...]

Minnesota’s Window on Tax Conformity Closes After Standoff Between Governor, Legislature

By |2018-05-24T14:02:12+00:00May 23rd, 2018|Featured, Governmental, Tax|

The deadline on a political standoff between Minnesota’s Democratic Governor and its Republican-led Legislature means that state’s tax code has not been conformed to the Federal Tax Cuts and [...]

Improved Taxpayer Customer Service is Goal for IRS Five-Year Strategic Plan

By |2018-05-23T18:25:44+00:00May 23rd, 2018|Governmental, Tax|

The IRS released a five-year Strategic Plan outlining goals to improve taxpayer service and tax administration. The Fiscal Year 2018-2022 IRS Strategic Plan is a roadmap for the agency’s programs [...]

SCACPA Urges Immediate Action on Conformity This Summer

By |2018-05-23T18:26:26+00:00May 23rd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Tax|

Throughout the recent South Carolina legislative session, the South Carolina Association of CPAs communicated to legislators and the public at large that Conformity is needed as soon as possible. [...]

IRS: Federal Guidance on State, Local Tax Credits is On the Horizon

By |2018-05-23T15:53:53+00:00May 23rd, 2018|Auditing & Accounting, Business & Industry, Governmental, Tax|

The U.S. Department of the Treasury and the IRS issued a notice on May 23, 2018, stating that proposed regulations will be issued addressing the deductibility of state and local [...]

LEGISLATIVE UPDATE: Budget, Conformity are on Legislature’s Summer To-Do List

By |2018-05-25T18:40:20+00:00May 22nd, 2018|Featured, Governmental, Legislative/Advocacy, Tax|

South Carolina’s journey toward reaching Tax Conformity is on hold until the legislature meets again to consider it under Legislation Awaiting Final Action. The Sine Die Resolution allows the [...]

CPAs Can Find Advice on How to Add Planning Services

By |2018-05-17T01:09:02+00:00May 17th, 2018|Auditing & Accounting, Business & Industry, Tax|

AICPA has held recent conversations that point to resources CPAs can use on how to remain relevant as the marketplace for tax compliance services is becoming commoditized by advances in [...]

Kopis: Consider These Questions for Your First Machine Learning Project

By |2018-05-16T16:20:29+00:00May 16th, 2018|Business & Industry, Technology|

By Jonathan Fowler Senior BI Developer, Kopis “Machine Learning” has eclipsed “Big Data” as the Business Intelligence buzzword. Many available tools make it easier than ever to train, test and [...]

News Roundup: Thousands of SC Technical Jobs are Unfilled, Lexington Co. has State’s Best Cost of Living

By |2018-05-16T15:55:37+00:00May 16th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, News Roundup, Tax|

As Thousands of Technical Jobs go Unfilled, Leaders Debate Ways to Strengthen Workforce With the state’s 4.4% unemployment rate at a near two-decade low, thousands of new residents moving in [...]

Legalized Sports Gambling May Be Tricky Tax Bet in South Carolina

By |2018-05-23T16:35:40+00:00May 16th, 2018|Business & Industry, Governmental, Legislative/Advocacy, Tax|

The Supreme Court struck down the 1992 Professional and Amateur Sports Protection Act that prohibited states from authorizing sports gambling by a 6-3 vote on Monday, May 14. It [...]

LEGISLATIVE UPDATE: House, Senate, Include Conformity Bills as Sine Die Resolutions

By |2018-05-11T13:27:33+00:00May 11th, 2018|Featured, Governmental, Legislative/Advocacy, Tax|

The "South Carolina Taxpayer Protection and Relief Act,” the Senate version of tax Conformity (S. 1258), was introduced by Senate President Pro Tem and Finance Committee Chairman Hugh Leatherman (R-Florence) on [...]