Monthly Archives: September 2018

Senate Finance Committee Advances Conformity Bill for Second Reading; Tax Reform Subcommittee Announced

By |2018-09-26T17:48:25+00:00September 26th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The Senate Finance Committee unanimously approved Tax Conformity bill H.5341 on Wednesday, Sept. 26. Last week, a special Senate Finance Subcommittee on Conformity approved a measure that addressed the Tax [...]

S.C. News Roundup: How SC’s 2019 Tax Returns will be Complicated Without Conformity

By |2018-09-26T15:58:08+00:00September 26th, 2018|News Roundup|

How SC’s 2019 Tax Returns will be Complicated Without Conformity SC’s legislative leaders have a chance to complete 2018 Tax Conformity starting with a special session next week, and [...]

DEW: Residents in Five Counties have 30 Days to Apply for Disaster Unemployment Assistance

By |2018-09-25T18:13:43+00:00September 25th, 2018|Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

With FEMA’s designation for Individual Assistance, residents of Chesterfield, Dillon, Horry, Marion and Marlboro counties are eligible for Disaster Unemployment Assistance. If your job has been affected by Hurricane Florence, [...]

Reminder: AICPA Benevolent Fund is Source for Financial Relief

By |2018-09-25T16:22:20+00:00September 25th, 2018|Legislative/Advocacy, Membership|

As South Carolina recovers from Hurricane Florence, the South Carolina Association of CPAs wants to remind those who belong to the American Institute of CPAs and are experiencing financial [...]

IRS is Granting Tax Deadline Extensions for SC Counties

By |2018-09-26T13:29:09+00:00September 25th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

South Carolina residents in Chesterfield County join those in Dillon, Horry, Marion and Marlboro counties as eligible to apply for aid through FEMA’s Individual Assistance Program, the governor’s office [...]

SC DOR Revises its Revenue Ruling on Sales and Use Tax Economic Nexus Standard

By |2018-09-20T16:39:59+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The South Carolina Department of Revenue has announced an advisory opinion that updates SC Revenue Ruling #09-9 concerning when a retailer must remit a local jurisdiction’s Sales and Use Tax. [...]

In Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence Recovery

By |2018-09-20T16:11:16+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Gov. Henry McMaster sent a letter to South Carolina’s congressional delegation on Thursday, requesting their continued support for his request for Federal disaster assistance for an expected $1.2 billion in [...]

SEC Offers Regulatory Relief for Florence

By |2018-09-20T16:08:54+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The Securities and Exchange Commission announced Wednesday that it is providing regulatory relief to accountants, transfer agents, municipal advisors, publicly traded companies, investment companies, and others affected by Hurricane Florence where [...]

SC DOR to Offer Case-By-Case Tax Relief for Hurricane Florence

By |2018-09-19T10:20:04+00:00September 19th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The South Carolina Department of Revenue announced on Tuesday that it will work on a case-by-case basis to waive any penalties assessed for taxpayers who cannot meet state filing [...]

SC DOR Issues Advisory Opinion for Remote Sellers and Sets Economic Nexus Standard of $100,000

By |2018-09-19T09:55:08+00:00September 19th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Tax, Technology|

The SC Department of Revenue has approved and issued its Advisory Opinion, Revenue Ruling 18-14: Retailers Without a Physical Presence (“Remote Sellers”) – Economic Nexus, on Tuesday, Sept. 18. It [...]

Tax Conformity Arrangement Moves Forward from Senate Finance Subcommittee

By |2018-09-18T15:42:35+00:00September 18th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The push to enact Tax Conformity in South Carolina passed a significant milestone as the Senate Finance Subcommittee on Conformity unanimously adopted an amendment to a House bill on [...]

IRS Reminder: Beware of Disaster Scammers During Florence Recovery

By |2018-09-18T11:37:08+00:00September 18th, 2018|Auditing & Accounting, Governmental, Legislative/Advocacy, Tax, Technology|

The IRS is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters, such as Hurricane [...]

SCACPA Urges IRS to Consider Paths for Tax Deadline Extensions for Those Under Mandatory Evacuation Orders

By |2018-09-18T12:11:01+00:00September 18th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Tax|

South Carolina’s road to recovery from Hurricane and Tropical Storm Florence will be long, but SCACPA has been hard at work to secure assistance and relief for the state’s [...]

SCACPA Watches for State, Federal Responses to Tax Deadline Disaster Extension Requests

By |2018-09-13T12:15:54+00:00September 13th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

With mandatory evacuations along the South Carolina coast underway in anticipation of Hurricane Florence, SCACPA reached out early in the week to the SC DOR and the Governor’s Office to [...]

S.C. News Roundup: Tourism Crowds Skip Lowcountry After Florence Evacuation Order

By |2018-09-13T13:47:30+00:00September 12th, 2018|News Roundup|

Tourism Crowds Skip Lowcountry After Florence Evacuation Order Hotels in the Charleston area, where occupancy rates typically are 85% in this part of the tourism season, are focused on [...]

SCACPA Announces H. McRoy Skipper Scholarship Fund as Month of Service Project

By |2018-09-24T18:26:40+00:00September 12th, 2018|Featured, Membership, Public Relations|

A scholarship fund in memory of former SCACPA President H. McRoy Skipper, CPA, is being launched in conjunction with October’s 2018 Month of Service, the South Carolina Association of [...]