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Monthly Archives: May 2019

View from the Dome: Legislation on Board of Accountancy Takes Effect Immediately

By |2019-05-17T14:14:39-04:00May 17th, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 17, 2019 By Copper Dome Strategies, LLC Although the General Assembly adjourned Sine Die on May 9, a Joint Resolution to allow work to continue past the [...]

Governor Signs Bill that Amends BOA Laws for Reciprocity, Open Hearings

By |2019-05-17T12:03:35-04:00May 17th, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

Final approval for a bill that amends some key operating procedures for the South Carolina Board of Accountancy was given by the Senate on Thursday, May 9, the final day of the 2019 legislative [...]

Melisa Galasso Auditing Blog: Proposed Accounting Standards Codification in Response to SEC Simplification Initiative

By |2019-05-14T10:27:15-04:00May 14th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls|

https://www.youtube.com/watch?v=myeE5SNt5qk FASB has issued an Exposure Draft for Disclosure Improvements on Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. The proposed amendments are intended to clarify or improve [...]

View from the Dome: Legislative Session Ends, But General Assembly Will Return for Unfinished Business on State Budget

By |2019-05-10T13:15:05-04:00May 10th, 2019|Advocate, Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

View from the Dome – May 10, 2019 By Copper Dome Strategies, LLC   The General Assembly adjourned Sine Die on Thursday, May 9, at 5 p.m. after a flurry of last-week-of-session activities in both chambers, including passing legislation [...]

Melisa Galasso Auditing Blog: Definition of Direct Care of Collection Items

By |2019-05-10T10:37:14-04:00May 10th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Partners, Regulatory|

https://www.youtube.com/watch?v=NKVUS0CLVfM   In March 2019, the FASB issued an Accounting Standards Update (ASU) changing the definition of a collection to allow proceeds of a sale of a collection item to be [...]

Pair of New Auditing Standards are Issued with SAS Nos. 134 and 135

By |2019-05-09T13:38:56-04:00May 9th, 2019|Auditing & Accounting, Blogs, Communicate, Featured, Governmental, Membership Page Controls|

The AICPA’s Auditing Standards Board issued a pair of new auditing standards on Wednesday, May 8:  SAS No. 134: Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements   SAS [...]

SCACPA Partner Wins Prestigious Rising Star Award

By |2019-05-10T08:38:11-04:00May 9th, 2019|Auditing & Accounting, Blogs, Communicate, Educate, Featured, Membership, Membership Page Controls, Partners|

SCACPA partner Melisa Galasso received the Charlotte Chapter of the National Association of Women Business Owners’ Rising Star of the Year Award on Tuesday, May 7, in Charlotte, North Carolina.  The NAWBO award [...]

DOR Releases Information Letter Concerning New ‘Marketplace Facilitator’ Law Effective April 26

By |2019-05-08T11:11:02-04:00May 8th, 2019|Advocate, Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

The South Carolina Department of Revenue issued an advisory opinion in the form of “Information Letter 19-14: Marketplace Facilitator” on Tuesday, May 7. It informs persons operating as a marketplace facilitator who sell tangible personal property [...]

SCACPA Testifies to House Legislative Oversight Committee on Strengthening BOA’s Resources, Communications and Guidance

By |2019-05-08T11:04:34-04:00May 8th, 2019|Advocate, Blogs, Governmental, Legislative/Advocacy, Membership Page Controls|

As the House Legislative Oversight Committee continues its overview of the LLR, members of the South Carolina Association of CPAs visited the Blatt Building to offer testimony on Wednesday, [...]

Get Rewarded with SCACPA’s Refer-a-Friend Program!

By |2019-05-08T08:12:40-04:00May 8th, 2019|Blogs, Featured, Grow, Membership, Membership Page Controls, Public Relations|

This year, as you renew your membership with SCACPA, keep in mind that Together, We Are Stronger; Together, We Are Better. That saying simply means that the SCACPA’s purpose—our [...]

How to Start A Conversation with A Nonmember About Joining SCACPA

By |2019-05-08T08:09:10-04:00May 8th, 2019|Blogs, Grow, Membership, Membership Page Controls|

Trying to convince a fellow CPA to join SCACPA? Here are just a few of the things SCACPA accomplished in the 2018-2019 member year. Feel free to use these as selling [...]

Spring Splash is Just Around the Corner! Register Today!

By |2019-05-07T10:45:13-04:00May 7th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Membership, Membership Page Controls, Tax, Technology|

In just one week, CPAs from across the state and beyond will gather together in Charleston, S.C., for an event that will be long-remembered: SCACPA’s Spring Splash 2019.   As a [...]

Have Questions About Your SCACPA Membership? We Have Answers

By |2019-05-08T08:04:01-04:00May 7th, 2019|Blogs, Communicate, Membership, Membership Page Controls|

At SCACPA headquarters, we understand that sometimes questions might arise as you are in the process of renewing your membership. Here are some of most frequently asked questions to help [...]

View from the Dome: Public Hearings Promised in Coming Months for New Sales Tax Bill

By |2019-05-03T12:04:43-04:00May 3rd, 2019|Advocate, Blogs, Featured, Governmental, Membership Page Controls|

View from the Dome – May 3, 2019 By Copper Dome Strategies, LLC  The debate on the potential sale of state-owned utility Santee Cooper again dominated the time on the Senate floor [...]

Sales Tax Bill Based on TRAC’s Ideas, Including a Tax on Services, is Referred to Ways and Means Committee

By |2019-05-03T11:11:30-04:00May 3rd, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Tax|

The South Carolina House Tax Policy Review Committee introduced its sales tax proposal on Thursday, May 2. It was read for the first time and referred to the Ways [...]

‘Exceptional SC’ Leader Provides CPAs with Updates on His SALT Talks with OMB, IRS, and Charity’s Plans for Expansion

By |2019-05-01T12:15:12-04:00May 1st, 2019|Blogs, Communicate, Governmental, Legislative/Advocacy, Membership Page Controls|

The SCACPA Advocacy Team is taking this opportunity to share details from a letter that Chad Connelly, the Executive Director of the charity Exceptional SC, sent on Monday, April [...]

In 2019 Legislative Session, SCACPA Advocacy Worked Closely on Conformity Achievement, Interaction with Legislators

By |2019-05-08T15:06:27-04:00May 1st, 2019|Advocate, Blogs, Governmental, Legislative/Advocacy, Membership Page Controls|

SCACPA advocacy expanded in many avenues in 2019. As South Carolina’s 2019 legislative session nears its May 9 adjournment date, the SCACPA Advocacy Team can point to work to [...]