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Monthly Archives: September 2019

SCACPA Member Hervochon Named Among “40 under 40” List by CPA Practice Advisor Magazine

By |2019-09-26T17:36:30-04:00September 26th, 2019|Auditing & Accounting, Business & Industry, Connect, Featured, Membership, Public Relations, Why CPA|

SCACPA congratulates Chris Hervochon, CPA, CVA, (SCACPA Member since 2017) for being selected among the 2019 "40 Under 40" in the Accounting Profession by CPA Practice Advisor magazine. He will [...]

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State Tax Issue? Meet the SCDOR’s Taxpayer Advocate at Offices Around the State Later This Year

By |2019-10-02T16:09:19-04:00September 26th, 2019|Advocate, Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Those who need help resolving state tax issues can visit the SC Department of Revenue’s Taxpayer Advocate across the state beginning in October. The Advocate, who is based in [...]

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SC News and Tax Roundup: Columbia’s Plan of Business Fees for Nonprofits Would Hit Hospitals Not Churches

By |2019-09-25T16:28:25-04:00September 25th, 2019|Communicate, News Roundup|

IN THIS ISSUE: Columbia City Council’s plan to impose business fees for nonprofits would hit hospitals but not churches. … S.C.’s unemployment rate falls to 3.2% in August, thanks [...]

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BOA Votes for License Fee Increases for 2021

By |2019-09-26T12:53:58-04:00September 25th, 2019|Advocate, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The South Carolina Board of Accountancy voted its approval to raise annual license fees starting for 2021 during a Special Called Meeting on Tuesday, Sept. 24. The vote came [...]

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Dept. of Labor’s Final Rule Makes 1.3M American Workers Eligible for Overtime Pay

By |2019-09-25T11:49:40-04:00September 25th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory|

The U.S. Department of Labor announced a final rule on Tuesday, Sept. 24 that makes 1.3 million American workers newly eligible for overtime pay. It updates the earnings thresholds [...]

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SCDOR Releases Two Revenue Rulings on Sales to Government Employees and Phone Bill Charges

By |2019-09-20T16:06:27-04:00September 20th, 2019|Auditing & Accounting, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The South Carolina Department of Revenue has issued a pair of approved advisory opinions based on public drafts that were released in August. The first informs retailers that federal government [...]

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Join Melisa Galasso for A&A Re-Broadcast Course on ‘The New AICPA Auditor’s Report,’ a Must-See for Auditors

By |2019-09-23T15:24:00-04:00September 19th, 2019|Auditing & Accounting, Blogs, Communicate, Educate, Featured, Membership Page Controls, Partners|

Course Title: “The New AICPA Auditor’s Report” Date of Broadcast: Tuesday, Dec. 10, 9 a.m.; Date Recorded: May 12, 2019     Expected Credit Hours: 1 CPE. SCACPA members can apply one hour from their 2019-20 [...]

SC News and Tax Roundup: Hurricane Dorian Evacuations, Closures Said to Cost Charleston $58.6 Million

By |2019-09-18T21:47:09-04:00September 18th, 2019|News Roundup|

Hurricane Dorian Evacuations, Closures Said to Cost Charleston $58.6 Million Hurricane Dorian marked five straight years that the Palmetto State’s tourism industry lost business due to storms and flooding, [...]

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Galasso A&A Video Blog: Reference Rate Reform & Balance Sheet Classification of Debt

By |2019-09-17T18:12:17-04:00September 17th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Regulatory|

Melisa Galasso talks about two big proposals just released from the Financial Accounting Standards Board. The first proposal relates to the movement away from LIBOR. As LIBOR has come [...]

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SC News and Tax Roundup: Who Will Pay for Hurricane Dorian Cleanup?

By |2019-09-12T09:13:19-04:00September 11th, 2019|Blogs, News Roundup|

Hurricane Dorian Damage Assessments are Being Collected to Calculate Cleanup Costs As South Carolina’s coastal residents clear the debris caused by Hurricane Dorian, municipal workers have begun to haul [...]

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SCDOR Releases its Tax Legislative Update for 2019

By |2019-09-11T11:19:04-04:00September 11th, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

What were the critical changes in South Carolina’s tax and regulatory laws enacted during the past legislative session? The state’s Department of Revenue has prepared a summary of these [...]

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How You Can Get Involved with October Month of Service

By |2019-09-10T10:47:12-04:00September 10th, 2019|Blogs, Connect, Featured, Membership, Public Relations, Why CPA|

The weeks are ticking down until the start of our annual October Month of Service drive, and SCACPA is proud to help CPAs connect with their peers to make a [...]

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Dorian’s Threat is Gone, but Keep in Mind These Steps About Future Tax Deadline Extensions

By |2019-09-10T10:17:53-04:00September 10th, 2019|Auditing & Accounting, Blogs, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

Now that South Carolina has finished enduring the immediate threat of Hurricane Dorian, many SCACPA members are contacting the Association in search of news about possible state and federal tax [...]

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Tax Preparedness Steps in Advance of a Hurricane or Other Disaster

By |2019-09-10T10:10:26-04:00September 10th, 2019|Blogs, Communicate, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

The South Carolina Association of CPAs wants our members to be aware that we monitor news and weather forecasts for projected hurricanes and other natural disasters for their possible effects [...]

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Buy-Sell Agreements: Don’t Sleep on the Valuation Clause

By |2019-09-09T20:45:44-04:00September 9th, 2019|Blogs, Business & Industry, Grow|

Agreements that are not carefully considered for changing conditions can become “ticking-time bombs” that can lead to animosity – or years of litigation. By Dustin C. Scott, CPA, CVA, [...]

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The Importance of CPA-PAC: Influencing the Decisions that Impact Our Profession

By |2019-09-05T09:38:34-04:00September 9th, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

The CPA Profession has celebrated a long list of legislative victories, but none of those successes are possible without legislators who listen to and support our position. It is [...]

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SC News and Tax Roundup: Waffle House Team Mobilizes with Suppliers to Serve Communities as Dorian Threatens Carolinas

By |2019-09-04T17:06:18-04:00September 4th, 2019|Blogs, News Roundup|

Waffle House Team Mobilizes with Suppliers to Serve Communities as Dorian Threatens Carolinas From a conference room in Waffle House’s Atlanta headquarters, the path of Hurricane Dorian is monitored [...]

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