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Monthly Archives: February 2020

View From the Dome: House Floor Debate is Up Next for Budget After Ways and Means Committee Plan Adopted (Feb. 21)

By |2020-02-21T13:22:20-05:00February 21st, 2020|Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, Feb. 21, 2020 The potential sale of state-owned utility Santee Cooper has taken center stage at the State House, with hearings occurring through the week [...]

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Melisa Galasso A&A Interview: Private Company Council Member Jeremy Dillard and Standard-Setting Advocacy

By |2020-02-21T11:38:27-05:00February 21st, 2020|Uncategorized|

“GAAP has become increasingly complex in the past decades, and it’s probably the biggest issue impacting private companies” By Melisa Galasso, CPA | SCACPA Advisor and Speaker on A&A [...]

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SC News and Tax Roundup: SCDOR Delivers Lists of Top Delinquent Individual, Business Taxpayers

By |2020-02-20T14:50:29-05:00February 19th, 2020|Blogs, Communicate, Membership Page Controls, News Roundup|

IN THIS EDITION: SCDOR Delivers Lists of Top Delinquent Individual, Business Taxpayers … SCDOR Releases Public Draft on Casual Excise Tax for ​Sales of Boats, Boat Motors, and Airplanes [...]

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Amended Business License Reform Bill Advances with Plan for Gross Receipts Calculations, RFA Portal

By |2020-02-18T17:51:50-05:00February 18th, 2020|Advocate, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Tax, Technology|

The House Labor Commerce and Industry Committee unanimously gave approval, as amended, to H.4431 (Reps. Jordan, Fry, Rose, Atkinson and others), the "South Carolina Business License Tax Standardization Act,” [...]

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Coastal Chapter Members: ‘Lunch and Learn’ Opportunities are Back Every Month Through June!

By |2020-02-19T16:36:47-05:00February 18th, 2020|Blogs, Educate, Featured, Membership, Membership Page Controls, Tax|

There’s good news for Coastal Chapter members who are hungry for CPE opportunities in the coming months: the popular “Lunch and Learn” series of events is back. From March [...]

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Here’s Why More Businesses and Manufacturers are Considering the R&D Tax Credit this Filing Season

By |2020-02-18T13:26:37-05:00February 18th, 2020|Blogs, Business & Industry, Communicate, Featured, Membership Page Controls, Tax|

By Michael Krajcer, CPA, J.D. | michael@taxcreditsgroup.com | SCACPA Contributor We’ve all seen by now that the Tax Cuts and Jobs Act of 2017 was a monumental tax reform act. [...]

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Attention, Enrolled Agents: SCACPA is Now an IRS-Approved Tax Education Provider

By |2020-02-18T13:06:51-05:00February 18th, 2020|Blogs, Educate, Featured, Governmental, Membership, Membership Page Controls, Public Relations, Regulatory, Tax|

The South Carolina Association of CPAs is excited to announce it is now an IRS-approved provider for our Tax continuing education courses. For Enrolled Agents and non-CPAs in and [...]

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Burch, Oxner, Seale is Named SCACPA’s Community Connected Engagement Award Winner for 2019’s Month of Service

By |2020-02-18T12:04:07-05:00February 18th, 2020|Blogs, Connect, Featured, Membership Page Controls, Public Relations, Why CPA|

Kristina Johnson, Kyle New and Reba Gaskins of Burch, Oxner, Seale. Congratulations to Burch, Oxner, Seale Co., CPAs, PA for winning SCACPA’s annual Community Connected Engagement Award [...]

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SCACPA Happenings: Week of Feb. 17-21

By |2020-02-18T16:25:08-05:00February 17th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

THIS WEEK: SCACPA is now an IRS-approved provider for our tax CPE classes. Watch for an announcement and updates as we enter the 2020-21 CPE season starting July 1 [...]

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How to Leverage Point of Sales Data for Greater Insights

By |2020-02-14T15:40:18-05:00February 14th, 2020|Blogs, Business & Industry, Educate, Membership Page Controls, Technology|

Learn how to use automation to move your advisory services up the value chain By Chris Hervochon, CPA, CVA | SCACPA Member Since 2017 CPAs are fighting automation and [...]

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View From The Dome: Board of Economic Advisors Announces Largest Budget Surplus in SC History (Feb. 14)

By |2020-02-14T13:09:24-05:00February 14th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, Feb. 14, 2020 The long-awaited recommendation on the future of state-owned utility Santee Cooper has been released. The Senate went late into the night [...]

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Galasso A&A Video Blog: Presentation & Disclosures by Not-For-Profit Entities for Contributed Nonfinancial Assets

By |2020-02-13T17:12:17-05:00February 13th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Public Relations, Regulatory|

FASB has issued a proposed Auditing Standards Update titled “Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.” Gifts in kind have received a lot of attention for [...]

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New at the SCDOR in 2020: Filing for Amended Returns, a Boost to the Motor Fuel Income Tax Credit and More

By |2020-02-12T20:05:52-05:00February 12th, 2020|Blogs, Communicate, Governmental, Membership Page Controls, Public Relations, Tax, Technology|

By the South Carolina Department of Revenue In 2019, the South Carolina Department of Revenue collected a record $13.2 billion in revenue for South Carolina, launched a comprehensive State [...]

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Galasso A&A Video Blog: SOP 20-1: Global Investment Performance Standards

By |2020-02-14T15:53:12-05:00February 12th, 2020|Auditing & Accounting, Blogs, Educate, Membership Page Controls, Regulatory|

The AICPA has issued a Statement of Position to address when a practitioner reports under the new 2020 GIPS standards. As the standards were updated, effective Jan. 1, 2020, [...]

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SC News and Tax Roundup: IRS, Treasury Release Proposed Regulations to Update Income Tax Withholding Rules

By |2020-02-12T17:48:28-05:00February 12th, 2020|Blogs, Communicate, Membership Page Controls, News Roundup|

In This Edition: IRS, Treasury release proposed regulations to update income tax withholding rules … New legislative year for states includes new threats to CPA licensing … A conversation [...]

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SCACPA Happenings: Week of Feb. 10-14

By |2020-02-11T17:00:31-05:00February 11th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

THIS WEEK: SCACPA is now an IRS-approved provider for our tax CPE classes. Watch for updates as we enter the 2020-21 CPE season starting July 1 with the new membership [...]

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Learn IRS News for Tax Professionals for February 2020

By |2020-02-10T19:01:40-05:00February 10th, 2020|Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

The following information was contained in the February 2020 IRS News for Tax Professionals newsletter. Click on the headline links to read the full article. For questions or more [...]

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Consider the Options to Make Your Tax Refund Work for You

By |2020-02-10T15:15:18-05:00February 10th, 2020|Blogs, Communicate, Membership Page Controls, Tax|

By Jim McKinley, SCACPA Contributor | jim@moneywithjim.org A tax refund can be unexpected money in your pocket, and as a result, many people don’t have a good plan for [...]

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Instructors Needed for Small Business Tax Workshops on IRS Topics in Charleston Area

By |2020-02-07T17:14:57-05:00February 7th, 2020|Blogs, Business & Industry, Educate, Governmental, Membership Page Controls, Public Relations, Tax|

The IRS is seeking volunteers to teach taxpayer rights and responsibilities to Charleston-area small business owners at local Small Business Tax Workshops sponsored by the South Carolina Small Business Development [...]

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View From The Dome: Senate Finance Committee Approves Business Personal Property Bill for DOR Filing (Feb. 7)

By |2020-02-07T13:19:50-05:00February 7th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

By Copper Dome Strategies Friday, Feb. 7, 2020 The General Assembly held a Joint Session on Wednesday to elect judges and several college trustees. The Senate is in the fourth [...]

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