Monthly Archives: June 2020

DOR Extends Tax Relief Until Oct. 15 for Persons, Businesses Affected by April’s Severe Weather

By |2020-06-29T22:16:52-04:00June 29th, 2020|Advocate, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Partners, Regulatory, Tax|

The SCDOR and IRS are offering tax relief for victims of the April 2020 tornadoes, severe storms and flooding that impacted nine South Carolina counties, it was announced Friday, June [...]

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SCACPA Happenings: Week of June 29 – July 2

By |2020-06-29T19:40:10-04:00June 29th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

THIS WEEK: The new year is here! As in, the new 2020-21 year of SCACPA’s All-Inclusive Membership, which began July 1. We’re glad so many of you have been renewing [...]

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Meet the SCACPA Student Members Who are Winners of the $5,000 AICPA /SCACPA Minority Scholarship

By |2020-06-29T15:32:30-04:00June 29th, 2020|Blogs, Grow, Membership, Membership Page Controls, Public Relations|

SCACPA is proud to announce three winners of our 2020 AICPA/SCACPA Minority Scholarship Award! Each of these SCACPA Student Members was awarded $5,000. Jessica Outlaw of South Carolina State [...]

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All Through June, SCACPA Has More Than 65 Hours of Livestream CPE for B&I, Government, Nonprofit, Ethics and More

By |2020-06-26T12:21:20-04:00June 27th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership, Membership Page Controls, Partners, Regulatory, Tax, Technology|

Note: For your convenience, you can download a PDF with SCACPA's entire month of June CPE itinerary, complete with course information and links to register for the courses here. [...]

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View From the Dome: $1.2B in Federal CARES Act Funding is Authorized

By |2020-06-26T13:35:36-04:00June 26th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, June 26, 2020 The General Assembly returned to Columbia and adopted a plan to appropriate the federal CARES Act funds. Results have been tabulated for [...]

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Galasso Learning Solutions: OMB Allows Some Coronavirus-Related Flexibilities to Expire

By |2020-06-26T11:49:53-04:00June 26th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

The Office of Management and Budget has issued an updated memo addressing coronavirus-related flexibilities provided under prior OMB Memos. Many of the flexibilities offered in the earlier memos have been [...]

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SCACPA Happenings: Week of June 22 – June 26

By |2020-06-24T15:22:10-04:00June 24th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

THIS WEEK: July 1 is the start of SCACPA’s new membership year, and we’re glad so many of you are renewing your dues for 2020-21. Get equipped with all the [...]

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Galasso Learning Solutions: AICPA-Issued Technical Q&A for CARES Act Accounting

By |2020-06-22T15:58:54-04:00June 22nd, 2020|Uncategorized|

The AICPA has issued a Technical Q&A to provide guidance on how nongovernmental entities should account for monies received under the CARES Act. The Q&A addresses questions related to [...]

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Three Bauknight Pietras & Stormer CPAs Share Their ‘How I Work – From Home’ Stories With SCACPA

By |2020-06-16T19:44:36-04:00June 22nd, 2020|Auditing & Accounting, Blogs, Business & Industry, Connect, COVID-19, Featured, Membership Page Controls, Public Relations, Tax, Technology, Why CPA|

Longtime SCACPA members know that a regular feature of the Association’s quarterly magazine is “How I Work.” In every issue of South Carolina CPA Report, we strive to showcase [...]

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View From the Dome: Senate Finance Committee’s Plan for CARES Act Funds Includes $500M for Unemployment Trust Fund

By |2020-06-19T16:07:11-04:00June 19th, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, June 19, 2020 The Senate Finance Committee met and adopted a plan to appropriate the federal CARES Act funds. House and Senate committees met to [...]

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#WhyCPA? Because CPA is the Gold Standard 

By |2020-06-16T19:43:53-04:00June 19th, 2020|Business & Industry, Grow, Membership, Membership Page Controls, Public Relations, Why CPA|

Isn’t it funny that three little letters make all the difference when it comes to describing who you are and what you do? Those three letters—CPA—are an indicator that [...]

Are You Up to Date on COVID-Related Auditing Delays? Here’s a Recap

By |2020-06-16T18:51:43-04:00June 18th, 2020|Auditing & Accounting, Communicate, COVID-19, Featured, Membership Page Controls, Regulatory|

We can understand if you feel overwhelmed by the rapid rate of adjustments and delays to standards over the past few months. That’s why SCACPA thanks Galasso Learning Solutions [...]

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During Dues Renewal Season, Here Are Reminders About Using Your 40-Hour CPE Bank

By |2020-06-16T18:50:10-04:00June 17th, 2020|Auditing & Accounting, Blogs, Business & Industry, Connect, Featured, Membership, Membership Page Controls, Public Relations, Tax, Why CPA|

Dues renewal time has arrived for SCACPA's 2020-21 membership year! The All-Inclusive Membership annual dues at the Fellow level remains at $799. We always take into account feedback of [...]

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SCACPA Happenings: Week of June 15-June 19

By |2020-06-16T16:55:58-04:00June 16th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

THIS WEEK: SCACPA’s new membership year begins July 1, and we’re glad so many of you are renewing your dues to be prepared for all the benefits SCACPA will offer [...]

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Galasso Learning Solutions: GASB Proposes Application Guidance on CARES Act

By |2020-06-15T14:12:16-04:00June 15th, 2020|Auditing & Accounting, COVID-19, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

GASB has issued an exposure draft, “Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Diseases,” to [...]

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View From the Dome: Gov. McMaster Recommends Disbursal of $1.9B Coronavirus Relief Fund in Two Phases

By |2020-06-17T17:14:49-04:00June 12th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, June 12, 2020 Primary elections occurred this past Tuesday. Gov. Henry McMaster provided his recommendations to the General Assembly this week for the expenditure [...]

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Results and Headlines from the South Carolina June 9 Primary Elections 

By |2020-06-10T12:33:40-04:00June 10th, 2020|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

Here are the results and some context for South Carolina's Primary Elections on June 9, courtesy of Copper Dome Strategies: Federal Races U.S. Senator Lindsey Graham easily defeats his three [...]

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Galasso Learning Solutions: SAS 141 and COVID-related delays

By |2020-06-09T16:36:49-04:00June 9th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Membership Page Controls, Regulatory|

Amendment to the Effective Date of SAS Nos. 134 Through 140. Issued in May 2020, but it did not go through the Exposure Draft process. What questions do you have? [...]

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Galasso Learning Solutions: ASU 2020-05 and COVID-related delays

By |2020-06-09T16:10:41-04:00June 9th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Membership Page Controls, Regulatory|

Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities Issued June 2020 What questions do you have? Send your questions to melisa@galassolearningsolutions.com Tune [...]

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Galasso Learning Solutions: Revisions to the Uniform Accountancy Act’s Model Rules

By |2020-06-09T14:35:01-04:00June 9th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Regulatory|

The National Association of State Boards of Accountancy (NASBA) has proposed revisions to the Uniform Accountancy Act (UAA) Model Rules. The AICPA has already approved CPA Evolution and thus changes [...]

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