August 2021

AICPA Seeks Quick Relief on Interruption of LIFO Inventories and 3 more topics! Nichols Tax Update Issue 21-34

By |2021-10-05T15:11:37-04:00August 31st, 2021|Regulatory, Tax|

Nichols’ Tax Update Podcast: Issue 21-34  Aunt Entitled to Child Tax Credits, Dependency Deductions The Tax Court, in a summary opinion, held that an individual is entitled to dependency [...]

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SCACPA Leadership Meets to Drive Vision. Strategic Planning Session Identifies Goals for Serving a Changing Profession.

By |2021-09-01T17:03:18-04:00August 31st, 2021|Blogs, Featured, Membership, Uncategorized|

The SCACPA leadership convened last week to discuss how the Association should continue to promote and protect the CPA profession in [...]

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SCACPA FORMS LEGISLATOR CONNECTIONS COMMUNITY Please Help us Strengthen our Association’s Grassroots Advocacy

By |2021-09-17T12:59:07-04:00August 25th, 2021|Advocate, Featured, Legislative/Advocacy|

To enhance our grassroots Advocacy effectiveness, we are building a community of members to develop and maintain relationships with South Carolina legislators. One of the major benefits of SCACPA [...]

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IRS Offers Safe Harbor for Employers Using Retention Credit and 5 more topics! Nichols Tax Update Issue 21-33

By |2021-10-05T15:12:27-04:00August 25th, 2021|Regulatory, Tax|

Nichols’ Tax Update Podcast: Issue 21-33  IRS Offers Safe Harbor for Employers Using Retention Credit New IRS guidance will allow employers to exclude some items from their gross receipts to [...]

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SCACPA’s Task Force Replies to AICPA ASB Proposed New Standards

By |2021-08-18T19:40:04-04:00August 18th, 2021|Advocate, Auditing & Accounting, Featured, Legislative/Advocacy, Regulatory, Technology|

The AICPA Auditing Standards Board has proposed the most significant changes regarding quality management since 2006 with three new interrelated quality management standards which will impact CPA firms at both [...]

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Advance Child Tax Credits Hurtling Toward 2022 ‘Train Wreck’ and 6 more topics! Nichols Tax Update 21-32

By |2021-10-05T15:13:09-04:00August 17th, 2021|Regulatory, Tax|

Nichols’ Tax Update Podcast- Issue 21-32 IRS Urges EIN Holders to Update Responsible Party Information The IRS, citing security issues, has urged (IR-2021-161) entities with employer identification numbers to [...]

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This week on Accountable: Hiring During the Great Resignation, with TalentSource360 Managing Partner Corey Edmonds

By |2021-08-17T09:26:19-04:00August 17th, 2021|Business & Industry, Educate, Featured|

This week on Accountable: Hiring During the Great Resignation, with TalentSource360 Managing Partner Corey Edmonds. In addition to being a SCACPA advisor on B&I topics, David Peters is an [...]

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SINGLE AUDIT CONSIDERATIONS- Pandemic relief assistance makes many entities subject for the first time. Are they aware? Are they ready?

By |2021-08-11T17:31:23-04:00August 11th, 2021|Auditing & Accounting, Educate, Featured, Governmental|

Single Audit Considerations  Melisa Galasso  In response to the devastating effect of the global pandemic on the US economy, Congress passed several laws (the CARES Act, CAA and ARPA) [...]

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CPA EVOLUTION UPDATE: SCACPA leadership meets with the SC BOA and statewide colleges and universities to address industry changes.

By |2021-08-04T21:08:52-04:00August 4th, 2021|Advocate, Grow, Legislative/Advocacy, Regulatory, Uncategorized|

CPA EVOLUTION UPDATE: WHAT IS THE IMPACT ON YOU? This week SCACPA leadership attended a meeting of the South Carolina Board of Accountancy Education Subcommittee.  In addition to SCACPA [...]

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