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) [...]
Nichols’ Tax Update Podcast- Issue 21-31 Retiree Must Pay Taxes on Garnished Income The Tax Court sided with the IRS in finding that the state debt repayment deductions from [...]
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 [...]
Nichols’ Tax Update Podcast: Issue 21-29, IRS Issues Fact Sheet on Child Care Tax Credit Advances, and much more! Bank Is Immune From Liability for Complying With IRS [...]
More than 20 South Carolina counties have adopted the standardized online filing of PT-100 with SC Department of Revenue. MyDORWAY is the SCDOR's online platform for filing PT-100s. Led [...]
Nichols’ Tax Update: Issue 21-28 Christian Group That Battled IRS Receives Exemption After All, and much more! Temporary Regs Implement Requirements Regarding Surprise Billing Federal agencies, including Treasury, have [...]
The information below is reprinted from an announcement provided by the South Carolina Department of Employment and Workforce regarding payment of unemployment benefits to claimants. Please read this important [...]
What has 18 legs and catches flies? A baseball team! Central Chapter Family Fun Night at the Fireflies Come join your colleagues and family for a fun night out [...]
What could the Champlain Towers condo collapse mean to SC CPAs? The moral of the tragic Champlain Towers story is that CPAs who audit, advise, or participate in HOAs [...]
This week on Accountable: Why negotiating with insurance brokers doesn't need to leave CFOs and HR Reps at odds. In addition to being a SCACPA advisor on B&I topics, [...]
Federal Legislation introduced to regulate tax preparers. A bill to regulate paid tax preparers and mandate they meet minimum competency standards was introduced by South Carolina 7th District Congressman [...]
Help Shape SCACPA’s CPE Offerings! Want to help influence our CPE offerings? Our CPE Committee is asking for your input as we build CPE by CPAs for CPAs. Each [...]
Nichols’ Tax Update Podcast, Issue 21-26 10 Topics this week: **** IRS Will Not Acquiesce in TriNetHolding on FICA Tip Credits In an action on decision the IRS has announced [...]
View From the Dome - July 2, 2021: The General Assembly returned to Columbia Tuesday to address the governor’s vetoes on the state budget. The Senate confirmed two of [...]
COVID-19 Liability Safe Harbor Act Signed Governor McMaster signs bill providing protection for businesses, healthcare facilities and state agencies. Last week Governor Henry McMaster was joined by business leaders [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
View From the Dome - June 25, 2021: The General Assembly returned to Columbia Monday to adopt the Conference Report on the state budget. Several committees met this week [...]
Plan ahead for outages ahead of MyDORWAY upgrades on June 28 The South Carolina Department of Revenue (SCDOR) is just days away from introducing the upgraded version of MyDORWAY, [...]
Communicating relevant South Carolina specific information and Advocacy on behalf of our CPA Members are important elements of SCACPA’s service to members. Here is your weekly update of actions [...]
Surprise announcement creates confusion. On Wednesday, June 15, 2021, the South Carolina Board of Accountancy announced that, “Due to the South Carolina State of Emergency expiring on June 7, [...]