Auditing & Accounting

Get Ready for 2019 with the SC Department of Revenue

By |2018-11-14T14:48:05+00:00November 14th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

With 2019 fast approaching, here are some end-of-year updates from the South Carolina Department of Revenue: New SCDOR PO boxes and ZIP+4 addresses are now on most SCDOR forms [...]

SCACPA is Listening, Acting as CPAs Struggle to Keep Up With Education and Successor Notifications

By |2018-11-07T14:50:39+00:00November 7th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Public Relations, Regulatory|

The South Carolina Association of CPAs is letting our members know that we are directing our resources toward navigating solutions regarding statewide notifications that affect South Carolina CPAs. The [...]

BOA’s Proposed Regulations Include Education, Licensure Requirements

By |2018-11-07T11:50:33+00:00November 7th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

Here are the South Carolina Board of Accountancy’s proposed regulation amendments for the State Code, as published Oct. 26, 2018:   Document No. 4845 DEPARTMENT OF LABOR, LICENSING AND REGULATION [...]

AICPA Offers Resources for Congressional Responses to Wayfair

By |2018-10-22T17:22:50+00:00October 22nd, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The AICPA State Legislation Team and the AICPA Tax Advocacy Team have put together resources on the Supreme Court’s Wayfair decision, especially as congressional efforts to respond to Wayfair have [...]

SCACPA is “Educating the Educators” on Financial Literacy

By |2018-10-22T15:34:41+00:00October 22nd, 2018|Auditing & Accounting, Business & Industry, Legislative/Advocacy, Membership, Public Relations, Regulatory, Tax|

If high school and college-aged students could choose the one educational course that would most benefit their future, it would be one focused on money management.  That’s according to [...]

AICPA Votes to Move Forward with Expanded ABV Credential Eligibility for Non-CPAs

By |2018-10-22T13:39:49+00:00October 22nd, 2018|Auditing & Accounting, Business & Industry, Legislative/Advocacy, Regulatory, Tax|

The AICPA governing Council will continue to expand the eligibility of the Accredited in Business Valuation credential to non-CPAs, following a vote on Sunday. Five Council members had brought forth [...]

SC Board of Accountancy Q3 Newsletter Offers Tips for Annual License Renewals

By |2018-10-18T17:51:57+00:00October 18th, 2018|Auditing & Accounting, Business & Industry, Governmental, Regulatory, Tax, Technology|

The South Carolina Board of Accountancy released its third quarter newsletter, and here are some items of interest: Tips for License Renewals The BOA staff has prepared a wide [...]

REMINDER: Extensions are Available for Nov. 1 Deadline of Unclaimed Property ‘Negative Reporting’

By |2018-10-17T16:37:46+00:00October 17th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax, Uncategorized|

With the Nov. 1 deadline to submit an Unclaimed Property Report to the State Treasurer’s Office fast approaching, the South Carolina Association of CPAs wants to assure its members [...]

Work Begins for Senate Finance Taxation System Review and Reform Subcommittee

By |2018-10-17T12:59:10+00:00October 17th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The Senate Finance Taxation System Review and Reform Subcommittee held its first meeting on Wednesday, Oct. 17. The subcommittee will be co-chaired by Sen. Sean Bennett (R-Dorchester) and Sen. Vincent [...]

Extension Filers Can Still Get Tax Help Before Oct. 15 deadline

By |2018-10-10T16:04:13+00:00October 10th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Tax, Technology|

The South Carolina Association of CPAs and the IRS remind taxpayers who filed extensions that electronic filing and other options for help remain before the Oct. 15 deadline. Taxpayers who [...]

Help Your Clients Understand the New Unclaimed Property Requirement of ‘Negative Reporting’

By |2018-10-04T16:19:00+00:00October 4th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory|

After being in communication with the State Treasurer’s Office, the South Carolina Association of CPAs would like our members to know what we have learned regarding state requirements that include [...]

Gov. McMaster Signs Tax Conformity Bill H.5341

By |2018-10-04T00:26:33+00:00October 3rd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax|

Gov. Henry McMaster has signed Tax Conformity bill H.5341 on Wednesday evening. It will be formally delivered to the Secretary of State on Thursday morning. "It took bipartisan leadership [...]

IRS Guidance Arrives on TCJA Business Expense Deductions for Entertainment, Meals

By |2018-10-03T13:41:40+00:00October 3rd, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The IRS issued guidance on Wednesday on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act. The 2017 TCJA eliminated the [...]

How to Get the Most out of SCACPA’s CPE Benefit of Surgent On-Demand Self-Study

By |2018-10-02T20:48:21+00:00October 2nd, 2018|Auditing & Accounting, Business & Industry, Featured, Membership, Partners, Regulatory, Tax, Technology|

You might have seen that SCACPA has teamed with Surgent CPE to offer 240 courses of self-study, on-demand education as a member benefit. It’s an incredible opportunity to get specialized [...]

Darlington, Florence County Residents Eligible for FEMA Individual Assistance

By |2018-10-02T14:52:35+00:00October 2nd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Florence and Darlington counties were declared eligible to apply for FEMA’s Individual Assistance program on Tuesday, Oct. 2, bringing the total number of SC counties under that declaration to eight. [...]

Senate Finance Committee Advances Conformity Bill for Second Reading; Tax Reform Subcommittee Announced

By |2018-09-26T17:48:25+00:00September 26th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The Senate Finance Committee unanimously approved Tax Conformity bill H.5341 on Wednesday, Sept. 26. Last week, a special Senate Finance Subcommittee on Conformity approved a measure that addressed the Tax [...]

IRS is Granting Tax Deadline Extensions for SC Counties

By |2018-09-26T13:29:09+00:00September 25th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

South Carolina residents in Chesterfield County join those in Dillon, Horry, Marion and Marlboro counties as eligible to apply for aid through FEMA’s Individual Assistance Program, the governor’s office [...]

SC DOR Revises its Revenue Ruling on Sales and Use Tax Economic Nexus Standard

By |2018-09-20T16:39:59+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The South Carolina Department of Revenue has announced an advisory opinion that updates SC Revenue Ruling #09-9 concerning when a retailer must remit a local jurisdiction’s Sales and Use Tax. [...]

In Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence Recovery

By |2018-09-20T16:11:16+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Gov. Henry McMaster sent a letter to South Carolina’s congressional delegation on Thursday, requesting their continued support for his request for Federal disaster assistance for an expected $1.2 billion in [...]

SEC Offers Regulatory Relief for Florence

By |2018-09-20T16:08:54+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The Securities and Exchange Commission announced Wednesday that it is providing regulatory relief to accountants, transfer agents, municipal advisors, publicly traded companies, investment companies, and others affected by Hurricane Florence where [...]