Auditing & Accounting

DuRant: When it Comes to Trust, ‘Good Enough, Isn’t’

By |2018-12-12T13:15:12+00:00December 12th, 2018|Auditing & Accounting, Business & Industry, Membership, Regulatory|

NOTE: This article also appears in the Q4 2018 issue of South Carolina CPA Report magazine. By George W. DuRant, CPA/ABV, CFF, ASA | SCACPA Member Since 1976 Alex Honnold [...]

2018 MAP Survey Platform Demonstration Can Help with Management Trends

By |2018-12-05T11:08:47+00:00December 5th, 2018|Auditing & Accounting, Business & Industry, Technology|

If you participated in this year’s MAP Survey, you can take part in live 30-minute MAP Survey Platform demonstrations to help make the most of the platform and its [...]

With Rebroadcast of ‘A Culture of Regulatory Ethics,’ SCACPA Members Can Get 6 Hours of Ethics in December

By |2018-12-03T17:55:02+00:00December 3rd, 2018|Auditing & Accounting, Business & Industry, Featured, Membership, Regulatory, Tax, Technology|

There are still opportunities for CPAs to earn their 6 hours of ethics requirements in December. Remember, this is the final year in the 3-year reporting period. SCACPA members [...]

Fall Fest’s ‘The Accountant’ Ben Affleck Movie Trivia Contest

By |2018-11-19T14:19:37+00:00November 19th, 2018|Auditing & Accounting, Membership, Public Relations, Tax, Uncategorized|

Here is the fun movie trivia contest about the 2016 action-thriller "The Accountant," starring Ben Affleck, that we wrote for members at SCACPA’s Fall Fest Accounting Conference in November [...]

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 [...]