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Galasso A&A Video Blog: Help Set the Agenda for AICPA’s Professional Ethics Executive Committee

By |2019-12-03T18:17:35-05:00December 3rd, 2019|Auditing & Accounting, Blogs, Educate, Featured, Legislative/Advocacy, Membership Page Controls, Regulatory, Technology|

The AICPA's Professional Ethics Executive Committee (PEEC) is asking for feedback on future standard setting items. They have identified potential issues and practice areas where either updated standards are needed [...]

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LLR 2020 License Renewal Notices are Arriving in Your Inbox

By |2019-11-26T14:03:12-05:00November 26th, 2019|Auditing & Accounting, Blogs, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Partners, Public Relations, Regulatory, Technology|

The South Carolina Association of CPAs would like to alert its members that the South Carolina Department of Labor, Licensing and Regulation has begun issuing courtesy notice email alerts [...]

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Galasso A&A Video Blog: FASB Proposal – Codification Improvements to Hedge Accounting

By |2019-11-25T14:28:23-05:00November 25th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

FASB has issued a proposal addressing implementation issues for its new hedge accounting rule. This technical correction addresses issues related to documentation, dual hedges and provides clarifications that forecasted transaction [...]

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SC DOR Public Draft Answers Questions About New Job Tax Credit, Increased Credit Amounts for Tier III and IV Counties

By |2019-11-11T13:19:15-05:00November 11th, 2019|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

The South Carolina Department of Revenue has released a 13-page advisory opinion in connection with Act No. 83, enacted May 22, 2019, which substantially increased the job tax credit amount [...]

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SC DOR Releases Public Draft for Internal Tax Appeals Process and Procedure

By |2019-11-11T12:56:54-05:00November 11th, 2019|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

The South Carolina Department of Revenue has released an 18-page advisory opinion to update the Department of Revenue’s internal appeals process for tax matters. The primary change is to [...]

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New Process for Amending SC Individual Income Tax Returns Coming in 2020

By |2019-10-25T14:00:36-04:00October 25th, 2019|Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Regulatory, Tax, Technology|

The South Carolina Department of Revenue is changing the process for amending South Carolina Individual Income Tax Returns in 2020. Beginning with tax year 2019, you will use the SC1040 [...]

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SCDOR’s Online State Tax Lien Registry Launches on Nov. 1

By |2019-10-24T15:42:34-04:00October 24th, 2019|Auditing & Accounting, Blogs, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

The South Carolina Department of Revenue will implement an online state tax lien registry on Nov. 1. State lawmakers called for the implementation of this registry after passage of [...]

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Galasso A&A Video Blog: Proposed SAS – Conforming Edits to 800 Series

By |2019-10-22T16:29:47-04:00October 23rd, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

This Q3 in 2019 review covers the final standards issued by standard setters, including the two final SASes issued by the AICPA as well as a new forensic standard [...]

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Galasso A&A Video Blog: GASB – Replacement of Interbank Offered Rates

By |2019-10-22T15:33:03-04:00October 22nd, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

The Governmental Accounting Standards Board (GASB) has introduced an exposure draft to address issues when LIBOR goes away for hedges and leases for governmental entities. Trying to ease the burden [...]

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Member Benefit Alert: SCACPA Partners with Surgent On-Demand Self-Study CPE

By |2019-10-29T15:36:51-04:00October 21st, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Partners, Public Relations, Regulatory, Tax, Technology|

SCACPA members who know they can depend on the Association for all-around CPE excellence now have an incredible opportunity to get specialized knowledge for their precise career needs. The [...]

Here’s a Free Guide: “Tax Law Reform Complicates Year-End Planning”

By |2019-10-18T16:58:04-04:00October 18th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

Get your clients ready for tax season with these year-end tax planning strategies. Make the most of recent tax law changes, such as the new deduction for qualified business income, [...]

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SCACPA Federal Tax Update Podcast with Lynn Nichols: Lack of Safe Harbor in Proposed Accounting Regs Chafes Tax Pros

By |2019-10-15T13:27:50-04:00October 15th, 2019|Auditing & Accounting, Business & Industry, Educate, Featured, Governmental, Membership, Regulatory, Tax|

Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols, CPA. This is presented as a member benefit by the South Carolina Association of CPAs. The commentary is brief, [...]

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Are You Registered for Our Biggest and Best Fall Fest Yet?

By |2019-11-05T16:51:16-05:00October 15th, 2019|Auditing & Accounting, Business & Industry, Educate, Featured, Governmental, Membership, Public Relations, Tax|

Last year’s inaugural Fall Fest was the biggest event in SCACPA history, and we’re ready for this year’s event at the Columbia Metropolitan Convention Center to be even bigger. [...]

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Greenville/Spartanburg Chapters of the Institute of Management Accountants Bring You Their Fall CPE Event (And It’s Free for Students)

By |2019-10-15T11:28:57-04:00October 15th, 2019|Auditing & Accounting, Business & Industry, Educate, Featured, Membership, Public Relations|

The Greenville and Spartanburg Chapters of the Institute of Management Accountants invite you to their Fall CPE Event on Friday, Nov. 15, from 8 a.m.-noon at the BMW Zentrum [...]

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SCACPA Urges SC House Members to Support ‘Fiscal State of the Nation’ Resolution

By |2019-10-14T15:26:07-04:00October 14th, 2019|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Tax|

The U.S. government’s balance sheet indicates that, over time, the nation has an accumulated deficit (from annual shortfalls as of Sept. 30, 2018) of $21.5 trillion. To put that [...]

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Galasso A&A Video Blog: Materiality Considerations for Subject Matters that Cannot be Quantitatively Measured

By |2019-10-10T16:40:40-04:00October 10th, 2019|Auditing & Accounting, Educate, Featured, Membership Page Controls, Regulatory|

The AICPA has issued an Invitation to Comment to provide feedback on a project related to materiality in attestation engagements that have non-quantitative subject matter. The ITC addresses the challenges [...]

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SCACPA Member Hervochon Named Among “40 under 40” List by CPA Practice Advisor Magazine

By |2019-09-26T17:36:30-04:00September 26th, 2019|Auditing & Accounting, Business & Industry, Connect, Featured, Membership, Public Relations, Why CPA|

SCACPA congratulates Chris Hervochon, CPA, CVA, (SCACPA Member since 2017) for being selected among the 2019 "40 Under 40" in the Accounting Profession by CPA Practice Advisor magazine. He will [...]

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State Tax Issue? Meet the SCDOR’s Taxpayer Advocate at Offices Around the State Later This Year

By |2019-10-02T16:09:19-04:00September 26th, 2019|Advocate, Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Those who need help resolving state tax issues can visit the SC Department of Revenue’s Taxpayer Advocate across the state beginning in October. The Advocate, who is based in [...]

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Dept. of Labor’s Final Rule Makes 1.3M American Workers Eligible for Overtime Pay

By |2019-09-25T11:49:40-04:00September 25th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory|

The U.S. Department of Labor announced a final rule on Tuesday, Sept. 24 that makes 1.3 million American workers newly eligible for overtime pay. It updates the earnings thresholds [...]

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SCDOR Releases Two Revenue Rulings on Sales to Government Employees and Phone Bill Charges

By |2019-09-20T16:06:27-04:00September 20th, 2019|Auditing & Accounting, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The South Carolina Department of Revenue has issued a pair of approved advisory opinions based on public drafts that were released in August. The first informs retailers that federal government [...]

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