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Auditing & Accounting

A Conversation with SCACPA’s A&A Learning Partner Melisa Galasso

By |2019-06-14T14:20:28-04:00June 4th, 2019|Auditing & Accounting, Blogs, Communicate, Featured, Membership, Membership Page Controls, Public Relations|

“You tell me the ‘fair value’ of the Mona Lisa.”  This was an aside made by Melisa Galasso of Galasso Learning Solutions midway through an installment of her new Accounting and Auditing video blog series in partnership with SCACPA on the [...]

Melisa Galasso A&A Blog: Simplifying the Accounting for Income Taxes

By |2019-05-29T15:16:02-04:00May 29th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Tax|

Proposed Accounting Standards Update – Income Taxes (740): Simplifying the Accounting for Income Taxes  https://www.youtube.com/watch?v=_c1nWiM4iuM&list=PLBdVSCKuftJi5iumCKAwHFi0HDcpOBDmj&index=3 As part of its Simplification Initiative, FASB has issued an Exposure Draft proposing changes to ASC [...]

View from the Dome: General Assembly’s Extra Days Resolve Differences on State Budget, Carolina Panthers HQ Tax Incentives

By |2019-05-24T16:16:01-04:00May 24th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 24, 2019 By Copper Dome Strategies, LLC The General Assembly returned to Columbia this past Monday and Tuesday to complete unfinished business, including passage of [...]

Melisa Galasso Auditing Blog: Proposed Accounting Standards Codification in Response to SEC Simplification Initiative

By |2019-05-22T15:29:54-04:00May 14th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls|

https://www.youtube.com/watch?v=myeE5SNt5qk FASB has issued an Exposure Draft for Disclosure Improvements on Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. The proposed amendments are intended to clarify or improve [...]

Melisa Galasso Auditing Blog: Definition of Direct Care of Collection Items

By |2019-05-10T10:37:14-04:00May 10th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Partners, Regulatory|

https://www.youtube.com/watch?v=NKVUS0CLVfM   In March 2019, the FASB issued an Accounting Standards Update (ASU) changing the definition of a collection to allow proceeds of a sale of a collection item to be [...]

Pair of New Auditing Standards are Issued with SAS Nos. 134 and 135

By |2019-05-09T13:38:56-04:00May 9th, 2019|Auditing & Accounting, Blogs, Communicate, Featured, Governmental, Membership Page Controls|

The AICPA’s Auditing Standards Board issued a pair of new auditing standards on Wednesday, May 8:  SAS No. 134: Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements   SAS [...]

SCACPA Partner Wins Prestigious Rising Star Award

By |2019-05-10T08:38:11-04:00May 9th, 2019|Auditing & Accounting, Blogs, Communicate, Educate, Featured, Membership, Membership Page Controls, Partners|

SCACPA partner Melisa Galasso received the Charlotte Chapter of the National Association of Women Business Owners’ Rising Star of the Year Award on Tuesday, May 7, in Charlotte, North Carolina.  The NAWBO award [...]

Spring Splash is Just Around the Corner! Register Today!

By |2019-05-07T10:45:13-04:00May 7th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Membership, Membership Page Controls, Tax, Technology|

In just one week, CPAs from across the state and beyond will gather together in Charleston, S.C., for an event that will be long-remembered: SCACPA’s Spring Splash 2019.   As a [...]

Here’s Why You Should Attend Spring Splash 2019

By |2019-04-30T12:19:30-04:00April 30th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Membership, Membership Page Controls, Public Relations, Tax|

Imagine a place where you have the opportunity to network with over 200 of your peers—peers who can help provide a fresh perspective to your industry and who can [...]

SCACPA Connect Helps You Find Answers, Share Expertise

By |2019-04-30T10:33:56-04:00April 30th, 2019|Auditing & Accounting, Blogs, Business & Industry, Connect, Governmental, Membership, Membership Page Controls, Tax|

As a CPA, you know a lot. But, in today’s changing environment, there are a lot of subjects where you probably have a fair share of questions. That’s why [...]

View from the Dome: Board of Accountancy Bill for Revised Reciprocity Advances to Senate

By |2019-04-29T12:17:58-04:00April 29th, 2019|Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – April 26, 2019 By Copper Dome Strategies, LLC The Senate spent the week in subcommittee and committee meetings in the morning and debated the [...]

View from the Dome: Chambers Complete Flurry of Readings for Crossover Deadline

By |2019-04-12T12:37:45-04:00April 12th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – April 12, 2019 By Copper Dome Strategies, LLC Both chambers spent considerable time on the floor amid efforts to move bills to the other chamber [...]

Last-Minute Tax Roundup: Tips Among IRS Online Resources and Other Headlines

By |2019-04-10T19:08:33-04:00April 10th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

With a few days remaining before the 2019 federal tax-filing deadline, demand for IRS tax help by phone is peaking. The IRS encourages taxpayers to make IRS.gov their first [...]

View from the Dome: Senate to Consider BOA Bill that Expands Eligibility for Reciprocity

By |2019-04-08T15:42:05-04:00April 5th, 2019|Advocate, Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

View from the Dome – April 5, 2019 By Copper Dome Strategies, LLC Both chambers worked their calendars to get as many bills in position to meet next week's [...]

These Four SC Counties Will Have Local Sales Tax Changes Go Into Effect May 1

By |2019-04-08T15:42:28-04:00March 29th, 2019|Advocate, Auditing & Accounting, Business & Industry, Governmental, Membership Page Controls, Regulatory, Tax|

The South Carolina Department of Revenue has issued a reminder that the following local tax changes go into effect May 1: Georgetown (County Code 1022) Local Tax Change: 1% [...]

Gov. McMaster Signs Conformity, Tax Lien Bills

By |2019-04-08T15:43:02-04:00March 29th, 2019|Advocate, Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

Gov. Henry McMaster signed South Carolina’s annual tax Conformity legislation into law on Thursday, March 28. H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis) had been ratified by the [...]

How to Apply IRC Section 199A? Joint Committee on Taxation has Prepared a Guide

By |2019-04-08T16:03:14-04:00March 22nd, 2019|Auditing & Accounting, Business & Industry, Educate, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

The U.S. Congress Joint Committee on Taxation has published a 32-page “Overview of Deduction for Qualified Business Income: Section 199A.” “The document appears to be a .PDF of 32 [...]

View from the Dome: House Tax Policy Review Committee Set to Discuss Taxes on Services; Bidding Process Explored for Santee Cooper Utility

By |2019-03-22T13:45:11-04:00March 22nd, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – March 22, 2019 By Copper Dome Strategies, LLC There was action on several major legislative initiatives, including education reform, medical marijuana, an update to the [...]

Please Review This Important DOR Revenue Ruling About State Tax Addback Calculations

By |2019-03-21T14:02:09-04:00March 21st, 2019|Auditing & Accounting, Featured, Governmental, Regulatory, Tax|

SCACPA wants to make CPAs and tax practitioners aware that the South Carolina Department of Revenue has released a four-page Revenue Ruling concerning the new ways to calculate state [...]