Auditing & Accounting

Galasso A&A Video Blog: Presentation & Disclosures by Not-For-Profit Entities for Contributed Nonfinancial Assets

By |2020-02-13T17:12:17-05:00February 13th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Public Relations, Regulatory|

FASB has issued a proposed Auditing Standards Update titled “Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.” Gifts in kind have received a lot of attention for [...]

Comments Off on Galasso A&A Video Blog: Presentation & Disclosures by Not-For-Profit Entities for Contributed Nonfinancial Assets

View From The Dome: Senate Finance Committee Approves Business Personal Property Bill for DOR Filing (Feb. 7)

By |2020-02-07T13:19:50-05:00February 7th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

By Copper Dome Strategies Friday, Feb. 7, 2020 The General Assembly held a Joint Session on Wednesday to elect judges and several college trustees. The Senate is in the fourth [...]

Comments Off on View From The Dome: Senate Finance Committee Approves Business Personal Property Bill for DOR Filing (Feb. 7)

Galasso A&A Video Blog: OMB Proposed Changes to Uniform Guidance (2 CFR, Part 200) Due March 23

By |2020-02-03T12:44:54-05:00February 3rd, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Regulatory|

The Office of Management and Budget (OMB) has proposed changes to the Uniform Guidance (2 CFR, Part 200). The proposal takes into consideration the President’s Management Agenda, alignment with statutory [...]

Comments Off on Galasso A&A Video Blog: OMB Proposed Changes to Uniform Guidance (2 CFR, Part 200) Due March 23

Here are Helpful Websites to Accompany SCACPA’s Annual Tax Guide for Legislators

By |2020-01-30T15:52:30-05:00January 28th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

The South Carolina Association of CPAs is proud to produce its annual “Tax Guide for Legislators,” which assists our representatives with their unique income tax implications of being a [...]

Comments Off on Here are Helpful Websites to Accompany SCACPA’s Annual Tax Guide for Legislators

Galasso A&A Video Blog: Start 2020 with a Look at the CPA Exam, the Dynamic Audit Solution and CGMA Competency Framework

By |2020-01-10T17:38:40-05:00January 10th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Governmental, Membership Page Controls|

Happy New Year AND New Decade (although we know some of you will debate the “new decade” fact!). We are kicking off our first video blog of 2020 with changes [...]

Comments Off on Galasso A&A Video Blog: Start 2020 with a Look at the CPA Exam, the Dynamic Audit Solution and CGMA Competency Framework

Ken Bauknight, CPA, Among 50 Most Influential People List from Columbia Business Monthly

By |2020-01-15T16:58:18-05:00January 8th, 2020|Auditing & Accounting, Blogs, Communicate, Featured, Membership, Membership Page Controls, Public Relations, Why CPA|

Kenneth H. Bauknight, CPA, Founder & Shareholder at Bauknight Pietras & Stormer CPAs, has been recognized by Columbia Business Monthly as one of 2019’s 50 Most Influential People in [...]

Comments Off on Ken Bauknight, CPA, Among 50 Most Influential People List from Columbia Business Monthly

SCACPA Will Offer Just-in-Time CPE for “SECURE Act – New Legislation” on Thursday, Jan. 16

By |2020-01-06T13:34:42-05:00January 2nd, 2020|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Tax|

The long-awaited SECURE Act is a new tax law that was passed on Dec. 20, 2019. Part of a larger appropriations bill, it is being considered the most significant [...]

Comments Off on SCACPA Will Offer Just-in-Time CPE for “SECURE Act – New Legislation” on Thursday, Jan. 16

Still Need December CPE? SCACPA Has 8 Hours of Team Tax Livestream Rebroadcast for You

By |2020-01-07T15:36:54-05:00December 23rd, 2019|Auditing & Accounting, Blogs, Educate, Membership Page Controls, Regulatory, Tax, Technology|

There are only so many days left in December until the clock strikes midnight on 2019. Maybe in the end-of-year rush, you still need a few final CPE credits [...]

Comments Off on Still Need December CPE? SCACPA Has 8 Hours of Team Tax Livestream Rebroadcast for You

Forbes Recognizes Bauknight Pietras & Stormer as One of America’s Top Recommended Tax & Accounting Firms

By |2019-12-19T17:40:37-05:00December 19th, 2019|Auditing & Accounting, Blogs, Business & Industry, Communicate, Featured, Membership, Membership Page Controls, Public Relations, Tax, Why CPA|

CPA firm Bauknight Pietras & Stormer, P.A., has been recognized by global media company Forbes as being among America’s top recommended tax and accounting firms. Of the 227 firms named [...]

Comments Off on Forbes Recognizes Bauknight Pietras & Stormer as One of America’s Top Recommended Tax & Accounting Firms

State Treasurer’s Office Shares Tools to Help Your Clients Report Unclaimed Property

By |2020-01-17T14:37:52-05:00December 17th, 2019|Advocate, Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

The following is a message to SCACPA Members from the State Treasurer’s Office: The State Treasurer’s Office recognizes the important role that South Carolina CPAs play in educating their [...]

Comments Off on State Treasurer’s Office Shares Tools to Help Your Clients Report Unclaimed Property

SCACPA Introduces David R. Peters, CPA, as CPE Advisor, Speaker for Business and Industry

By |2019-12-13T12:50:34-05:00December 13th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Membership, Membership Page Controls, Public Relations, Why CPA|

SCACPA is proud to announce an agreement with David R. Peters, CPA, to be the Association’s advisor and speaker on Business and Industry topics. Look for David to be an [...]

Comments Off on SCACPA Introduces David R. Peters, CPA, as CPE Advisor, Speaker for Business and Industry

Galasso A&A Video Blog: Accounting Standards Updates 2019-08, ASU 2019-09 and 2019-10

By |2019-12-10T16:53:35-05:00December 10th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Regulatory|

Melisa Galasso, CPA, has prepared two videos that address Accounting Standards Updates that were issued by FASB in November. This first video covers ASU 2019-08—Compensation—Stock Compensation (Topic 718) and Revenue [...]

Comments Off on Galasso A&A Video Blog: Accounting Standards Updates 2019-08, ASU 2019-09 and 2019-10

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 [...]

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

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 [...]

Comments Off on LLR 2020 License Renewal Notices are Arriving in Your Inbox

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 [...]

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

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 [...]

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

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 [...]

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

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 [...]

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