Galasso Learning Solutions: GASB 93
Issued in April 2020, GASB 93 addresses a major global impact. What questions do you have? Send your questions to melisa@galassolearningsolutions.com. Tune in to the Galasso Learning Solutions SCACPA [...]
Galasso Learning Solutions: GASB Delays Nine Standards
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources At GASB’s teleconference meeting on April 14, a vote passed that delays standards by one year [...]
SBA Updates Guidance, FAQs on Paycheck Protection Program
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources Here is the latest information to help CPAs as they assist small businesses. (UPDATED: April 15, [...]
FASB Releases Staff Q&A Guidance on Treatment of COVID-19 Lease Concessions
As promised at their meeting early this week, the Financial Accounting Standards Board has issued a staff Q&A addressing how lease concessions related to COVID-19 should be treated from [...]
Update on CPAs Acting as an Agent and Getting Paid for PPP Loan Services
Keep up with all SCACPA updates specific to the COVID-19 situation at www.scacpa.org/covid-19-response-and-resources SCACPA hears your frustration around providing services to your small business clients as they apply for Paycheck [...]
Galasso Learning Solutions: 2020 Q1 in Review
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The first quarter of 2020 started much like any other year’s first quarter. Obviously, it didn’t [...]
Galasso Learning Solutions: This Week in A&A (April 9, 2020)
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The second week of April definitely had major impacts on standard setting. The Not-For-Profit Advisory Committee [...]
SCDEW VIDEO Q&A: Chief Administrative Officer Jamie Suber Answers SCACPA Member Questions on Filing; Plus SCDEW FAQs
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources SCACPA wants to thank our members for taking advantage of the forums of SCACPA Connect, our [...]
Thinking Through the Issues of the ‘Paycheck Protection Program’: Should CPAs Offer to be a Loan Agent?
SCACPA knows that many CPAs are analyzing the rules of the Treasury Department’s Paycheck Protection Program application. While there are many ways you can help your small business clients, [...]
Treasury Dept. ‘Paycheck Protection Program’: Help Your Small Business Clients, and You Can Act as Loan Agent
The Department of Treasury has released the Paycheck Protection Program application and supplemental information, all available on their website. The AICPA is providing a page on "SBA Paycheck Protection [...]
Galasso Learning Solutions: How Accounting & Auditing Regulators are Addressing COVID-19
This past week found our regulatory agencies working hard to address COVID-19. OMB expanded its administrative relief to entities impacted operationally by current conditions The AICPA provided guidance on [...]
SCACPA CEO Chris Jenkins Requests Gov. McMaster to Include Accounting Services as an Essential Service
Note: The following is a letter from SCACPA CEO Chris Jenkins to South Carolina Governor Henry McMaster with a request to define accounting services as an essential service in [...]
Galasso Learning Solutions: OMB M-20-11/UG Administrative Relief when Directly Impacted by COVID-19
The U.S. Office of Management and Budget has issued administrative relief for those who receive federal financial assistance that is DIRECTLY RELATED to COVID-19. The Governmental Audit Quality Center [...]
Galasso Learning Solutions A&A Video Blog: 457 Plan and Other Implementation Issues Exposure Draft
GASB has issued an exposure draft that will address implementation issues in GASB 84 and component units while also addressing accounting and financial reporting for Section 457 plans. This [...]
Explore the Possibilities: Register for Spring Splash in Spartanburg in May!
WHEN: Thursday and Friday, May 14-15 WHERE: Spartanburg Marriott, 299 North Church Street, Spartanburg 29306 REGISTER: www.scacpa.org/spring-splash or call 803.791.4181 Enjoy a change of scenery at the end of [...]
‘SCACPA Connect’ is Back and Improved for Tax Season
Are there tax-related issues you'd like to talk about? It's time to join the SCACPA Connect conversation. You might have noticed activity on what will soon be the go-to [...]
Galasso A&A Video Blog: GASB Disclosures Exposure Draft
GASB has issued an exposure draft to update the Conceptual Framework for Note Disclosures. The exposure draft describes the types of information that should be disclosed in notes and [...]