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 PowerPoint [...]
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 [...]
South Carolina’s annual tax Conformity legislation found in H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis) received its third reading on the floor of the full Senate on Wednesday, [...]
As a CPA, you know how to navigate a challenging filing season. One maneuver is to file tax extensions on behalf of some clients. This lengthens the time you [...]
By Adam Drewes, KOPIS, GM of ERP Division Note: Kopis is a Gold Infinity Partner of the South Carolina Association of CPAs The high level of complexity required for [...]
View from the Dome – March 15, 2019 By Copper Dome Strategies, LLC There were no meetings scheduled in the House this week as they debated and passed the [...]
By Chris Hervochon, CPA, CVA | SCACPA Member Since 2017 Note: A version of this article appears in the Q1 2019 edition of South Carolina CPA Report magazine. The [...]
The South Carolina Department of Revenue has released Information Letter 19-8, a 2-page advisory opinion regarding waiving federal penalties for underpayments of estimated taxes by certain farmers and fishermen. In [...]
The South Carolina Department of Revenue has released Information Letter 19-7, a 13-page advisory opinion that summarizes South Carolina conformity with Internal Revenue Code sections affecting individual taxpayers through Feb. [...]
March 14, 2019 There have been many questions about the hosting standard that was supposed to be effective in 2018 but was delayed until July 1, 2019. At last, [...]
Aspiring data pros can quickly come to the realization – all this data isn’t going to sort itself. That’s why for this week’s SCACPA #TechTuesday, tech guru and SCACPA CEO [...]
Isn’t it funny that three little letters make all the difference when it comes to describing who you are and what you do? Those three letters—CPA—are an indicator that [...]
The pace of change has never been this fast, yet it will never be this slow again. With your support, SCACPA successfully navigated the change to the new All-Inclusive [...]
The full Senate Finance Committee gave a favorable report on H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis), the annual tax Conformity legislation, on Tuesday, March 12. UPDATE: The Conformity [...]
View from the Dome – March 8, 2019 By Copper Dome Strategies, LLC The Senate Finance Sales and Income Tax Subcommittee approved the annual tax conformity legislation. The South Carolina [...]
By Adam Drewes, KOPIS, GM of ERP Division Note: Kopis is a Gold Infinity Partner of the South Carolina Association of CPAs If you are a controller, CPA, or [...]
Isn’t it funny that three little letters make all the difference when it comes to describing who you are and what you do? Those three letters — CPA — [...]
View from the Dome – March 1, 2019 By Copper Dome Strategies, LLC The debate over comprehensive education reform continued in both bodies. The Chief Justice of the State Supreme [...]
A Tax Conformity Bill sponsored by House Speaker Jay Lucas (R-Darlington), House Ways and Means Committee Chairman G. Murrell Smith Jr. (R-Sumter) and Leon Stavrinakis (D-Charleston) was introduced on Thursday, [...]
The ever-changing landscape of tax and audit means it helps to rely on guidance from trusted voices. The South Carolina Association of CPAs is proud to offer as a [...]
