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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
By Thomas G. Stephens Jr., CPA, CGMA, CITP, K2 Enterprises According to some studies, almost 60% of businesses are using Microsoft’s Office 365 services and products. According to Microsoft, there [...]
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, [...]
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. [...]
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 [...]
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 [...]
By Copper Dome Strategies Friday, Oct. 4, 2019 In this edition: The Business License Tax Collection Study Committee met on Thursday, Oct. 3. Legislators will have more money to [...]
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 [...]
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 [...]
The South Carolina Board of Accountancy voted its approval to raise annual license fees starting for 2021 during a Special Called Meeting on Tuesday, Sept. 24. The vote came [...]
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 [...]
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 [...]
Melisa Galasso talks about two big proposals just released from the Financial Accounting Standards Board. The first proposal relates to the movement away from LIBOR. As LIBOR has come [...]
