COVID-19

View From the Dome: $1.2B in Federal CARES Act Funding is Authorized

By |2020-06-26T13:35:36-04:00June 26th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, June 26, 2020 The General Assembly returned to Columbia and adopted a plan to appropriate the federal CARES Act funds. Results have been tabulated for [...]

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Galasso Learning Solutions: OMB Allows Some Coronavirus-Related Flexibilities to Expire

By |2020-06-26T11:49:53-04:00June 26th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

The Office of Management and Budget has issued an updated memo addressing coronavirus-related flexibilities provided under prior OMB Memos. Many of the flexibilities offered in the earlier memos have been [...]

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Three Bauknight Pietras & Stormer CPAs Share Their ‘How I Work – From Home’ Stories With SCACPA

By |2020-06-16T19:44:36-04:00June 22nd, 2020|Auditing & Accounting, Blogs, Business & Industry, Connect, COVID-19, Featured, Membership Page Controls, Public Relations, Tax, Technology, Why CPA|

Longtime SCACPA members know that a regular feature of the Association’s quarterly magazine is “How I Work.” In every issue of South Carolina CPA Report, we strive to showcase [...]

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View From the Dome: Senate Finance Committee’s Plan for CARES Act Funds Includes $500M for Unemployment Trust Fund

By |2020-06-19T16:07:11-04:00June 19th, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, June 19, 2020 The Senate Finance Committee met and adopted a plan to appropriate the federal CARES Act funds. House and Senate committees met to [...]

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Are You Up to Date on COVID-Related Auditing Delays? Here’s a Recap

By |2020-06-16T18:51:43-04:00June 18th, 2020|Auditing & Accounting, Communicate, COVID-19, Featured, Membership Page Controls, Regulatory|

We can understand if you feel overwhelmed by the rapid rate of adjustments and delays to standards over the past few months. That’s why SCACPA thanks Galasso Learning Solutions [...]

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Galasso Learning Solutions: GASB Proposes Application Guidance on CARES Act

By |2020-06-15T14:12:16-04:00June 15th, 2020|Auditing & Accounting, COVID-19, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

GASB has issued an exposure draft, “Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Diseases,” to [...]

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View From the Dome: Gov. McMaster Recommends Disbursal of $1.9B Coronavirus Relief Fund in Two Phases

By |2020-06-17T17:14:49-04:00June 12th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, June 12, 2020 Primary elections occurred this past Tuesday. Gov. Henry McMaster provided his recommendations to the General Assembly this week for the expenditure [...]

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Galasso Learning Solutions: SAS 141 and COVID-related delays

By |2020-06-09T16:36:49-04:00June 9th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Membership Page Controls, Regulatory|

Amendment to the Effective Date of SAS Nos. 134 Through 140. Issued in May 2020, but it did not go through the Exposure Draft process. What questions do you have? [...]

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Galasso Learning Solutions: ASU 2020-05 and COVID-related delays

By |2020-06-09T16:10:41-04:00June 9th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Membership Page Controls, Regulatory|

Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities Issued June 2020 What questions do you have? Send your questions to melisa@galassolearningsolutions.com Tune [...]

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President Enacts ‘Paycheck Protection Program Flexibility Act of 2020,’ Gives More Flexibility to Borrowers

By |2020-06-05T16:18:30-04:00June 5th, 2020|Advocate, Auditing & Accounting, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

President Donald Trump on Friday signed the “Paycheck Protection Program Flexibility Act of 2020,” after the Senate had late Wednesday night passed the House bill that creates more flexibility [...]

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View From the Dome: House COVID-19 Liability Protection Committee Weighs Burdens of Potential Lawsuits for Struggling Businesses

By |2020-06-05T14:45:54-04:00June 5th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory|

By Copper Dome Strategies Friday, June 5, 2020 Several legislative committees met this past week to discuss actions needed to assist in the economic recovery. Both the House and Senate [...]

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BOA Votes to Grant Exam Credit Extensions Until Dec. 31

By |2020-05-29T16:37:52-04:00June 2nd, 2020|Blogs, COVID-19, Governmental, Grow, Legislative/Advocacy, Membership Page Controls, Regulatory|

The South Carolina Board of Accountancy has granted exam credit extensions until December 31, 2020, to all SC CPA Exam candidates who have exam credits expiring from April 1 [...]

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Galasso Learning Solutions: Yellow Book CPE — COVID Update

By |2020-06-01T13:34:50-04:00June 1st, 2020|Auditing & Accounting, COVID-19, Educate, Regulatory|

GAO has issued an alert addressing COVID and Yellow Book CPE requirements. These adjustments and grace periods are intended to be responsive to the cancellations of many CPE events [...]

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View From the Dome: Gov. McMaster Will Now Review accelerateSC Committee’s Final Recommendations

By |2020-05-29T15:36:42-04:00May 29th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, May 29, 2020 Gov. Henry McMaster issued a new Executive Order on Wednesday extending the State of Emergency for an additional 15 days as South Carolina [...]

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PPP Loan Forgiveness Calculator Available; Push Continues for Additional Guidance

By |2020-06-05T16:14:23-04:00May 26th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

Note: On June 6, the ‘Paycheck Protection Program Flexibility Act of 2020’ was enacted, which gives more flexibility to borrowers. Learn more here. A PPP Loan Forgiveness calculator is [...]

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View From the Dome: Restrictions Lift on Tourist Attractions on May 22, but Extended State of Emergency Remains until May 27

By |2020-05-22T14:16:16-04:00May 22nd, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory|

By Copper Dome Strategies Friday, May 22, 2020 Gov Henry McMaster signed into law a Continuing Resolution to keep the state's government operating. The governor also issued a new Executive [...]

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Takeaways from ‘Workplace Safety Reopening Guide for SC Employers’ Legal Webinar

By |2020-05-21T13:03:53-04:00May 22nd, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory|

Takeaways from ‘Workplace Safety Reopening Guide for SC Employers’ Legal Webinar  The S.C. Chamber of Commerce hosted a webinar Thursday for employers on how to safely begin reopening businesses. [...]

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Thanks to All Virtual Spring Splash Attendees for Creating a CPE Success Story! Our Speakers Learned a Lot Along the Way, Too

By |2020-05-28T16:44:59-04:00May 21st, 2020|Auditing & Accounting, Blogs, Business & Industry, COVID-19, Educate, Featured, Governmental, Membership, Membership Page Controls, Public Relations, Regulatory, Tax, Technology, Why CPA|

No matter where you logged in from, thank you to all SCACPA members and presenters who banded together to turn the May 14-15 Virtual Spring Splash into a CPE success [...]

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Galasso Learning Solutions: FASB Delays Leases & Revenue Recognition

By |2020-05-20T15:22:28-04:00May 20th, 2020|Auditing & Accounting, COVID-19, Educate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory|

FASB voted to delay both revenue recognition and leases for private entities at its May 20, 2020, meeting. The original proposal was for a delay for private company franchisors to [...]

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Amid the Rapid Change, Get Your Firm on the Cloud to Track New Opportunities

By |2020-05-20T11:42:23-04:00May 20th, 2020|Blogs, Business & Industry, Connect, COVID-19, Featured, Membership Page Controls, Technology, Why CPA|

As you transition to virtual meeting environments, take stock of that data to re-imagine how you measure your firm – and the client experience By Chris Hervochon, CPA, CVA [...]

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