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Bauknight Pietras & Stormer Named as 2020 Best of the Best Firm by INSIDE Public Accounting

By |2020-09-21T17:35:08-04:00September 21st, 2020|Blogs, Connect, Featured, Membership, Membership Page Controls, Public Relations, Why CPA|

Bauknight Pietras & Stormer, P.A. has been recognized by INSIDE Public Accounting as one of America’s 50 Best of the Best public accounting firms for 2020. BPS was also lauded [...]

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View From the Dome: Conference Committee Named to Resolve Remaining CARES Act Funding for Local Governments, Colleges, Nonprofits

By |2020-09-21T01:10:00-04:00September 18th, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, Sept. 18, 2020 The General Assembly returned to Columbia to begin a special two-week legislative session. The Senate passed its version of the FY20-21 state [...]

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Galasso Learning Solutions: Lease Accounting & CCRCs (New TQA)

By |2020-09-17T17:57:45-04:00September 17th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Regulatory|

The AICPA has issued a Technical Q&A titled “Accounting for Lease Components in Type A Life Care Contracts by Continuing Care Retirement Communities.” Issued in August, the TQA addresses common [...]

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Lynn Nichols Federal Tax Update (Sept. 14, 2020): Couple’s Tax Debt from Lavish Lifestyle was not Dischargeable

By |2020-09-15T15:31:00-04:00September 15th, 2020|Blogs, Business & Industry, COVID-19, Educate, Featured, Membership, Membership Page Controls, Public Relations, Regulatory, Tax|

Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide [...]

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SCACPA Commends BOA for Addressing Modification of Livestream CPE Rules and Hardship Requests (Updated Sept. 11)

By |2020-09-14T12:57:41-04:00September 14th, 2020|Advocate, Auditing & Accounting, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory, Tax, Technology, Why CPA|

UPDATE: The South Carolina Board of Accountancy has released its announcement on this development. It is re-printed at the bottom of this post. The BOA's announcement includes a reminder [...]

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View From the Dome: Senate Finance Committee Passes Version of FY20-21 Budget, OKs $420M from CARES Act for Unemployment Insurance Trust Fund

By |2020-09-11T16:22:58-04:00September 11th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

By Copper Dome Strategies Friday, Sept. 11, 2020 The Senate Finance Committee passed its version of the FY20-21 state budget and authorization for the remaining CARES Act funds. The [...]

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Galasso Learning Solutions: Virtual Currency – New Practice Aid

By |2020-09-10T21:18:12-04:00September 10th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Public Relations, Regulatory, Technology|

Cryptocurrency is becoming a more recognized transaction with more entities participating in this ecosystem. The AICPA has issued nonauthoritative guidance on accounting and auditing digital assets. FASB does not have [...]

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Galasso Learning Solutions: Proposed Changes to Risk Assessment Standards

By |2020-09-10T21:13:55-04:00September 10th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Regulatory|

The AICPA has issued a proposed SAS to clarify and improve the risk assessment standards. For the past few years, the AICPA has focused its audit quality initiatives on [...]

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Is Your Firm Ready for the Security and Trust of the .cpa Domain? Registration for Addresses is Underway

By |2020-09-08T17:43:46-04:00September 8th, 2020|Blogs, Business & Industry, Connect, Featured, Membership, Membership Page Controls, Public Relations, Regulatory, Technology, Why CPA|

The future of online security and trust for the CPA profession is arriving with the rollout of the domain of .cpa. In addition to better, more focused branding, the global [...]

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Lynn Nichols Federal Tax Update (Sept. 7, 2020): IRS Issues Payroll Tax Deferral Guidance

By |2020-09-08T15:23:45-04:00September 8th, 2020|Blogs, Business & Industry, COVID-19, Educate, Featured, Membership, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide [...]

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View From the Dome: Latest BEA Projection is $775M in One-Time Surplus Revenue

By |2020-09-04T12:47:08-04:00September 4th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, Sept. 4, 2020 The Senate returned to session Wednesday to address voting laws and began committee hearings on the state budget. The Attorney General announced [...]

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Introducing Your New-Look Current Assets E-Newsletter, Tailored to Your Interests

By |2020-09-03T10:14:58-04:00September 1st, 2020|Blogs, Communicate, Featured, Membership, Membership Page Controls, Public Relations, Technology|

With Communications as one of our Five Pillars of membership, SCACPA is dedicated to bringing you a comprehensive news package that cuts through the clutter of your inbox. That’s [...]

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SCACPA Joins AICPA, COST in Urging Congressional Support for State Tax Filing Relief for Remote Workers

By |2020-08-31T19:01:17-04:00August 31st, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Tax|

SCACPA has joined more than 120 employers and organizations across the nation in signing a letter to Congressional leaders urging them to support state tax filing and withholding relief [...]

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SCACPA Mourns the Passing of Past President Austin M. Sheheen Jr., Age 85

By |2020-08-31T16:20:38-04:00August 31st, 2020|Blogs, Connect, Featured, Membership, Membership Page Controls, Public Relations|

SCACPA mourns the passing of Austin Moses Sheheen Jr., CPA, of Camden, who died on Saturday, Aug. 29 at age 85. He was born Sept. 11, 1934, to Austin [...]

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Lynn Nichols Federal Tax Update (Aug. 31, 2020): Owner-Employee PPP Loan Forgiveness

By |2020-08-31T13:36:43-04:00August 31st, 2020|Blogs, COVID-19, Educate, Featured, Governmental, Membership Page Controls, Regulatory, Tax|

Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide [...]

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Introducing the “Accountable” Podcast for CFOs with SCACPA B&I Advisor David Peters, CPA

By |2020-08-28T19:02:40-04:00August 28th, 2020|Blogs, Business & Industry, Communicate, Featured, Membership Page Controls, Technology, Why CPA|

Join host David R. Peters, CPA, MST, on this installment of “Accountable,” the podcast for CFOs, by CFOs. David talks with Toni Berbrick, CPA, about cybersecurity. She is an [...]

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View From the Dome: Comptroller’s Office Announces $350M Surplus for FY 2019-20

By |2020-08-28T18:02:36-04:00August 28th, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, Aug. 28, 2020 Gov. Henry McMaster announced that the state of South Carolina submitted its grant application for FEMA's Lost Wages Assistance (LWA) program. The [...]

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Galasso Learning Solutions: Materiality Considerations for Attestation Engagements

By |2020-08-27T16:47:17-04:00August 27th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Legislative/Advocacy, Membership Page Controls, Regulatory|

The AICPA has issued nonauthoritative guidance from its Materiality Working Group of the Assurance Services Executive Committee (ASEC), designed to assist practitioners in determining when there is a material misstatement [...]

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Galasso Learning Solutions: ASU 2020-06

By |2020-08-27T16:34:03-04:00August 27th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Regulatory|

ASU 2020-06 is designed to reduce complexity and improve comparability for convertible instruments and contracts in an entity’s own equity. Issued: August 2020 What questions do you have? Send your [...]

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DOR Announces Extended Tax Relief for Nexus and Income Tax Withholding Requirements Through Dec. 31, 2020

By |2020-08-26T17:37:51-04:00August 26th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

The South Carolina Department of Revenue on Thursday, Aug. 26, released SC Information Letter #20-24, which extends until Dec. 31, 2020, temporary tax relief to employers with workers temporarily [...]

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