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SCDOR Releases Two Revenue Rulings on Sales to Government Employees and Phone Bill Charges

By |2019-09-20T16:06:27-04:00September 20th, 2019|Auditing & Accounting, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

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 [...]

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Galasso A&A Video Blog: Reference Rate Reform & Balance Sheet Classification of Debt

By |2019-09-17T18:12:17-04:00September 17th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Regulatory|

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 [...]

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SC Jackpot! $50 Rebate Checks Expected to Reach Qualifying Taxpayers by December

By |2019-09-17T15:46:42-04:00September 17th, 2019|Featured, Governmental, Regulatory, Tax|

Thanks to the $61 million in tax dollars generated by the winning $1.5 billion 2018 Mega Millions ticket, South Carolina lawmakers determined the funds would go toward $50 rebate checks [...]

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SCDOR Releases its Tax Legislative Update for 2019

By |2019-09-11T11:19:04-04:00September 11th, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

What were the critical changes in South Carolina’s tax and regulatory laws enacted during the past legislative session? The state’s Department of Revenue has prepared a summary of these [...]

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Dorian’s Threat is Gone, but Keep in Mind These Steps About Future Tax Deadline Extensions

By |2019-09-10T10:17:53-04:00September 10th, 2019|Auditing & Accounting, Blogs, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

Now that South Carolina has finished enduring the immediate threat of Hurricane Dorian, many SCACPA members are contacting the Association in search of news about possible state and federal tax [...]

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The Importance of CPA-PAC: Influencing the Decisions that Impact Our Profession

By |2019-09-05T09:38:34-04:00September 9th, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

The CPA Profession has celebrated a long list of legislative victories, but none of those successes are possible without legislators who listen to and support our position. It is [...]

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LLR is Conducting an Email Verification Drive in Advance of License Renewals

By |2019-09-04T11:30:20-04:00September 4th, 2019|Advocate, Governmental, Legislative/Advocacy, Membership, Regulatory|

SCACPA members should be aware that the Association has confirmed that the South Carolina Department of Labor, Licensing and Regulation is conducting an email verification drive in advance of license [...]

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Hello? SC DOR Writes Public Draft About Charges on Your Phone Bill

By |2019-08-20T17:02:15-04:00August 20th, 2019|Advocate, Governmental, Legislative/Advocacy, Regulatory, Technology|

The South Carolina Department of Revenue has released a ruling that addresses the applicability of the sales and use tax to the Dual Party Relay Charge and the 911 Service [...]

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DOR Releases Public Draft of Revenue Ruling Concerning Purchases on New Government Credit Cards

By |2019-08-18T20:34:09-04:00August 14th, 2019|Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

The South Carolina Department of Revenue has submitted a Public Draft for comment, “Sales to Government Employees, Foreign Diplomats, and Other Similar Employees While on Official Business (Sales, Use [...]

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IRS Launches Tax Withholding Estimator to Replace Withholding Calculator for Paycheck Checkup

By |2019-08-06T14:09:38-04:00August 6th, 2019|Advocate, Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

Coming in time to help anyone doing tax planning for the final few months of 2019, the IRS has launched the new Tax Withholding Estimator. It is an expanded, [...]

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SCDOR is Watching W-4 Developments, With Warnings About Over-Withholding

By |2019-07-31T08:52:35-04:00July 30th, 2019|Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory|

By the South Carolina Department of Revenue The South Carolina Department of Revenue’s tax withholding tables are scheduled once again to change this fall, but just when and how [...]

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SCACPA Advocacy Issue Gains Traction as IRS Commissioner Considers a Practitioner Services Division

By |2019-07-24T10:01:59-04:00July 17th, 2019|Advocate, Blogs, Current Assets Parent, Featured, Governmental, July 25, 2019, Legislative/Advocacy, Membership Page Controls|

As the IRS modernizes its policies, practices and systems, SCACPA believes tax professionals should have as many tools as possible in one place to aid taxpayers in successfully adhering [...]

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Reactions to IRS Charitable Contributions Final Ruling: Here’s How Exceptional SC Executive Director Says Adjustments Are Still a Possibility

By |2019-06-21T15:09:11-04:00June 21st, 2019|Blogs, Communicate, Featured, Governmental, Membership Page Controls, Public Relations, Tax|

On June 11, the IRS published Treasury Decision 9864, which finalizes proposed regulations designed to clarify the relationship between state and local tax credits and federal tax rules for charitable contribution deductions.   [...]

Lynn Nichols Sorts Through SALT Impacts on IRS’s Charitable Contributions Final Ruling

By |2019-06-21T15:08:11-04:00June 21st, 2019|Blogs, Educate, Featured, Governmental, Membership Page Controls, Tax|

Note: SCACPA federal tax expert E. Lynn Nichols has looked closely at June 11’s Treasury Decision 9864, which finalizes proposed regulations designed to clarify the relationship between state and [...]

View from the Dome: A Full Recap of the 2019 Legislative Session, With Tax Reform Proposals on the Way

By |2019-06-07T14:02:02-04:00June 7th, 2019|Advocate, Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, News Roundup, Public Relations, Regulatory|

View from the Dome – June 7, 2019 By Copper Dome Strategies, LLC  The first session of the 123rd General Assembly adjourned Sine Die on May 10, but the General Assembly returned [...]

A Letter from Exceptional SC’s Executive Director About a Big State Tax Write-Off for Your Business in 2019

By |2019-06-05T14:29:48-04:00June 5th, 2019|Advocate, Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

The following is a “Letter to Business Owners” written by Chad Connelly, the Executive Director of Exceptional SC, a 501(c)(3) dedicated to supporting exceptional needs students and families in South Carolina created by the passage [...]

View from the Dome: McMaster Vetoes State Budget Items Totaling $40.7M

By |2019-05-31T13:48:35-04:00May 31st, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 31, 2019 By Copper Dome Strategies, LLC Although the General Assembly has adjourned for the year (see the May 24 edition of View from the [...]

View from the Dome: General Assembly’s Extra Days Resolve Differences on State Budget, Carolina Panthers HQ Tax Incentives

By |2019-05-24T16:16:01-04:00May 24th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 24, 2019 By Copper Dome Strategies, LLC The General Assembly returned to Columbia this past Monday and Tuesday to complete unfinished business, including passage of [...]

SCACPA Delegation Visits Lawmakers in DC to Discuss Disaster Relief and Other CPA Advocacy Issues

By |2019-05-22T09:05:50-04:00May 22nd, 2019|Advocate, Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

SCACPA representatives visited South Carolina lawmakers in Washington, D.C., on Monday and Tuesday to discuss the accounting profession’s advocacy agenda.   Incoming SCACPA Board Chair Zoe Davis, CPA, outgoing Board Chair Dr. Clarence Coleman, CPA, and [...]

View from the Dome: Legislation on Board of Accountancy Takes Effect Immediately

By |2019-05-17T14:14:39-04:00May 17th, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 17, 2019 By Copper Dome Strategies, LLC Although the General Assembly adjourned Sine Die on May 9, a Joint Resolution to allow work to continue past the [...]