View from the Dome December 6, 2024
The Senate and House of Representatives met this week for their organization session in preparation for the 2025 legislative session. The 126th General Assembly will convene on January 14, 2025, [...]
View From the Dome | November 8, 2024
Provided by Copper Dome Strategies, LLC The long-awaited election finally arrived this past Tuesday as South Carolinians set a new record for voting in the Palmetto State. 76% of [...]
Genuine Learning Blog: 104
GASB 104 was issued in September 2024 and requires state and local governments to provide information about certain types of capital assets. Specifically lease assets reported in [...]
View From the Dome | October 18, 2024
Provided by Copper Dome Strategies, LLC State economists met to review tax revenue and discuss the state of our economy. A Senate committee met to discuss the state’s growing [...]
View From the Dome | October 4, 2024
Provided by Copper Dome Strategies, LLC It has been a trying and heartbreaking week in South Carolina and across the region following the arrival of Hurricane Helene last Friday, [...]
Genuine Learning Blog: Detecting Government Fraud
The AICPA's Government Performance and Accountability Committee issued the Detecting Government Fraud report in June 2024. The report highlights 4 cases of government fraud with what controls could [...]
Genuine Learning Blog – Why GFOA is Rethinking Financial Reporting
The Government Finance Officers Association (GFOA) has recently issued a report on Why GFOA is Rethinking Financial Reporting. Annual financial reports take a considerable amount of time and [...]
View From the Dome | June 14, 2024
Provided by Copper Dome Strategies, LLC The Conference Committee on the state budget met this week but did not adopt a Conference Report. Primary elections were held on Tuesday [...]
View From the Dome | May 31, 2024
Provided by Copper Dome Strategies, LLC The Conference Committee on the state budget met and organized this week. The General Assembly will return beginning next week to deal with [...]
View From the Dome | May 24, 2024
Provided by Copper Dome Strategies, LLC State economists met this week and increased the revenue estimate adding more funds to the state budget. Governor Henry McMaster signed a number [...]
View From the Dome | May 10, 2024
Provided by Copper Dome Strategies, LLC The 125th General Assembly adjourned Sine Die yesterday at 5:00 pm after a flurry of last week activity. The second year of the [...]
View From the Dome | May 3, 2024
Provided by Copper Dome Strategies, LLC As the clock is ticking on the 125th General Assembly, the Senate was busy debating House bills this week while the House was [...]
View From the Dome | April 19, 2024
Provided by Copper Dome Strategies, LLC Judicial elections were held on Wednesday. There were numerous subcommittee and committee meetings as the clock is beginning to wind down on the [...]
OMB Pre-Releases Changes to Uniform Guidance
Submitted by Galasso Learning Solutions Further information will be made available as it happens. Upcoming GLS Governmental courses will feature deeper content on this topic, as will future SCACPA [...]
View From the Dome | March 30, 2024
Provided by Copper Dome Strategies, LLC Two-thirds of the eighteen-week legislative session has been completed, and just six weeks remain before the May 9 adjournment. Both chambers were busy [...]
SOC Code Fields Available Now to Prepare for Required Reporting by April 2024
Submitted by the South Carolina Department of Employment & Workforce Development New data to give South Carolina businesses the advantage in hiring and building their workforce. Once again, South [...]
IRS Ends Unannounced Revenue Officer Visits
The Internal Revenue Service (IRS) recently announced a significant policy shift to improve safety, reduce confusion, and enhance taxpayer transparency. As part of their larger agency transformation efforts, the [...]
Rearview from the Dome
Provided by Copper Dome Strategies, LLC The 1st regular session of the 125th South Carolina General Assembly concluded last week. Many of the priorities going into the session were [...]
South Carolina Governor Appoints Brian J. Gaines as Comptroller General
In an Executive Order issued today, South Carolina Governor Henry McMaster announced the appointment of Brian J. Gaines as the new Comptroller General of the State of South Carolina. [...]
SC Election Results at a Glance
Prepared by Copper Dome Strategies First election under new state law that allowed for early voting A newly enacted voting law allowed for 12 days of early, in person [...]
From SC BOA: Ethics CPE Requirement for 2022 Calendar Year
The following was sent to all SC CPA Licensees from the South Carolina Board of Accountancy on July 1, 2022. The Board may be contacted at Contact.Accountancy@llr.sc.gov. To support [...]
From SCDOR: Help Your Clients Go Green & Save Time & Money
Submitted by the South Carolina Department of Revenue If you or your clients use MyDORWAY, Go Green this summer to save time and money! Starting June 27, the South [...]
SCACPA Advocacy Wins: Two Bills Signed by Gov. McMaster
South Carolina CPAs received two significant legislative wins this past week. South Carolina Governor Henry McMaster (R) signed two bills into law that positively impact the CPA profession in [...]
DYK: CPAs Can File BPP Taxes Using MyDORWAY?
Submitted by the South Carolina Department of Revenue Did you know that during the month of January, the SCDOR distributes approximately 70% of its Business Personal Property (BPP) filing [...]
SINGLE AUDIT CONSIDERATIONS- Pandemic relief assistance makes many entities subject for the first time. Are they aware? Are they ready?
Single Audit Considerations Melisa Galasso In response to the devastating effect of the global pandemic on the US economy, Congress passed several laws (the CARES Act, CAA and ARPA) [...]
Federal Legislation introduced to regulate tax preparers introduced by South Carolina 7th District Congressman Tom Rice (R). SCACPA promotes #WhyCPA.
Federal Legislation introduced to regulate tax preparers. A bill to regulate paid tax preparers and mandate they meet minimum competency standards was introduced by South Carolina 7th District Congressman [...]
View From the Dome – July 2, 2021: The General Assembly overrode the governor’s budget vetoes. Senate confirmed two appointments.
View From the Dome - July 2, 2021: The General Assembly returned to Columbia Tuesday to address the governor’s vetoes on the state budget. The Senate confirmed two of [...]
COVID-19 Liability Safe Harbor Act Signed – Governor McMaster signs bill providing protection for businesses, healthcare facilities and state agencies.
COVID-19 Liability Safe Harbor Act Signed Governor McMaster signs bill providing protection for businesses, healthcare facilities and state agencies. Last week Governor Henry McMaster was joined by business leaders [...]
View From the Dome – June 25, 2021 – The General Assembly returned to Columbia Monday to adopt the Conference Report on the state budget. Several committees met this week as well.
View From the Dome - June 25, 2021: The General Assembly returned to Columbia Monday to adopt the Conference Report on the state budget. Several committees met this week [...]
View From the Dome (June 18, 2021): House Ways and Means Committee Unanimously Adopts New Version of $31B State Budget
Communicating relevant South Carolina specific information and Advocacy on behalf of our CPA Members are important elements of SCACPA’s service to members. Here is your weekly update of actions [...]