Governmental

SCDOR: State Sales Tax Holiday Begins Friday, Aug. 7

By |2020-08-04T14:53:56-04:00August 4th, 2020|Blogs, Business & Industry, Communicate, Featured, Governmental, Membership Page Controls, Public Relations, Tax, Technology|

School supplies, clothes and computers are among the items that can be purchased free of sales tax during South Carolina’s annual 72-hour Sales Tax Holiday from Friday, Aug. 7 through [...]

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SCDOR Roundup: 2020 Individual Income Tax Statistics and Policy Division Updates

By |2020-08-04T18:04:22-04:00August 4th, 2020|Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Tax, Technology|

More South Carolina taxpayers filed their Individual Income Tax returns on time this year, with more taxpayers choosing electronic filing options, according to preliminary figures from the South Carolina [...]

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Lynn Nichols Federal Tax Update Podcast for Aug. 3, 2020: Capital Loss vs. Ordinary Loss

By |2020-08-05T16:35:32-04:00August 3rd, 2020|Business & Industry, COVID-19, Educate, Featured, Governmental, Legislative/Advocacy, 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. The commentary is brief, [...]

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View From the Dome: Board of Economic Advisors Anticipates SC’s 2019-20 Surplus as $220M

By |2020-08-03T13:50:39-04:00July 31st, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, July 31, 2020 Gov. Henry McMaster issued a new Executive Order on Thursday allowing all remaining businesses that closed as the coronavirus began spreading across [...]

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Surgent’s On-Demand Self-Study Offers SCACPA Members the Specific CPE You Need With More than 230 Courses

By |2020-07-24T12:35:34-04:00July 24th, 2020|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Partners, Public Relations, Regulatory, Tax, Technology|

SCACPA is excited to continue partnering with Surgent CPE for on-demand self-study in the 2020-21 membership year. Association members can depend on this incredible opportunity to get specialized knowledge [...]

Galasso Learning Solutions: Proposed ASU – Insurance Effective Date

By |2020-07-23T19:06:52-04:00July 23rd, 2020|Auditing & Accounting, Blogs, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

FASB has issued an exposure draft that would delay the effective date of ASU 2018-12, which provides updated guidance on financial reporting for long duration insurance contracts. The effective date [...]

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SCACPA Legislative Update: Congress Requires Recommendations from CPAs for Next Phase of COVID-19 Relief Legislation

By |2020-07-21T16:32:45-04:00July 21st, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Tax, Technology|

The U.S. House of Representatives and Senate have returned to Washington, DC, for the first time since June. Leadership from both chambers are in deep discussion about a path forward [...]

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Galasso Learning Solutions: GASB Preliminary Views – Revenue and Expense Recognition

By |2020-07-17T15:16:09-04:00July 17th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

GASB has issued a preliminary views document, which is their second phase in updating revenue and expense guidance. Building on the ITC issued in 2018, the PV continues to develop [...]

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Should My Firm File Protective Claims in Advance of the Supreme Court Decision on ACA?

By |2020-07-14T14:37:12-04:00July 14th, 2020|Advocate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations|

This Q&A from SCACPA and the AICPA can help your firm’s decision-making. In March of this year, the U.S. Supreme Court announced that it will hear a case that challenges [...]

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View From the Dome: accelerateED Task Force Offers its Guidance for 2020-21 School Year

By |2020-07-10T16:46:48-04:00July 10th, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory|

By Copper Dome Strategies Friday, July 10, 2020 Two legislative committees met this week to receive briefings on re-opening public schools in the fall and the effects of COVID-19 on [...]

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SCDOR Releases 2020 Tax Legislative Update

By |2020-07-09T20:37:21-04:00July 9th, 2020|Advocate, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Tax|

The SCDOR’s Information Letter 20-19 is a six-page summary of significant changes in South Carolina’s tax and regulatory laws enacted as of May 2020. It was released Thursday, July [...]

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Galasso Learning Solutions: Second Quarter 2020 In Review

By |2020-07-07T12:56:10-04:00July 7th, 2020|Auditing & Accounting, Blogs, COVID-19, Educate, Featured, Governmental, Membership Page Controls, Regulatory|

Let’s review the standards issued and proposed by GASB, FASB and the AICPA during 2020’s second quarter. While it was a slower quarter, GASB finalized quite a few final standards. [...]

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DOR Extends Tax Relief Until Oct. 15 for Persons, Businesses Affected by April’s Severe Weather

By |2020-06-29T22:16:52-04:00June 29th, 2020|Advocate, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Partners, Regulatory, Tax|

The SCDOR and IRS are offering tax relief for victims of the April 2020 tornadoes, severe storms and flooding that impacted nine South Carolina counties, it was announced Friday, June [...]

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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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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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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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Results and Headlines from the South Carolina June 9 Primary Elections 

By |2020-06-10T12:33:40-04:00June 10th, 2020|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Membership Page Controls|

Here are the results and some context for South Carolina's Primary Elections on June 9, courtesy of Copper Dome Strategies: Federal Races U.S. Senator Lindsey Graham easily defeats his three [...]

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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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