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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 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. 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 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. 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 [...]
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 [...]
Surprise announcement creates confusion. On Wednesday, June 15, 2021, the South Carolina Board of Accountancy announced that, “Due to the South Carolina State of Emergency expiring on June 7, [...]
GASB has issued an exposure draft, Accounting Changes and Error Corrections. It is an amendment of GASB Statement No. 62 and updates an area of accounting that hasn't seen much [...]
As part of SCACPA’s dedication to Advocacy on behalf of the CPA Profession, here is your weekly update of actions being taken during the 124th Legislative Session, prepared in [...]
As part of SCACPA’s dedication to Advocacy on behalf of the CPA Profession, here is your weekly update of actions being taken during the 124th Legislative Session, prepared in cooperation [...]
Spring Splash Reminder! SCACPA is offering more than 60 hours of livestream learning in May and June. There’s still time to register for Lynn Nichols’ informative livestream Tax sessions: Net Operating Losses [...]