Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols, CPA. This is presented as a member benefit by the South Carolina Association of CPAs. The commentary is brief, [...]
Last year’s inaugural Fall Fest was the biggest event in SCACPA history, and we’re ready for this year’s event at the Columbia Metropolitan Convention Center to be even bigger. [...]
SCACPA encourages all its members to offer their expertise as CPAs for our advocacy efforts through the State House. We know our members offer well-researched and objective knowledge in [...]
The U.S. government’s balance sheet indicates that, over time, the nation has an accumulated deficit (from annual shortfalls as of Sept. 30, 2018) of $21.5 trillion. To put that [...]
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 [...]
By Copper Dome Strategies Friday, Oct. 4, 2019 In this edition: The Business License Tax Collection Study Committee met on Thursday, Oct. 3. Legislators will have more money to [...]
Those who need help resolving state tax issues can visit the SC Department of Revenue’s Taxpayer Advocate across the state beginning in October. The Advocate, who is based in [...]
The South Carolina Board of Accountancy voted its approval to raise annual license fees starting for 2021 during a Special Called Meeting on Tuesday, Sept. 24. The vote came [...]
The U.S. Department of Labor announced a final rule on Tuesday, Sept. 24 that makes 1.3 million American workers newly eligible for overtime pay. It updates the earnings thresholds [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
