SCACPA Advocacy Helps Cut Through Your Regulatory Red Tape
SCACPA knows you work hard to operate your business the right way. But the odds are good that someday – through no fault of your own – you will [...]
View from the Dome: Chambers Complete Flurry of Readings for Crossover Deadline
View from the Dome – April 12, 2019 By Copper Dome Strategies, LLC Both chambers spent considerable time on the floor amid efforts to move bills to the other chamber [...]
Last-Minute Tax Roundup: Tips Among IRS Online Resources and Other Headlines
With a few days remaining before the 2019 federal tax-filing deadline, demand for IRS tax help by phone is peaking. The IRS encourages taxpayers to make IRS.gov their first [...]
Impacts on Charity Deductions, State Tax Credits are Focus of DOR Letter
The SC Department of Revenue has issued an advisory opinion to inform taxpayers that a proposed Treasury Regulation might have an impact on South Carolina taxpayers’ charitable contribution deductions [...]
-
View from the Dome: Senate to Consider BOA Bill that Expands Eligibility for ReciprocityView from the Dome: Senate to Consider BOA Bill that Expands Eligibility for Reciprocity
Advocate, Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax
View from the Dome: Senate to Consider BOA Bill that Expands Eligibility for Reciprocity
View from the Dome – April 5, 2019 By Copper Dome Strategies, LLC Both chambers worked their calendars to get as many bills in position to meet next week's [...]
DOR Releases State’s Latest Per Capita Income Figure for Early 2019
The South Carolina Department of Revenue has announced that the latest South Carolina per capita income figure is $42,736 in its Information Letter dated April 3, 2019. The purpose [...]
Senate Considers Bill to Amend BOA Laws for Reciprocity, Open Hearings
REAL-TIME UPDATE (April 24, 2019): SCACPA CEO Chris Jenkins spoke to legislators on Tuesday in support of the Board of Accountancy bill and to answer any questions they might [...]
View from the Dome: Tax Conformity Bill Becomes Law; Move to Sell Santee Cooper Gains Momentum
View from the Dome – March 29, 2019 By Copper Dome Strategies, LLC The session is two-thirds completed (12 weeks down and 6 weeks remaining until the May 9 adjournment). [...]
These Four SC Counties Will Have Local Sales Tax Changes Go Into Effect May 1
The South Carolina Department of Revenue has issued a reminder that the following local tax changes go into effect May 1: Georgetown (County Code 1022) Local Tax Change: 1% [...]
Gov. McMaster Signs Conformity, Tax Lien Bills
Gov. Henry McMaster signed South Carolina’s annual tax Conformity legislation into law on Thursday, March 28. H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis) had been ratified by the [...]
-
How to Apply IRC Section 199A? Joint Committee on Taxation has Prepared a GuideHow to Apply IRC Section 199A? Joint Committee on Taxation has Prepared a Guide
Auditing & Accounting, Business & Industry, Educate, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax
How to Apply IRC Section 199A? Joint Committee on Taxation has Prepared a Guide
The U.S. Congress Joint Committee on Taxation has published a 32-page “Overview of Deduction for Qualified Business Income: Section 199A.” “The document appears to be a .PDF of 32 [...]
-
View from the Dome: House Tax Policy Review Committee Set to Discuss Taxes on Services; Bidding Process Explored for Santee Cooper Utility
View from the Dome: House Tax Policy Review Committee Set to Discuss Taxes on Services; Bidding Process Explored for Santee Cooper Utility
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax
View from the Dome: House Tax Policy Review Committee Set to Discuss Taxes on Services; Bidding Process Explored for Santee Cooper Utility
View from the Dome – March 22, 2019 By Copper Dome Strategies, LLC There was action on several major legislative initiatives, including education reform, medical marijuana, an update to the [...]
Supply-Side Economics Guru Laffer Urges SC House Tax Policy Review Committee to Flatten Outdated Tax Structure
The SC House Tax Policy Review Committee on Thursday heard from Gov. Henry McMaster, who applauded the committee for its work and then introduced special guest speaker economist Dr. Art [...]
Please Review This Important DOR Revenue Ruling About State Tax Addback Calculations
SCACPA wants to make CPAs and tax practitioners aware that the South Carolina Department of Revenue has released a four-page Revenue Ruling concerning the new ways to calculate state [...]
With Third Reading in SC Senate, Conformity Passage is Closer to Completion
South Carolina’s annual tax Conformity legislation found in H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis) received its third reading on the floor of the full Senate on Wednesday, [...]
How to Talk to Clients About Tax Deadline Extensions
As a CPA, you know how to navigate a challenging filing season. One maneuver is to file tax extensions on behalf of some clients. This lengthens the time you [...]
-
View from the Dome: SC Senate Gives Unanimous Second Reading to Conformity Bill; House Gives Final Approval on Budget
View from the Dome: SC Senate Gives Unanimous Second Reading to Conformity Bill; House Gives Final Approval on Budget
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax
View from the Dome: SC Senate Gives Unanimous Second Reading to Conformity Bill; House Gives Final Approval on Budget
View from the Dome – March 15, 2019 By Copper Dome Strategies, LLC There were no meetings scheduled in the House this week as they debated and passed the [...]
Farmers and Fisherman Tax Penalty Relief Announced by SC DOR
The South Carolina Department of Revenue has released Information Letter 19-8, a 2-page advisory opinion regarding waiving federal penalties for underpayments of estimated taxes by certain farmers and fishermen. [...]
-
SC DOR Releases Information Letter Summary of State Individual Income Tax Conformity to IRCSC DOR Releases Information Letter Summary of State Individual Income Tax Conformity to IRC
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax
SC DOR Releases Information Letter Summary of State Individual Income Tax Conformity to IRC
The South Carolina Department of Revenue has released Information Letter 19-7, a 13-page advisory opinion that summarizes South Carolina conformity with Internal Revenue Code sections affecting individual taxpayers through Feb. [...]
-
SCACPA’s Things to Watch in the Profession: A&A Update on Hosting ServicesSCACPA’s Things to Watch in the Profession: A&A Update on Hosting Services
Auditing & Accounting, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax, Technology
SCACPA’s Things to Watch in the Profession: A&A Update on Hosting Services
March 14, 2019 There have been many questions about the hosting standard that was supposed to be effective in 2018 but was delayed until July 1, 2019. At last, [...]