The South Carolina Association of CPAs is excited to announce it is now an IRS-approved provider for our Tax continuing education courses. For Enrolled Agents and non-CPAs in and [...]
By Copper Dome Strategies Friday, Aug. 14, 2020 Plans are finalized for public schools to begin opening starting next week. The Senate Re-Open SC Committee met again. Democrats flipped [...]
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. It is produced to [...]
By Copper Dome Strategies Friday, Aug. 7, 2020 All remaining businesses that closed as the Coronavirus began spreading across South Carolina began to reopen this week. Legislative committees met [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
By Copper Dome Strategies Friday, June 5, 2020 Several legislative committees met this past week to discuss actions needed to assist in the economic recovery. Both the House and [...]
The South Carolina Board of Accountancy has granted exam credit extensions until December 31, 2020, to all SC CPA Exam candidates who have exam credits expiring from April 1 [...]
By Copper Dome Strategies Friday, May 29, 2020 Gov. Henry McMaster issued a new Executive Order on Wednesday extending the State of Emergency for an additional 15 days as South [...]
Note: On June 6, the ‘Paycheck Protection Program Flexibility Act of 2020’ was enacted, which gives more flexibility to borrowers. Learn more here. A PPP Loan Forgiveness calculator is [...]
By Copper Dome Strategies Friday, May 22, 2020 Gov Henry McMaster signed into law a Continuing Resolution to keep the state's government operating. The governor also issued a new [...]
Takeaways from ‘Workplace Safety Reopening Guide for SC Employers’ Legal Webinar The S.C. Chamber of Commerce hosted a webinar Thursday for employers on how to safely begin reopening businesses. [...]
No matter where you logged in from, thank you to all SCACPA members and presenters who banded together to turn the May 14-15 Virtual Spring Splash into a CPE success [...]