The Exposure Draft, Maintaining the Relevance of the Uniform CPA Examination® - Aligning the Exam with the CPA Evolution Licensure Model, is available for public comment. The draft is [...]
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 [...]
One month ago, we celebrated the signing of Senate Bill 812 into law. The CPA Practice Act resulted from hours of conversations around conference tables and discussions with legislators, [...]
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 [...]
During 2021, the AICPA’s Auditing Standards Board invited comments on its exposure draft, Proposed Quality Management Standards. According to an AICPA press release (February 2021), “the standards offer a [...]
Earlier this week, the SC Department of Revenue approved and issued Information Letter 21-31: Extended Tax Relief – Nexus and Income Tax Withholding Requirements for Employers with Workers Temporarily [...]
Gov. Henry McMaster and S.C. Department of Employment and Workforce Executive Director Dan Ellzey Announce Tax Rate Cuts as the UI Trust Fund Remains Strong
Governor Henry McMaster and S.C. Department of Employment and Workforce (DEW) Executive Director Dan Ellzey today announced South Carolina’s unemployment insurance tax rates for employers will decrease or remain [...]
SCACPA participated in the recent meeting of the SC Board of Accountancy on October 26. During the meeting, members of the SC Board of Accountancy and SCACPA CEO Chris [...]
The DOL Employee Benefit Security Administration (EBSA) Office of the Chief Accountant (OCA) is planning to conduct a study to assess the quality of audit work performed by independent [...]
The Department of Labor, Licensing and Regulation (LLR) is seeking members for several of its boards. There is a strong interest from the Governor to have CPAs fill those [...]
SCACPA FORMS LEGISLATOR CONNECTIONS COMMUNITY Please Help us Strengthen our Association’s Grassroots Advocacy
To enhance our grassroots Advocacy effectiveness, we are building a community of members to develop and maintain relationships with South Carolina legislators. One of the major benefits of SCACPA [...]
The AICPA Auditing Standards Board has proposed the most significant changes regarding quality management since 2006 with three new interrelated quality management standards which will impact CPA firms at both [...]
CPA EVOLUTION UPDATE: SCACPA leadership meets with the SC BOA and statewide colleges and universities to address industry changes.
CPA EVOLUTION UPDATE: WHAT IS THE IMPACT ON YOU? This week SCACPA leadership attended a meeting of the South Carolina Board of Accountancy Education Subcommittee. In addition to SCACPA [...]
More than 20 South Carolina counties have adopted the standardized online filing of PT-100 with SC Department of Revenue. MyDORWAY is the SCDOR's online platform for filing PT-100s. Led [...]
Federal Legislation introduced to regulate tax preparers introduced by South Carolina 7th District Congressman Tom Rice (R). SCACPA promotes #WhyCPA.
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 overrode the governor’s budget vetoes. Senate confirmed two appointments.
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 [...]
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 as well.
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 [...]
Plan ahead for outages ahead of MyDORWAY upgrades on June 28 The South Carolina Department of Revenue (SCDOR) is just days away from introducing the upgraded version of MyDORWAY, [...]
View From the Dome (June 18, 2021): House Ways and Means Committee Unanimously Adopts New Version of $31B State Budget
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, [...]