Legislative/Advocacy

Darlington, Florence County Residents Eligible for FEMA Individual Assistance

By |2018-10-02T14:52:35+00:00October 2nd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Florence and Darlington counties were declared eligible to apply for FEMA’s Individual Assistance program on Tuesday, Oct. 2, bringing the total number of SC counties under that declaration to eight. [...]

Legislators Have Chance to Override Veto on Jobs Development Credit for Accountants

By |2018-10-01T12:44:36+00:00October 1st, 2018|Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The South Carolina Association of CPAs wants members to be aware that legislators who have returned to session this week have an opportunity to override the Governor’s veto on a [...]

Senate Finance Committee Advances Conformity Bill for Second Reading; Tax Reform Subcommittee Announced

By |2018-09-26T17:48:25+00:00September 26th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The Senate Finance Committee unanimously approved Tax Conformity bill H.5341 on Wednesday, Sept. 26. Last week, a special Senate Finance Subcommittee on Conformity approved a measure that addressed the Tax [...]

DEW: Residents in Five Counties have 30 Days to Apply for Disaster Unemployment Assistance

By |2018-09-25T18:13:43+00:00September 25th, 2018|Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

With FEMA’s designation for Individual Assistance, residents of Chesterfield, Dillon, Horry, Marion and Marlboro counties are eligible for Disaster Unemployment Assistance. If your job has been affected by Hurricane Florence, [...]

Reminder: AICPA Benevolent Fund is Source for Financial Relief

By |2018-09-25T16:22:20+00:00September 25th, 2018|Legislative/Advocacy, Membership|

As South Carolina recovers from Hurricane Florence, the South Carolina Association of CPAs wants to remind those who belong to the American Institute of CPAs and are experiencing financial [...]

IRS is Granting Tax Deadline Extensions for SC Counties

By |2018-09-26T13:29:09+00:00September 25th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

South Carolina residents in Chesterfield County join those in Dillon, Horry, Marion and Marlboro counties as eligible to apply for aid through FEMA’s Individual Assistance Program, the governor’s office [...]

SC DOR Revises its Revenue Ruling on Sales and Use Tax Economic Nexus Standard

By |2018-09-20T16:39:59+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The South Carolina Department of Revenue has announced an advisory opinion that updates SC Revenue Ruling #09-9 concerning when a retailer must remit a local jurisdiction’s Sales and Use Tax. [...]

In Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence Recovery

By |2018-09-20T16:11:16+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Gov. Henry McMaster sent a letter to South Carolina’s congressional delegation on Thursday, requesting their continued support for his request for Federal disaster assistance for an expected $1.2 billion in [...]

SEC Offers Regulatory Relief for Florence

By |2018-09-20T16:08:54+00:00September 20th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The Securities and Exchange Commission announced Wednesday that it is providing regulatory relief to accountants, transfer agents, municipal advisors, publicly traded companies, investment companies, and others affected by Hurricane Florence where [...]

SC DOR to Offer Case-By-Case Tax Relief for Hurricane Florence

By |2018-09-19T10:20:04+00:00September 19th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The South Carolina Department of Revenue announced on Tuesday that it will work on a case-by-case basis to waive any penalties assessed for taxpayers who cannot meet state filing [...]

Tax Conformity Arrangement Moves Forward from Senate Finance Subcommittee

By |2018-09-18T15:42:35+00:00September 18th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The push to enact Tax Conformity in South Carolina passed a significant milestone as the Senate Finance Subcommittee on Conformity unanimously adopted an amendment to a House bill on [...]

IRS Reminder: Beware of Disaster Scammers During Florence Recovery

By |2018-09-18T11:37:08+00:00September 18th, 2018|Auditing & Accounting, Governmental, Legislative/Advocacy, Tax, Technology|

The IRS is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters, such as Hurricane [...]

SCACPA Urges IRS to Consider Paths for Tax Deadline Extensions for Those Under Mandatory Evacuation Orders

By |2018-09-18T12:11:01+00:00September 18th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Tax|

South Carolina’s road to recovery from Hurricane and Tropical Storm Florence will be long, but SCACPA has been hard at work to secure assistance and relief for the state’s [...]

SCACPA Watches for State, Federal Responses to Tax Deadline Disaster Extension Requests

By |2018-09-13T12:15:54+00:00September 13th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

With mandatory evacuations along the South Carolina coast underway in anticipation of Hurricane Florence, SCACPA reached out early in the week to the SC DOR and the Governor’s Office to [...]

Preparedness Steps in Advance Of Hurricane Florence

By |2018-09-13T10:29:55+00:00September 10th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Tax|

The South Carolina Association of CPAs wants our members to be aware we are monitoring weather forecasts for Hurricane Florence and its possible effects on SCACPA functions and emergency [...]

SCACPA Presents: A Free 8-Hour Comprehensive 199A Update Course on Sept. 20

By |2018-08-23T14:52:09+00:00August 23rd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

COURSE TITLE: “Complete Coverage of 199A Regulations” REGISTER NOW: SMTX59 – In-Person | LITX59 – Livestream Lynn Nichols, CPA, host of SCACPA’s Federal Tax Update Podcast and presenter for [...]

Member Benefit Alert: SCACPA Partners with Surgent On-Demand Self-Study CPE

By |2018-08-21T16:21:08+00:00August 21st, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Partners, Public Relations, Regulatory, Tax, Technology|

SCACPA members who know they can depend on the Association for all-around CPE excellence now have an incredible opportunity to get specialized knowledge for their precise career needs. The [...]

SCACPA Treasurer Newhouse Testifies to Senate Finance Subcommittee on Need for Tax Conformity

By |2018-08-15T19:25:42+00:00August 15th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

Note: Read a summary about the Senate Finance Subcommittee on Conformity’s initial Aug. 8 meeting here. The Senate Finance Subcommittee on Conformity met for the second time on Wednesday morning, [...]

S.C. Tax Team’s Lynn Nichols Examines IRS Proposed Regulations on IRC Sec. 199A (Qualified Business Income Deduction)

By |2018-08-23T14:59:06+00:00August 14th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The IRS’s proposed regulations to explain and interpret Code Section 199A stemming from the Tax Cuts and Jobs Act were released on Wednesday, Aug. 8. Lynn Nichols, of the [...]

SCACPA Continues to Push for Results in Summer Conformity Talks

By |2018-08-15T19:27:57+00:00August 9th, 2018|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Note: Read about the Aug. 15 second meeting of the Senate Finance Subcommittee on Conformity that featured testimony from SCACPA Board Member and Treasurer Ken Newhouse here. The first [...]