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Legislative/Advocacy

View from the Dome: Income Tax Reduction Bill Falls Short of Crossover Deadline

By |2019-04-19T16:47:38-04:00April 19th, 2019|Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – April 19, 2019 By Copper Dome Strategies, LLC The Senate passed its version of the state budget Thursday night after two days of debate. The [...]

SCACPA Advocacy Helps Cut Through Your Regulatory Red Tape

By |2019-04-25T09:18:11-04:00April 15th, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory|

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

By |2019-04-12T12:37:45-04:00April 12th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

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

By |2019-04-10T19:08:33-04:00April 10th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

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 [...]

View from the Dome: Senate to Consider BOA Bill that Expands Eligibility for Reciprocity

By |2019-04-08T15:42:05-04:00April 5th, 2019|Advocate, Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

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 [...]

Senate Considers Bill to Amend BOA Laws for Reciprocity, Open Hearings

By |2019-04-25T13:39:29-04:00April 3rd, 2019|Blogs, Featured, Governmental, Legislative/Advocacy, Regulatory|

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

By |2019-04-05T16:02:23-04:00March 29th, 2019|Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

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). [...]

Gov. McMaster Signs Conformity, Tax Lien Bills

By |2019-04-08T15:43:02-04:00March 29th, 2019|Advocate, Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

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 Guide

By |2019-04-08T16:03:14-04:00March 22nd, 2019|Auditing & Accounting, Business & Industry, Educate, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

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

By |2019-03-22T13:45:11-04:00March 22nd, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

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

By |2019-03-21T18:10:43-04:00March 21st, 2019|Governmental, Legislative/Advocacy, Regulatory, Tax|

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 [...]

How to Talk to Clients About Tax Deadline Extensions

By |2019-04-08T15:45:49-04:00March 20th, 2019|Auditing & Accounting, Business & Industry, Communicate, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

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

By |2019-03-15T12:53:44-04:00March 15th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

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

By |2019-04-09T14:28:53-04:00March 13th, 2019|Advocate, Auditing & Accounting, Business & Industry, Communicate, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

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 IRC

By |2019-03-13T16:12:16-04:00March 13th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

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 Services

By |2019-04-08T15:47:02-04:00March 13th, 2019|Auditing & Accounting, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

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, [...]

You are the Reason for SCACPA Success – A Year in Review

By |2019-04-09T14:30:23-04:00March 12th, 2019|Auditing & Accounting, Business & Industry, Communicate, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory, Tax, Technology, Why CPA|

The pace of change has never been this fast, yet it will never be this slow again. With your support, SCACPA successfully navigated the change to the new All-Inclusive [...]

Conformity Clears Second Reading with Senate

By |2019-04-05T14:56:52-04:00March 12th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Public Relations, Tax|

The full Senate Finance Committee gave a favorable report on H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis), the annual tax Conformity legislation, on Tuesday, March 12. UPDATE: The Conformity [...]

View from the Dome: House’s Tax Conformity Bill Reaches Senate Finance Committee

By |2019-03-08T13:19:53-04:00March 8th, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – March 8, 2019 By Copper Dome Strategies, LLC The Senate Finance Sales and Income Tax Subcommittee approved the annual tax conformity legislation. The South Carolina [...]