Blogs

SCACPA Joins AICPA, COST in Urging Congressional Support for State Tax Filing Relief for Remote Workers

By |2020-08-31T19:01:17-04:00August 31st, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Tax|

SCACPA has joined more than 120 employers and organizations across the nation in signing a letter to Congressional leaders urging them to support state tax filing and withholding relief [...]

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SCACPA Mourns the Passing of Past President Austin M. Sheheen Jr., Age 85

By |2020-08-31T16:20:38-04:00August 31st, 2020|Blogs, Connect, Featured, Membership, Membership Page Controls, Public Relations|

SCACPA mourns the passing of Austin Moses Sheheen Jr., CPA, of Camden, who died on Saturday, Aug. 29 at age 85. He was born Sept. 11, 1934, to Austin [...]

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Lynn Nichols Federal Tax Update (Aug. 31, 2020): Owner-Employee PPP Loan Forgiveness

By |2020-08-31T13:36:43-04:00August 31st, 2020|Blogs, COVID-19, Educate, Featured, Governmental, Membership Page Controls, Regulatory, Tax|

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 provide [...]

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Introducing the “Accountable” Podcast for CFOs with SCACPA B&I Advisor David Peters, CPA

By |2020-08-28T19:02:40-04:00August 28th, 2020|Blogs, Business & Industry, Communicate, Featured, Membership Page Controls, Technology, Why CPA|

Join host David R. Peters, CPA, MST, on this installment of “Accountable,” the podcast for CFOs, by CFOs. David talks with Toni Berbrick, CPA, about cybersecurity. She is an [...]

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View From the Dome: Comptroller’s Office Announces $350M Surplus for FY 2019-20

By |2020-08-28T18:02:36-04:00August 28th, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

By Copper Dome Strategies Friday, Aug. 28, 2020 Gov. Henry McMaster announced that the state of South Carolina submitted its grant application for FEMA's Lost Wages Assistance (LWA) program. The [...]

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Galasso Learning Solutions: Materiality Considerations for Attestation Engagements

By |2020-08-27T16:47:17-04:00August 27th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Legislative/Advocacy, Membership Page Controls, Regulatory|

The AICPA has issued nonauthoritative guidance from its Materiality Working Group of the Assurance Services Executive Committee (ASEC), designed to assist practitioners in determining when there is a material misstatement [...]

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Galasso Learning Solutions: ASU 2020-06

By |2020-08-27T16:34:03-04:00August 27th, 2020|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Regulatory|

ASU 2020-06 is designed to reduce complexity and improve comparability for convertible instruments and contracts in an entity’s own equity. Issued: August 2020 What questions do you have? Send your [...]

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DOR Announces Extended Tax Relief for Nexus and Income Tax Withholding Requirements Through Dec. 31, 2020

By |2020-08-26T17:37:51-04:00August 26th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

The South Carolina Department of Revenue on Thursday, Aug. 26, released SC Information Letter #20-24, which extends until Dec. 31, 2020, temporary tax relief to employers with workers temporarily [...]

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Lynn Nichols Federal Tax Update (Aug. 24): Vacation Property Rentals and IRC Sec. 469

By |2020-08-26T01:02:12-04:00August 26th, 2020|Educate, Featured, Governmental, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

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 provide [...]

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SCACPA Happenings: Week of Aug. 24-Aug. 28

By |2020-08-26T17:18:22-04:00August 25th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

THIS WEEK: We are closing in on 90% of our members having renewed their dues for 2020-21 All-Inclusive Membership! SCACPA is excited for all the initiatives we’ve been rolling [...]

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View From the Dome: Gov. McMaster Urges Cabinet Agencies to Maintain Funding Levels from Continuing Resolution For Now

By |2020-08-21T14:17:11-04:00August 21st, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

By Copper Dome Strategies Friday, Aug. 21, 2020 The Senate announced plans to return to session in September. Among the considerations are changes to state election laws that could allow [...]

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Galasso Learning Solutions: GAGAS Audit Alert for COVID-19

By |2020-08-19T16:10:52-04:00August 19th, 2020|Uncategorized|

The General Accounting Office has issued an audit alert to provide considerations for auditors as to how COVID-19 will impact Yellow Book audits. The alert addresses risk assessment, audit [...]

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Here are Resources to Discuss the Payroll Tax Deferral Executive Action

By |2020-08-19T14:09:16-04:00August 19th, 2020|Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax|

SCACPA and the AICPA are offering resource concerning the recent Executive Action on Payroll Tax Deferral. The executive action has raised many questions, and specific guidance and clarity are [...]

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Lynn Nichols Federal Tax Update (Aug. 17, 2020): State and Local Tax Deduction Limit

By |2020-08-19T13:26:48-04:00August 19th, 2020|Uncategorized|

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 provide [...]

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SCACPA Happenings: Week of Aug. 17-Aug. 21

By |2020-08-19T12:01:33-04:00August 19th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

SCACPA Happenings: Week of Aug. 17-Aug. 21 THIS WEEK: Nearly 90% of our members have renewed their dues for our 2020-21 All-Inclusive Membership experience! SCACPA is excited for everything [...]

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You Can Earn Six Hours of Livestream Ethics Credits on September 16 (and Discover Some Tech Gizmos, Too!)

By |2020-08-18T20:22:05-04:00August 18th, 2020|Blogs, Educate, Featured, Membership, Membership Page Controls, Public Relations, Technology|

A quality tax practice begins with respect for the standards, and SCACPA is presenting a day of six total hours of livestream ethics training on Wednesday, Sept. 16. Start [...]

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View From the Dome: Joint Bond Review Committee Approves Highway Projects, Seeks More Funds for Rural Broadband

By |2020-08-14T18:11:13-04:00August 14th, 2020|Advocate, Blogs, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

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 a [...]

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Here’s What SCACPA’s 2020 Scholarship Winners Have to Say About Their Plans

By |2020-08-14T12:00:36-04:00August 14th, 2020|Blogs, Featured, Grow, Membership, Membership Page Controls, Public Relations, Why CPA|

Summer time means SCACPA Scholarship time, and for 2020 we are excited that our Educational Fund Trustees awarded $64,500 to 43 exceptional students who plan to pursue careers in [...]

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SCACPA Happenings: Week of Aug. 10-Aug. 14

By |2020-08-14T10:30:52-04:00August 11th, 2020|Blogs, Connect, Membership Page Controls, SCACPA Happenings|

THIS WEEK: SCACPA is excited for everything that’s in store for the 2020-21 Membership Year, and we continue to receive your membership renewals every day. More than 80% of [...]

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Preventing Fraud During COVID-19: DEW Warns About Consequences for ‘Double-Dipping’ of Combining Unemployment Claims with PPP-Backed Income

By |2020-08-11T16:06:27-04:00August 11th, 2020|Blogs, Business & Industry, Communicate, COVID-19, Featured, Governmental, Membership Page Controls, Public Relations, Technology|

The S.C. Department of Employment and Workforce released a statement on Monday, Aug. 10, to remind employers and workers that abusing federal relief funding such as Paycheck Protection Program [...]

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