Beneficial Ownership Information
By Ian Redpath, JD, LLM This article originally appeared in the Summer 2023 edition of the South Carolina CPA Report. The beneficial ownership information (“BOI”) reporting provisions were part [...]
By Ian Redpath, JD, LLM This article originally appeared in the Summer 2023 edition of the South Carolina CPA Report. The beneficial ownership information (“BOI”) reporting provisions were part [...]
In response to the requests of investors for more disaggregation, the FASB has issued ASU 2023-09, Improvements to Income Tax Disclosures. The ASU will require [...]
The AICPA's Assurance Services Executive Committee (ASEC) recently issued an exposure draft to provide a framework for stablecoin issuers to present information about stablecoins and [...]
On December 13th, the FASB issued ASU 2023-08 to improve the accounting for and disclosure of certain crypto assets. This new standard responds to feedback [...]
Building on last week's blog, this week's looks at another COVID-19 report issued by GAO which looks at the common fraud schemes found. The report, [...]
Studies have shown that most people fear public speaking more than death. As Jerry Seinfeld once put it, “…that means the average person at a funeral would rather be [...]
In November 2023, FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures, which requires public companies to provide additional disclosures about their segments which were [...]
Unfortunately, it's not a question of whether cyber criminals will impact our lives but when. Are you and those you serve prepared? As CEO of ISC2, the world's leading membership association [...]
GAO has issued two COVID fraud related reports. This week's blog looks at the first one which focuses on some of the insights and lessons [...]
Renewals for your Certified Public Accounting or Accounting Practitioner license with the South Carolina Board of Accountancy for 2024 are now open. Information to renew your license online is [...]
Employers who file at least 10 W-2 or 1099 forms with South Carolina withholding are now required to submit those documents to the South Carolina Department of Revenue (SCDOR) [...]
The AICPA is proposing changes to the peer review standards. This update includes proposed changes for quality management with effective dates that would tie to [...]
The forecast is in: Be on the lookout for doom 'n' gloom. At least, that's how the media are painting the future -- as a bleak world, upended by [...]
While we often think of accounting and auditing when we think standards, tax professionals are also subject to standards which are changing effective January 1, [...]
Tune into the latest Accountable podcast with guest, presenter, teacher, facilitator, partner and author, Joey Havens, CPA. Listen while Dave and Joey discuss the tremendous opportunity that comes with exponential [...]
This blog will cover the second phase of the International Non-Profit Accounting Guidance by looking at Exposure Draft 2 and its proposed guidance for nonprofits. [...]
Submitted by the South Carolina Department of Employment & Workforce Development New data to give South Carolina businesses the advantage in hiring and building their workforce. Once again, South [...]
Did you know 77% of employees reported burnout at least once in their current job and 68% of staff cited lack of a good work/life balance as significantly impacting [...]
The AICPA has released their 2023 National Management of an Accounting Practice (MAP) Survey Executive Summary. This summary can help firms benchmark themselves against the [...]
The GASB recently proposed to separate out disclosures of various types of assets to help users understand the types of assets. Due to the creation [...]
Accounting and finance professionals are notorious for burning the candle at both ends. In fact, is finding balance between work and life even possible? "It is," says Amy Vetter, [...]
The AICPA's Auditing Standards Board has issued a proposed SSAE to conform the attestation standards with the new quality management suite. Comments are due December [...]
One of our own SCACPA members, Donny Burkett, has landed himself in the slammer! But don't fret; it's all in good fun and for a fantastic cause. Mr. Burkett [...]
From the IRS IRS announces withdrawal process for Employee Retention Credit claims; special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing As part of [...]
By David Peters, CPA One of the things that I love about SCACPA’s conferences is that we always seem to have a little bit of everything. This year’s Fall [...]
The FASB has issued ASU 2023-05, Business Combinations—Joint Venture Formations (Subtopic 805-60) Recognition and Initial Measurement, to address diversity in practice with respect to the [...]
By David Peters, CPA This article originally appeared in the Summer 2022 issue of The South Carolina CPA Report Whether you are in the insurance industry bubble (like me) or [...]
By David Knoble, CPA Member since 2010 This article originally appeared in the Fall 2022 issue of The South Carolina CPA Report Today, there is an increase in a practitioner’s [...]
By David Donovan, Senior Infrastructure Architect, VC3 This article originally appeared in the Winter 2023 issue of The South Carolina CPA Report There is no denying that backing up your [...]
On October 5th, the Office of Management and Budget proposed changes to the Uniform Guidance. One of the most noteworthy changes is a proposal to [...]