Regulatory

Get Ready for 2019 with the SC Department of Revenue

By |2018-11-14T14:48:05+00:00November 14th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

With 2019 fast approaching, here are some end-of-year updates from the South Carolina Department of Revenue: New SCDOR PO boxes and ZIP+4 addresses are now on most SCDOR forms [...]

SCACPA is Listening, Acting as CPAs Struggle to Keep Up With Education and Successor Notifications

By |2018-11-07T14:50:39+00:00November 7th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Public Relations, Regulatory|

The South Carolina Association of CPAs is letting our members know that we are directing our resources toward navigating solutions regarding statewide notifications that affect South Carolina CPAs. The [...]

BOA’s Proposed Regulations Include Education, Licensure Requirements

By |2018-11-07T11:50:33+00:00November 7th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

Here are the South Carolina Board of Accountancy’s proposed regulation amendments for the State Code, as published Oct. 26, 2018:   Document No. 4845 DEPARTMENT OF LABOR, LICENSING AND REGULATION [...]

Upcoming Firm License Renewals: Be Prepared for Designated Successor Requirement

By |2018-11-01T14:44:02+00:00October 31st, 2018|Governmental, Legislative/Advocacy, Membership, Regulatory|

SCACPA reminds you that your annual firm renewal process cannot be completed without naming a designated successor. The South Carolina Board of Accountancy wrote in its 2nd Quarter 2018 [...]

Young Professionals of CPAs, Bankers, Lawyers Invited to Networking Social Night on Nov. 8

By |2018-10-31T11:44:29+00:00October 31st, 2018|Legislative/Advocacy, Membership, Partners, Regulatory|

A CPA, a banker and a lawyer walked into a bar … Well, an historic aircraft hanger converted into a craft brewery, to be specific. The South Carolina Association [...]

AICPA Offers Resources for Congressional Responses to Wayfair

By |2018-10-22T17:22:50+00:00October 22nd, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The AICPA State Legislation Team and the AICPA Tax Advocacy Team have put together resources on the Supreme Court’s Wayfair decision, especially as congressional efforts to respond to Wayfair have [...]

SCACPA is “Educating the Educators” on Financial Literacy

By |2018-10-22T15:34:41+00:00October 22nd, 2018|Auditing & Accounting, Business & Industry, Legislative/Advocacy, Membership, Public Relations, Regulatory, Tax|

If high school and college-aged students could choose the one educational course that would most benefit their future, it would be one focused on money management.  That’s according to [...]

AICPA Votes to Move Forward with Expanded ABV Credential Eligibility for Non-CPAs

By |2018-10-22T13:39:49+00:00October 22nd, 2018|Auditing & Accounting, Business & Industry, Legislative/Advocacy, Regulatory, Tax|

The AICPA governing Council will continue to expand the eligibility of the Accredited in Business Valuation credential to non-CPAs, following a vote on Sunday. Five Council members had brought forth [...]

SC Board of Accountancy Q3 Newsletter Offers Tips for Annual License Renewals

By |2018-10-18T17:51:57+00:00October 18th, 2018|Auditing & Accounting, Business & Industry, Governmental, Regulatory, Tax, Technology|

The South Carolina Board of Accountancy released its third quarter newsletter, and here are some items of interest: Tips for License Renewals The BOA staff has prepared a wide [...]

REMINDER: Extensions are Available for Nov. 1 Deadline of Unclaimed Property ‘Negative Reporting’

By |2018-10-17T16:37:46+00:00October 17th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax, Uncategorized|

With the Nov. 1 deadline to submit an Unclaimed Property Report to the State Treasurer’s Office fast approaching, the South Carolina Association of CPAs wants to assure its members [...]

Work Begins for Senate Finance Taxation System Review and Reform Subcommittee

By |2018-10-17T12:59:10+00:00October 17th, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The Senate Finance Taxation System Review and Reform Subcommittee held its first meeting on Wednesday, Oct. 17. The subcommittee will be co-chaired by Sen. Sean Bennett (R-Dorchester) and Sen. Vincent [...]

Coming Soon: We Will Need Your Help with a Survey that will Revolutionize How SCACPA Strengthens Our Advocacy

By |2018-10-17T17:35:19+00:00October 17th, 2018|Business & Industry, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax|

The South Carolina Association of CPAs places a special value on how our Members volunteer their assistance to our advocacy programs. It would be impossible to accomplish all we [...]

Help Your Clients Understand the New Unclaimed Property Requirement of ‘Negative Reporting’

By |2018-10-04T16:19:00+00:00October 4th, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory|

After being in communication with the State Treasurer’s Office, the South Carolina Association of CPAs would like our members to know what we have learned regarding state requirements that include [...]

Gov. McMaster Signs Tax Conformity Bill H.5341

By |2018-10-04T00:26:33+00:00October 3rd, 2018|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax|

Gov. Henry McMaster has signed Tax Conformity bill H.5341 on Wednesday evening. It will be formally delivered to the Secretary of State on Thursday morning. "It took bipartisan leadership [...]

IRS Guidance Arrives on TCJA Business Expense Deductions for Entertainment, Meals

By |2018-10-03T13:41:40+00:00October 3rd, 2018|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

The IRS issued guidance on Wednesday on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act. The 2017 TCJA eliminated the [...]

How to Get the Most out of SCACPA’s CPE Benefit of Surgent On-Demand Self-Study

By |2018-10-02T20:48:21+00:00October 2nd, 2018|Auditing & Accounting, Business & Industry, Featured, Membership, Partners, Regulatory, Tax, Technology|

You might have seen that SCACPA has teamed with Surgent CPE to offer 240 courses of self-study, on-demand education as a member benefit. It’s an incredible opportunity to get specialized [...]

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, [...]