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SCDOR Releases Two Revenue Rulings on Sales to Government Employees and Phone Bill Charges

By |2019-09-20T16:06:27-04:00September 20th, 2019|Auditing & Accounting, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The South Carolina Department of Revenue has issued a pair of approved advisory opinions based on public drafts that were released in August. The first informs retailers that federal government [...]

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Galasso A&A Video Blog: Reference Rate Reform & Balance Sheet Classification of Debt

By |2019-09-17T18:12:17-04:00September 17th, 2019|Auditing & Accounting, Blogs, Business & Industry, Educate, Featured, Governmental, Regulatory|

Melisa Galasso talks about two big proposals just released from the Financial Accounting Standards Board. The first proposal relates to the movement away from LIBOR. As LIBOR has come [...]

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SC Jackpot! $50 Rebate Checks Expected to Reach Qualifying Taxpayers by December

By |2019-09-17T15:46:42-04:00September 17th, 2019|Featured, Governmental, Regulatory, Tax|

Thanks to the $61 million in tax dollars generated by the winning $1.5 billion 2018 Mega Millions ticket, South Carolina lawmakers determined the funds would go toward $50 rebate checks [...]

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SCDOR Releases its Tax Legislative Update for 2019

By |2019-09-11T11:19:04-04:00September 11th, 2019|Advocate, Blogs, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

What were the critical changes in South Carolina’s tax and regulatory laws enacted during the past legislative session? The state’s Department of Revenue has prepared a summary of these [...]

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Dorian’s Threat is Gone, but Keep in Mind These Steps About Future Tax Deadline Extensions

By |2019-09-10T10:17:53-04:00September 10th, 2019|Auditing & Accounting, Blogs, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

Now that South Carolina has finished enduring the immediate threat of Hurricane Dorian, many SCACPA members are contacting the Association in search of news about possible state and federal tax [...]

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Tax Preparedness Steps in Advance of a Hurricane or Other Disaster

By |2019-09-10T10:10:26-04:00September 10th, 2019|Blogs, Communicate, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

The South Carolina Association of CPAs wants our members to be aware that we monitor news and weather forecasts for projected hurricanes and other natural disasters for their possible effects [...]

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LLR is Conducting an Email Verification Drive in Advance of License Renewals

By |2019-09-04T11:30:20-04:00September 4th, 2019|Advocate, Governmental, Legislative/Advocacy, Membership, Regulatory|

SCACPA members should be aware that the Association has confirmed that the South Carolina Department of Labor, Licensing and Regulation is conducting an email verification drive in advance of license [...]

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Here’s Why You Need Six Hours of Ethics Classes This November 

By |2019-08-27T12:35:27-04:00August 23rd, 2019|Auditing & Accounting, Business & Industry, Educate, Featured, Membership, Regulatory, Tax, Technology|

SCACPA is presenting a day of six total hours of ethics training on Tuesday, Nov. 26.  With “Tax Practice Ethics,” you’ll avoid the headache of big mistakes discovered in IRS audits. That will [...]

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Hello? SC DOR Writes Public Draft About Charges on Your Phone Bill

By |2019-08-20T17:02:15-04:00August 20th, 2019|Advocate, Governmental, Legislative/Advocacy, Regulatory, Technology|

The South Carolina Department of Revenue has released a ruling that addresses the applicability of the sales and use tax to the Dual Party Relay Charge and the 911 Service [...]

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Meet the CPE Committee of 16, Creating ‘Just in Time’ Education by CPAs, for CPAs

By |2019-08-20T10:22:43-04:00August 19th, 2019|Auditing & Accounting, Business & Industry, Educate, Featured, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

The CPE Committee of 16 is essential in ensuring that SCACPA provides the continuing education that members want. The team is responsible for defining, documenting and identifying sessions and [...]

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SCDOR is Watching W-4 Developments, With Warnings About Over-Withholding

By |2019-07-31T08:52:35-04:00July 30th, 2019|Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory|

By the South Carolina Department of Revenue The South Carolina Department of Revenue’s tax withholding tables are scheduled once again to change this fall, but just when and how [...]

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Galasso A&A Video Blog: New State and Local Ethics Interpretations

By |2019-07-10T14:41:51-04:00July 10th, 2019|Auditing & Accounting, Blogs, Communicate, Educate, Featured, Membership Page Controls, Regulatory|

https://www.youtube.com/watch?v=Sg_AfW2qEUk The AICPA has issued a new interpretation related to the ethics code for state and local governments. This interpretation helps identify the entities related to a state [...]

View from the Dome: A Full Recap of the 2019 Legislative Session, With Tax Reform Proposals on the Way

By |2019-06-07T14:02:02-04:00June 7th, 2019|Advocate, Blogs, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, News Roundup, Public Relations, Regulatory|

View from the Dome – June 7, 2019 By Copper Dome Strategies, LLC  The first session of the 123rd General Assembly adjourned Sine Die on May 10, but the General Assembly returned [...]

Galasso A&A Video Blog: Subscription-Based Information Technology Arrangements

By |2019-06-05T10:41:56-04:00June 5th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Partners, Regulatory|

https://www.youtube.com/watch?v=RVugiIBId64 This blog addresses a new exposure draft issued by GASB relating to accounting and financial reporting for subscription-based information technology arrangements (SBITAs). Cloud computing arrangements and other hosting type [...]

View from the Dome: McMaster Vetoes State Budget Items Totaling $40.7M

By |2019-05-31T13:48:35-04:00May 31st, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 31, 2019 By Copper Dome Strategies, LLC Although the General Assembly has adjourned for the year (see the May 24 edition of View from the [...]

View from the Dome: General Assembly’s Extra Days Resolve Differences on State Budget, Carolina Panthers HQ Tax Incentives

By |2019-05-24T16:16:01-04:00May 24th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 24, 2019 By Copper Dome Strategies, LLC The General Assembly returned to Columbia this past Monday and Tuesday to complete unfinished business, including passage of [...]

View from the Dome: Legislation on Board of Accountancy Takes Effect Immediately

By |2019-05-17T14:14:39-04:00May 17th, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – May 17, 2019 By Copper Dome Strategies, LLC Although the General Assembly adjourned Sine Die on May 9, a Joint Resolution to allow work to continue past the [...]

Melisa Galasso Auditing Blog: Definition of Direct Care of Collection Items

By |2019-05-10T10:37:14-04:00May 10th, 2019|Auditing & Accounting, Blogs, Educate, Featured, Membership Page Controls, Partners, Regulatory|

https://www.youtube.com/watch?v=NKVUS0CLVfM   In March 2019, the FASB issued an Accounting Standards Update (ASU) changing the definition of a collection to allow proceeds of a sale of a collection item to be [...]

View from the Dome: Board of Accountancy Bill for Revised Reciprocity Advances to Senate

By |2019-04-29T12:17:58-04:00April 29th, 2019|Auditing & Accounting, Blogs, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – April 26, 2019 By Copper Dome Strategies, LLC The Senate spent the week in subcommittee and committee meetings in the morning and debated the [...]

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 [...]