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Supply-Side Economics Guru Laffer Urges SC House Tax Policy Review Committee to Flatten Outdated Tax Structure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 [...]

Please Review This Important DOR Revenue Ruling About State Tax Addback Calculations

By |2019-03-21T14:02:09-04:00March 21st, 2019|Auditing & Accounting, Featured, Governmental, Regulatory, Tax|

SCACPA wants to make CPAs and tax practitioners aware that the South Carolina Department of Revenue has released a four-page Revenue Ruling concerning the new ways to calculate state [...]

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 [...]

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 [...]

View from the Dome: House Tax Policy Review Committee Knows Solutions Must Address Property Taxes, Education Funding

By |2019-03-01T12:19:22-04:00March 1st, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – March 1, 2019 By Copper Dome Strategies, LLC The debate over comprehensive education reform continued in both bodies. The Chief Justice of the State Supreme [...]

Occupational Licensure Reform: A Battle Worth Having

By |2019-04-09T14:33:58-04:00February 22nd, 2019|Advocate, Business & Industry, Featured, Governmental, Grow, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory|

Your association recognizes that the continued push for Occupational Reform is a significant risk to the profession. The topic of reform is trending for proponents who question how much [...]

View from the Dome: House Ways and Means Committee Prioritizes Education, Workforce Development in its 2019-20 State Budget

By |2019-02-22T13:02:58-04:00February 22nd, 2019|Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – Feb. 22, 2019 By Copper Dome Strategies, LLC Six weeks have been completed and 12 weeks remain in the first year of the two-year legislative [...]

SC House Tax Policy Review Committee Eyes 4.5% State Income Tax Plan

By |2019-02-22T11:21:11-04:00February 22nd, 2019|Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

Committee Chairman Tommy Pope (R-York) began Thursday’s meeting of the South Carolina Tax Policy Review Committee by telling members his goal is find consensus to send a “working template” to [...]

View from the Dome: Debate Continues over Comprehensive Education Reform

By |2019-02-15T11:30:45-04:00February 15th, 2019|Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – Feb. 15, 2019 By Copper Dome Strategies, LLC The debate over comprehensive education reform continued in both [...]

Don’t Leave Your Firm’s Culture to Chance: INSIDE Public Accounting Launches New Assessment Survey to Benchmark Behaviors and Attitudes

By |2019-04-09T14:35:42-04:00February 12th, 2019|Auditing & Accounting, Business & Industry, Grow, Membership, Membership Page Controls, Public Relations, Regulatory, Tax, Technology|

INSIDE Public Accounting, the accounting profession’s benchmarking specialist, is offering a new tool to help partners better understand your firm’s culture – and how to improve it. IPA’s first [...]

Busy Season Busy Signals: Day After Presidents Day is IRS’s Busiest Phone Call Day

By |2019-04-09T14:50:55-04:00February 11th, 2019|Auditing & Accounting, Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax, Technology|

The IRS receives more phone calls on the day after Presidents Day than on any other day of the year. “Given the high call volumes at this time of the [...]

View from the Dome: ‘Road Map for Tax Reform’ Under Consideration; Santee Cooper Study Committee Sorts Out Purchase Bids

By |2019-02-08T13:44:39-04:00February 8th, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – Feb. 8, 2019 By Copper Dome Strategies, LLC Major education reform legislation continued debated in two separate subcommittees in the House and Senate. The [...]

IRS: Don’t Fall Victim to ‘Ghost’ Tax Return Preparer

By |2019-02-07T16:46:43-04:00February 7th, 2019|Auditing & Accounting, Business & Industry, Governmental, Public Relations, Regulatory, Tax, Technology|

The IRS is warning taxpayers to avoid unethical tax return preparers, known as ‘ghost preparers.’ By law, anyone who is paid to prepare or assist in preparing federal tax returns [...]

House Tax Policy Review Committee Presented with Tax Foundation’s ‘Road Map’ for SC Tax Reform

By |2019-02-07T15:03:48-04:00February 7th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The SC House Tax Policy Review Committee heard a presentation from Jared Walczak of the Tax Foundation on Thursday, Feb. 7, titled, “South Carolina: A Road Map for Tax [...]