This past week found our regulatory agencies working hard to address COVID-19. OMB expanded its administrative relief to entities impacted operationally by current conditions The AICPA provided guidance on [...]
SCACPA understands that many members have questions and concerns regarding the mass filing for unemployment benefits via the online portals of the SC Department of Employment and Workforce. While [...]
By Copper Dome Strategies Friday, March 27, 2020 The General Assembly has postponed the legislative session until further notice. South Carolina's public schools will remain closed through the month of [...]
SCACPA wishes to thank Gov. Henry McMaster and the South Carolina Department of Revenue for their outstanding leadership as we navigate a crisis that none of us have experienced before. [...]
By Copper Dome Strategies Friday, March 20, 2020 The House and Senate returned to Columbia briefly this past week to approve emergency funding in response to the Coronavirus. The [...]
Note: The following is a letter from SCACPA CEO Chris Jenkins to South Carolina Governor Henry McMaster with a request to define accounting services as an essential service in the [...]
The U.S. Office of Management and Budget has issued administrative relief for those who receive federal financial assistance that is DIRECTLY RELATED to COVID-19. The Governmental Audit Quality Center [...]
By Copper Dome Strategies Friday, March 13, 2020 We are now at the halfway point in the legislative session with nine weeks completed and nine weeks remaining. The House of [...]
GASB has issued an exposure draft that will address implementation issues in GASB 84 and component units while also addressing accounting and financial reporting for Section 457 plans. This [...]
WHEN: Thursday and Friday, May 14-15 WHERE: Spartanburg Marriott, 299 North Church Street, Spartanburg 29306 REGISTER: www.scacpa.org/spring-splash or call 803.791.4181 Enjoy a change of scenery at the end of [...]
Are there tax-related issues you'd like to talk about? It's time to join the SCACPA Connect conversation. You might have noticed activity on what will soon be the go-to [...]
By Copper Dome Strategies Friday, March 6, 2020 Once again, the future of state-owned utility Santee Cooper was front and center as both the House and Senate committees continued [...]
GASB has issued an exposure draft to update the Conceptual Framework for Note Disclosures. The exposure draft describes the types of information that should be disclosed in notes and [...]
By Copper Dome Strategies Friday, Feb. 28, 2020 The future of state-owned utility Santee Cooper was front and center this week as both the House and Senate held hearings [...]
By Copper Dome Strategies Friday, Feb. 21, 2020 The potential sale of state-owned utility Santee Cooper has taken center stage at the State House, with hearings occurring through the week [...]
The South Carolina Association of CPAs is excited to announce it is now an IRS-approved provider for our Tax continuing education courses. For Enrolled Agents and non-CPAs in and [...]
By Copper Dome Strategies Friday, Feb. 14, 2020 The long-awaited recommendation on the future of state-owned utility Santee Cooper has been released. The Senate went late into the night [...]
FASB has issued a proposed Auditing Standards Update titled “Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.” Gifts in kind have received a lot of attention for [...]
The AICPA has issued a Statement of Position to address when a practitioner reports under the new 2020 GIPS standards. As the standards were updated, effective Jan. 1, 2020, [...]
The following information was contained in the February 2020 IRS News for Tax Professionals newsletter. Click on the headline links to read the full article. For questions or more [...]
