The South Carolina Department of Revenue has issued guidance to draw attention to the situation that, as of this posting, unemployment benefits are taxable in South Carolina. The SC [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
As part of SCACPA’s dedication to Advocacy on behalf of the CPA Profession, here is your weekly update of actions being taken during the legislative session, prepared in cooperation [...]
As part of SCACPA’s commitment to Advocacy for the profession, we are continuously monitoring activity for you at the State House during the Legislative Session. That’s why we want [...]
Tax season just got longer again – but how much longer? CPAs should not be in a position of so much uncertainty in late March when the fate of [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
As part of SCACPA's dedication to Advocacy on behalf of the CPA Profession, here is your weekly update of actions being taken during the legislative session, prepared in cooperation with [...]
Soon there will be 16 counties on board with standardized online filing of PT-100 with SC Department of Revenue and here’s how you can take action to help your community [...]
By Copper Dome Strategies Friday, March 12, 2021 We have reached the halfway point in the legislative session with nine weeks completed and nine weeks remaining before May 13 [...]
The AICPA's Professional Ethics Executive Committee (PEEC) has issued an updated proposal around reporting noncompliance with laws and regulations (NOCLAR). Originally issued in 2017, PEEC has been trying to converge [...]
The AICPA has issued a very narrow proposal to add a new requirement for successor auditors to discuss suspected fraud and NOCLAR with predecessor auditors if granted permission by [...]
By Copper Dome Strategies Friday, March 5, 2021 The House Ways and Means Committee adopted its version of the state budget. The Senate spent time on the floor and [...]
The South Carolina Department of Revenue has issued many advisory opinions over the past year that clarify taxability on topics that have generated a high degree of discussion. The [...]
By Copper Dome Strategies Friday, Feb. 26, 2021 The Senate worked into the evening twice this week before approving a bond bill for port improvements and the COVID-19 Liability [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
By Copper Dome Strategies Friday, Feb. 19, 2021 After heated debate and a Democratic walkout, the House adopted the Fetal Heartbeat bill this week, which was signed into law [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
Many outdated areas are being updated, including mobility, education and CPA Exam requirements By David Knoble, CPA, CGMA | SCACPA Member since 2010 In addition to my role as [...]
The South Carolina Association of CPAs is proud to produce its annual “Tax Guide for Legislators,” which assists our representatives with their specific income tax implications of being a [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
SCACPA Advocacy: How to Talk to Legislators and Other Key People Best Practices for SCACPA Chapter Leaders and Members Getting to know your local legislators is critical as the [...]
Regarding the subject of partner “tax capital accounts.” It is a requirement for large partnerships in 2020 returns. Lynn Nichols, SCACPA’s advisor and speaker on Tax topics, believes that [...]
By Copper Dome Strategies Friday, Feb. 5, 2021 The General Assembly met in Joint Session on Wednesday for judicial elections. Gov. Henry McMaster announced that beginning Monday, Feb. 8, [...]
ASB has issued its second ASU of 2021 addressing a new practical expedient for revenue recognition. "ASU 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient," offers private [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to [...]
By Copper Dome Strategies Friday, Jan. 29, 2021 Both chambers engaged in the first significant floor debates of the new session, with the House passing legislation authorizing the sale and [...]
The World Economic Forum released its 2020 Future of Jobs Report, which looks at the impact of technology on the job market. The report addresses the impact of COVID, a [...]
Revenue Ruling 21-2: Internal Revenue Code Section 163(j) This advisory opinion from the South Carolina Department of Revenue provides South Carolina’s tax treatment of a limitation on business interest [...]