SC’s 2021 Legislative Session is Here, so Look to SCACPA’s ‘The View from the Dome’ for State House Developments on Tax Issues

By |2021-01-22T15:17:07-05:00January 20th, 2021|Advocate, Blogs, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory, Tax|

South Carolina’s 2021 legislative session is here. Important debate and decisions on tax legislation will be underway at the State House. That means SCACPA’s “The View from the Dome” [...]

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Galasso Learning Solutions: Goodwill Impairment Proposal

By |2021-01-19T12:44:35-05:00January 19th, 2021|Auditing & Accounting, Educate, Regulatory|

FASB has issued a proposal to adjust the timing for when private entities and nonprofits would be required to identify triggering events for goodwill impairment. After initially identified by the [...]

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Galasso Learning Solutions: SSAE 22

By |2021-01-15T18:12:37-05:00January 15th, 2021|Auditing & Accounting, Educate, Governmental, Regulatory|

AICPA's Auditing Standards Board (ASB) issued SSAE 22, Review Engagements, completing the update of the attestation standards. SSAE 19 modernized AUPs, SSAE 21 modernized examinations, and now SSAE 22 will [...]

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View From the Dome (Jan. 15): McMaster Delivers State of the State, Recommends $123M More for Small Business Grants

By |2021-01-22T15:17:18-05:00January 15th, 2021|Advocate, Blogs, COVID-19, Governmental, Legislative/Advocacy, Membership Page Controls, Public Relations, Regulatory, Tax|

By Copper Dome Strategies Friday, Jan. 15, 2021 The first session of the 124th General Assembly convened at noon on Tuesday. The General Assembly is operating under COVID-19 protocols and [...]

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Be Prepared for PPP2 With Tools and News to Help Assist Clients; PPP Application Dates Announced

By |2021-02-15T11:19:02-05:00January 15th, 2021|COVID-19, Educate, Legislative/Advocacy, Regulatory, Tax, Technology|

UPDATE: The application window for Paycheck Protection Program (PPP) forgivable loans opens Friday, Jan. 15, for lenders with $1 billion or less in assets, the US Small Business Administration [...]

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Galasso Learning Solutions: ASU 2021-01 – Reference Rate Reform (Topic 848): Scope

By |2021-01-19T12:58:26-05:00January 14th, 2021|Auditing & Accounting, Educate, Regulatory|

The Financial Accounting Standards Board (FASB) has issued its clarification to ASU 2020-04 for Reference Rate reform. The first ASU of 2021 focuses on the scope of the practical expedients [...]

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Galasso Learning Solutions: 2020 Year in Review

By |2021-01-19T12:44:06-05:00January 14th, 2021|Auditing & Accounting, COVID-19, Educate, Governmental, Regulatory|

Galasso Learning Solutions is kicking off 2021 with our annual year in review. This episode focuses on the standards issued in 2020 by the AICPA, FASB and GASB. It provides [...]

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Lynn Nichols Federal Tax Update (COVID-Related Tax Relief Act of 2020): What’s in The Bill?

By |2021-01-22T00:31:42-05:00January 14th, 2021|COVID-19, Educate, Featured, Governmental, Membership, Regulatory, Tax|

Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. The COVID-Related Tax Relief Act of 2020 is here, and the checks are in the mail. Join Lynn [...]

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Surgent’s On-Demand Self-Study Offers SCACPA Members the Specific CPE You Need With More than 230 Courses

By |2021-01-19T16:56:39-05:00January 14th, 2021|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Partners, Public Relations, Regulatory, Tax, Technology|

SCACPA is excited to continue partnering with Surgent CPE for on-demand self-study in the 2020-21 membership year. Association members can depend on this incredible opportunity to get specialized knowledge [...]

Lynn Nichols Federal Tax Update (Jan. 11, 2021): Insurance Premium Not a Deductible ‘Tax’

By |2021-01-19T12:58:45-05:00January 13th, 2021|COVID-19, Educate, Governmental, Regulatory, Tax|

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 provide [...]

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A Message from the SC Department of Employment and Workforce: Your Responses to DEW Questions Help Control Costs of Doing Business

By |2021-01-11T14:33:30-05:00January 11th, 2021|Business & Industry, Communicate, Featured, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax, Technology|

The South Carolina Department of Employment and Workforce offers this guidance for providing a prompt response to four types of interactions: Unemployment Insurance Taxes are a Necessary Cost of Doing [...]

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Lynn Nichols Federal Tax Update (Dec. 28): IRS Practice Units for Partnership Liabilities

By |2021-01-13T20:12:52-05:00January 4th, 2021|Educate, Governmental, Membership, Regulatory, Tax|

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 [...]

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Your Answers for the RAP Index Survey Will Strengthen SCACPA Advocacy

By |2020-12-23T14:02:31-05:00December 23rd, 2020|Advocate, Featured, Governmental, Legislative/Advocacy, Membership, Public Relations, Regulatory|

SCACPA is the only organization looking out for the CPA profession in South Carolina. You know you can rely on the Association to advocate for you at the state [...]

View From the Dome (Dec. 18, 2020): Get a First Look at Pre-Filed Tax Legislation of Interest for 2021 Legislative Session

By |2020-12-18T13:58:56-05:00December 18th, 2020|Advocate, COVID-19, Featured, Governmental, Legislative/Advocacy, Public Relations, Regulatory, Tax|

By Copper Dome Strategies Friday, Dec. 18, 2020 The Senate and House of Representatives pre-filed 981 bills in advance of the 2021 legislative session. Below is a list of legislation [...]

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Nichols Federal Tax Update (Dec. 14): Professional Corporation as Part of Affiliated Group

By |2020-12-21T13:11:06-05:00December 14th, 2020|Blogs, Educate, Governmental, Membership, Regulatory|

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 provide [...]

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Galasso Learning Solutions: Updates to Virtual Currency Guidance

By |2020-12-10T23:14:50-05:00December 10th, 2020|Auditing & Accounting, Regulatory|

The AICPA has updated its Practice Aid on Accounting for and auditing of digital assets to address more niche Codification topics. The update includes discussion of accounting for broker dealers [...]

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Lynn Nichols Federal Tax Update (Dec. 1): Thoughts on the Upcoming 2021 Tax Season

By |2020-12-10T13:35:45-05:00December 3rd, 2020|COVID-19, Educate, Regulatory, Tax|

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 [...]

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Galasso Learning Solutions: GASB Implementation Guidance Update 2021

By |2020-12-03T14:18:15-05:00December 3rd, 2020|Auditing & Accounting, Educate, Regulatory|

Let’s look at the recently proposed GASB Implementation Guide for 2021. It provides questions and answers on topics ranging from derivative instruments and fiduciary activities to leases and nonexchange transactions. [...]

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LLR 2021 License Renewal Notices are Arriving in Your Inbox

By |2020-12-21T13:13:00-05:00December 1st, 2020|Auditing & Accounting, Blogs, Business & Industry, Communicate, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Partners, Public Relations, Regulatory, Technology|

The South Carolina Association of CPAs is sending an advisory to its members that the South Carolina Department of Labor, Licensing and Regulation has begun issuing courtesy notice email [...]

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Nichols Federal Tax Update (Nov. 23): IRS Addresses Deductibility of Expenses Paid with PPP Loans

By |2020-11-30T13:14:59-05:00November 23rd, 2020|COVID-19, Educate, Governmental, Regulatory, Tax|

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 [...]

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