The IRS is offering a free, 100-minute webinar “Highlights of Tax Changes from a Tax Forms Perspective” on Tuesday, Feb.2, at 2 p.m. It is open for all, with an [...]
In 2019, the AICPA issued a consultation paper for feedback on the projects Professional Ethics Executive Committee should address. After evaluating feedback, PEEC has issued its Strategy and Work Plan [...]
By Copper Dome Strategies Friday, Jan. 22, 2021 The House of Representatives did not meet in session this week due to the pandemic and security concerns but did conduct [...]
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” [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
The AICPA has rolled out a Toolkit to Assist Firms in identifying affiliates under the new ET Section 1.224.020. In June 2019, the PEEC rolled out a new definition [...]
The South Carolina Board of Accountancy wants you to know it remains open for business! The BOA is actively reviewing applications to sit for the CPA Exam as well [...]
Manage SCDOR Property Tax accounts with ease on MyDORWAY Using MyDORWAY is already the best way to manage South Carolina tax accounts for you and your clients, including SCDOR Property [...]
This is a continuation on the adaptation of COVID delays. Issued: November 2020 What questions do you have? Send your questions to melisa@galassolearningsolutions.com Tune in to the Galasso Learning [...]
The AICPA's Auditing Standards Board has issued proposed targeted improvements to guidance on the use of specialists and external pricing sources. The proposal incorporates some PCAOB guidance and provides additional [...]
SCACPA’s flagship event, Virtual Fall Fest 2020, is here! To find your online session, go to our Welcome Page at www.scacpa.org/classroom. We’re adopting and innovating so you can earn [...]
This installment of the Genuine Learning Blog includes two proposals from the FASB. One proposed ASU addresses three implementation issues identified in implementation of ASU 2016-02, Leases. The other proposal [...]
South Carolina stands out with its particular rules for journeying CPAs; and don’t forget your obligations in your former home By David R. Peters, CPA | SCACPA Member Since [...]