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 [...]
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 Association for Certified Fraud Examiners biennially releases its “Report to the Nations.” The 2020 version provides insight into the types of fraud that were most common, who perpetrated [...]
The future of online security and trust for the CPA profession is arriving with the rollout of the domain of .cpa. As the Oct. 31 deadline approaches for firms [...]
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 CPE Committee of 16 is essential in ensuring that SCACPA provides the continuing education that members want. The team is responsible for defining, documenting and identifying sessions and [...]
The AICPA's Professional Ethics Executive Committee (PEEC) is re-proposing an interpretation for staff augmentation. This proposal would further limit the ability of firms to offer staff augmentation services. The proposal [...]
By Copper Dome Strategies Friday, Oct. 16, 2020 With no plans for the General Assembly to return to Columbia, this will be the final weekly report until after November’s [...]
Save time. Save tax dollars. Go direct. Encourage your customers to choose direct deposit. A message from the South Carolina Department of Revenue The fastest, most secure Individual Income Tax [...]
McGriff Insurance Special Alert: Watch for IRS Notices 972CG Note: The following is based on an IRS compliance alert from SCACPA partner McGriff Insurance concerning the Affordable Care Act: [...]
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, Oct. 9, 2020 Several court decisions impact the November elections and federal CARES Act funds. The Joint Bond Review Committee (JBRC) received an update [...]
The South Carolina Department of Revenue announced a new Sales Tax filing option for businesses with multiple locations – the Consolidated Sales Tax Return. The Consolidated Sales Tax Return [...]
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, Oct. 2, 2020 Gov. Henry McMaster signed a number of bills into law that were passed and ratified by the General Assembly. The General [...]
When the Senate passed bill S.545 during special session on Tuesday, Sept. 22, it represented three wins for the SCACPA Advocacy Team over this incredibly difficult year. The bill [...]
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, Sept. 25, 2020 The General Assembly completed a special two-week legislative session and does not have plans to return until January. In addition to [...]
If you thought we were done with Revenue Recognition and Topic 606, you would definitely be surprised to hear that the Financial Accounting Standards Board (FASB) issued an exposure [...]
By Copper Dome Strategies Friday, Sept. 18, 2020 The General Assembly returned to Columbia to begin a special two-week legislative session. The Senate passed its version of the FY20-21 [...]
The AICPA has issued a Technical Q&A titled “Accounting for Lease Components in Type A Life Care Contracts by Continuing Care Retirement Communities.” Issued in August, the TQA addresses [...]
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 [...]
UPDATE: The South Carolina Board of Accountancy has released its announcement on this development. It is re-printed at the bottom of this post. The BOA's announcement includes a reminder [...]
By Copper Dome Strategies Friday, Sept. 11, 2020 The Senate Finance Committee passed its version of the FY20-21 state budget and authorization for the remaining CARES Act funds. The [...]
Cryptocurrency is becoming a more recognized transaction with more entities participating in this ecosystem. The AICPA has issued nonauthoritative guidance on accounting and auditing digital assets. FASB does not [...]
The AICPA has issued a proposed SAS to clarify and improve the risk assessment standards. For the past few years, the AICPA has focused its audit quality initiatives on [...]
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, Sept. 4, 2020 The Senate returned to session Wednesday to address voting laws and began committee hearings on the state budget. The Attorney General [...]
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, Aug. 28, 2020 Gov. Henry McMaster announced that the state of South Carolina submitted its grant application for FEMA's Lost Wages Assistance (LWA) program. [...]