As promised at their meeting early this week, the Financial Accounting Standards Board has issued a staff Q&A addressing how lease concessions related to COVID-19 should be treated from [...]
Keep up with all SCACPA updates specific to the COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The IRS released Notice 2020-23 on Thursday, April 9, to extend more tax deadlines for individuals [...]
By Copper Dome Strategies Friday, April 10, 2020 The General Assembly returned to Columbia on Wednesday for a one-day session but left without a plan to keep the government [...]
Keep up with all SCACPA updates specific to the COVID-19 situation at www.scacpa.org/covid-19-response-and-resources SCACPA hears your frustration around providing services to your small business clients as they apply for Paycheck [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The first quarter of 2020 started much like any other year’s first quarter. Obviously, it didn’t [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources South Carolina’s Board of Economic Advisors presented data on Thursday afternoon that show state tax revenue [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The second week of April definitely had major impacts on standard setting. The Not-For-Profit Advisory Committee [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources At SCACPA, we hear the frustrations of CPAs throughout South Carolina. We share those frustrations about [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources SCACPA wants to thank our members for taking advantage of the forums of SCACPA Connect, our [...]
Source: South Carolina Chamber of Commerce Gov. Henry McMaster announced Monday afternoon he had issued Executive Order 2020-21, putting a mandatory “Home-or-Work Order” in place beginning Tuesday, April 7, [...]
COVID-19 Tax Law Developments: Tax Effects of Coronavirus (COVID‐19) and CARES Act (Livestream codes LITX41 and LITX42) Dates and Times: Register for Livestream LITX41 on Wednesday, April 8 (9 [...]
By Copper Dome Strategies Friday, April 3, 2020 The General Assembly will briefly return to session in Columbia for one day next week. Gov. Henry McMaster closed all public [...]
SCACPA knows that many CPAs are analyzing the rules of the Treasury Department’s Paycheck Protection Program application. While there are many ways you can help your small business clients, [...]
The Department of Treasury has released the Paycheck Protection Program application and supplemental information, all available on their website. The AICPA is providing a page on "SBA Paycheck Protection [...]
UPDATE (March 31): The IRS released a DRAFT form and DRAFT instructions for IRS Form 7200 for employers to use to request advanced payroll tax credits for providing employees [...]
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 [...]
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 [...]
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 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 [...]
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 [...]