SCDOR Has Tax Tips for Many of Your Clients

By |2022-03-17T14:48:34-04:00March 17th, 2022|Tax|

Submitted by South Carolina Department of Revenue No matter who your clients are, the South Carolina Department of Revenue (SCDOR) has tax tips to help guide taxpayers wherever they [...]

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SCATE Card: What You Need to Know

By |2022-03-21T09:07:46-04:00March 15th, 2022|Tax|

Submitted by the South Carolina Department of Revenue If you have clients who buy or sell exempt agricultural products, learn more about the SCATE card. In February, the South [...]

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Label Doesn’t Determine Rental Self-Employment Tax Exclusion and 4 more topics! Nichols’ Tax Update, Issue 22-1

By |2022-01-24T11:09:36-05:00January 24th, 2022|Educate, Featured, Regulatory, Tax|

Nichols' Tax Update, Issue 22-1 Label Doesn’t Determine Rental Self-Employment Tax Exclusion In a legal memorandum, the IRS concluded that the definition of rental activity from section 469 doesn’t [...]

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Insurance Company Seeks Rescission of Malpractice Policies and 6 more topics! Nichols’ Tax Update, Issue 21-51

By |2022-01-24T11:10:24-05:00January 18th, 2022|Educate, Regulatory, Tax|

Nichols' Tax Update, Issue 21-51 IRS Announces Standard Mileage Rates for 2022 The IRS has announced   the optional standard mileage rates used in computing the deductible costs paid or [...]

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Evolving Remote Workforce Brings Uncertainty, Practitioners Say and 9 more topics! Nichols’ Tax Update, Issue 21-50

By |2022-01-18T09:15:18-05:00January 10th, 2022|Educate, Regulatory, Tax|

Nichols' Tax Update, Issue 21-50 Fact Sheet Updates FAQs on Recovery Rebate Credit The IRS has issued a fact sheet (FS-2021-17) updating its list of frequently asked questions on [...]

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Guidance Implements Termination of Employee Retention Credit and 4 more topics! Nichols’ Tax Update, Issue 21-49

By |2022-01-10T09:43:56-05:00January 3rd, 2022|Educate, Regulatory, Tax|

Nichols' Tax Update, Issue 21-49 IRS Advises on Calculating Imputed Underpayments of Partnerships In emailed advice, the IRS advised on whether adjustments to partnership-related items are included in the [...]

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IRS Clarifies Accounting and Reporting of Forgiven PPP Loans and 7 more topics! Nichols’ Tax Update, Issue 21-47

By |2021-12-20T10:46:16-05:00December 10th, 2021|Educate, Regulatory, Tax|

Updates Near for Fixing Obsolete Professional Conduct Rules Treasury is reviewing draft revisions to Circular 230 that are said to provide changes for unenforceable provisions and clarify sections that [...]

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