The South Carolina Department of Revenue has announced an advisory opinion that updates SC Revenue Ruling #09-9 concerning when a retailer must remit a local jurisdiction’s Sales and Use Tax. [...]
Gov. Henry McMaster sent a letter to South Carolina’s congressional delegation on Thursday, requesting their continued support for his request for Federal disaster assistance for an expected $1.2 billion in [...]
The Securities and Exchange Commission announced Wednesday that it is providing regulatory relief to accountants, transfer agents, municipal advisors, publicly traded companies, investment companies, and others affected by Hurricane Florence where [...]
The South Carolina Department of Revenue announced on Tuesday that it will work on a case-by-case basis to waive any penalties assessed for taxpayers who cannot meet state filing [...]
The SC Department of Revenue has approved and issued its Advisory Opinion, Revenue Ruling 18-14: Retailers Without a Physical Presence (“Remote Sellers”) – Economic Nexus, on Tuesday, Sept. 18. It [...]
The push to enact Tax Conformity in South Carolina passed a significant milestone as the Senate Finance Subcommittee on Conformity unanimously adopted an amendment to a House bill on [...]
The IRS is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters, such as Hurricane [...]
South Carolina’s road to recovery from Hurricane and Tropical Storm Florence will be long, but SCACPA has been hard at work to secure assistance and relief for the state’s [...]
With mandatory evacuations along the South Carolina coast underway in anticipation of Hurricane Florence, SCACPA reached out early in the week to the SC DOR and the Governor’s Office to [...]
As Hurricane Florence advances, SCACPA is sharing the following preparedness advice from the IRS. In the coming days, South Carolina is projected to be affected by severe storms, flooding and [...]
The South Carolina Association of CPAs wants our members to be aware we are monitoring weather forecasts for Hurricane Florence and its possible effects on SCACPA functions and emergency [...]
COURSE TITLE: “Complete Coverage of 199A Regulations” REGISTER NOW: SMTX59 – In-Person | LITX59 – Livestream Lynn Nichols, CPA, host of SCACPA’s Federal Tax Update Podcast and presenter for [...]
SCACPA members who know they can depend on the Association for all-around CPE excellence now have an incredible opportunity to get specialized knowledge for their precise career needs. The [...]
Note: Read a summary about the Senate Finance Subcommittee on Conformity’s initial Aug. 8 meeting here. The Senate Finance Subcommittee on Conformity met for the second time on Wednesday morning, [...]
The IRS’s proposed regulations to explain and interpret Code Section 199A stemming from the Tax Cuts and Jobs Act were released on Wednesday, Aug. 8. Lynn Nichols, of the [...]
In the wake of the U.S. Supreme Court’s recent decision in South Dakota v. Wayfair, Inc., the South Carolina Department of Revenue has released three Public Drafts for public comment [...]
Note: Read about the Aug. 15 second meeting of the Senate Finance Subcommittee on Conformity that featured testimony from SCACPA Board Member and Treasurer Ken Newhouse here. The first [...]
By Thomas McCormick, CPA | SCACPA Member Since 2013 As time has passed since the enactment of the 2017 Tax Cuts and Jobs Act, tax professionals have noted mistakes in [...]
South Carolina’s annual Sales Tax Holiday begins at 12:01 a.m. on Friday, Aug. 3 and continues until midnight of Sunday, Aug. 5. A list of dozens of items, including back-to-school [...]
Owners and partners of smaller-sized CPA firms who are nearing retirement age often face two options on how to pass along their practice: a) make themselves attractive to be bought [...]
