Tax

It’s Individual Income Tax Season – Do You Need Clarification on What’s Taxable? Here is a List of Advisory Opinions

By |2021-02-26T18:16:25-05:00February 26th, 2021|COVID-19, Featured, Governmental, Regulatory, Tax|

The South Carolina Department of Revenue has issued many advisory opinions over the past year that clarify taxability on topics that have generated a high degree of discussion. The [...]

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View From the Dome (Feb. 26, 2021): Senate Approves “COVID-19 Liability Safe Harbor Act,” Bill Now Heads to House

By |2021-02-26T14:39:36-05:00February 26th, 2021|Advocate, COVID-19, Governmental, Legislative/Advocacy, Regulatory, Tax|

By Copper Dome Strategies Friday, Feb. 26, 2021 The Senate worked into the evening twice this week before approving a bond bill for port improvements and the COVID-19 Liability [...]

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AICPA Statement: Further Relief and Deadline Certainty Needed This Tax Season from IRS

By |2021-02-24T17:02:07-05:00February 24th, 2021|Advocate, COVID-19, Featured, Governmental, Legislative/Advocacy, Partners, Tax|

Note: SCACPA wants all our members to know we understand the importance of certainty for taxpayers and tax practitioners regarding due dates. We are sharing with you the following AICPA [...]

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Lynn Nichols Federal Tax Update (Week of Feb. 22, 2021): Expert Consensus on Tax Opinions Standards

By |2021-02-24T13:39:57-05:00February 24th, 2021|Educate, Featured, Governmental, Regulatory, Tax|

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 [...]

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View From the Dome (Feb. 19, 2021): Senate Sets Priority on COVID-19 Liability Safe Harbor Act as its Debate Continues

By |2021-02-26T13:33:00-05:00February 19th, 2021|Advocate, COVID-19, Governmental, Legislative/Advocacy, Regulatory, Tax|

By Copper Dome Strategies Friday, Feb. 19, 2021 After heated debate and a Democratic walkout, the House adopted the Fetal Heartbeat bill this week, which was signed into law [...]

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Lynn Nichols Federal Tax Update (Week of Feb. 15, 2021): Form 7202 for Self-Employed to Claim COVID Tax Credits

By |2021-02-19T09:56:23-05:00February 19th, 2021|COVID-19, Educate, Featured, Regulatory, Tax|

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 [...]

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‘Demystifying Finance’ with David Peters: Basic Taxation, Part 2

By |2021-02-18T01:52:22-05:00February 18th, 2021|Business & Industry, Communicate, Tax|

David Peters, in addition to being SCACPA’s advisor on B&I topics, is an acclaimed and in-demand educator about the financial industry. As a featured speaker for SCACPA, an adjunct [...]

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View From the Dome (Feb. 12): Senate to Consider Personal Finance Courses Requirement to Replace Economics Classes for High Schoolers

By |2021-02-19T09:51:53-05:00February 12th, 2021|Advocate, COVID-19, Governmental, Legislative/Advocacy, Tax|

By Copper Dome Strategies Friday, Feb. 12, 2021 The House Judiciary Committee met into the evening on Tuesday and adopted the Fetal Heartbeat bill. The Senate approved a measure [...]

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SCACPA’s Annual Legislator’s Tax Guide is Here, Along with Helpful Regulatory Websites

By |2021-02-22T16:51:49-05:00February 10th, 2021|Advocate, Blogs, Governmental, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory, Tax|

The South Carolina Association of CPAs is proud to produce its annual “Tax Guide for Legislators,” which assists our representatives with their specific income tax implications of being a [...]

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The SCDOR is Offering FREE Livestream CPE Tax Courses Now Through June, Don’t Miss Out

By |2021-02-15T11:20:45-05:00February 10th, 2021|Blogs, Educate, Featured, Tax|

SCACPA is proud to be a long-time partner with the SC Department of Revenue in promoting the SCDOR’s high-quality CPE learning. As the SCDOR continues to offer its 2021 [...]

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Lynn Nichols Federal Tax Update (Feb. 8, 2021): Partner’s “Tax Capital” Calculation

By |2021-02-11T14:24:43-05:00February 10th, 2021|COVID-19, Educate, Governmental, Regulatory, Tax|

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 [...]

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Partnership Tax Basis Capital Accounts – An Explanation from Lynn Nichols

By |2021-02-19T09:56:53-05:00February 9th, 2021|Educate, Regulatory, Tax|

Regarding the subject of partner “tax capital accounts.” It is a requirement for large partnerships in 2020 returns. Lynn Nichols, SCACPA’s advisor and speaker on Tax topics, believes that [...]

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View From the Dome (Feb. 5, 2021): Senate Nears Approval of $200M from Reserve Fund for Vaccine Distribution

By |2021-02-12T16:43:52-05:00February 5th, 2021|Advocate, Governmental, Legislative/Advocacy, Regulatory, Tax|

By Copper Dome Strategies Friday, Feb. 5, 2021 The General Assembly met in Joint Session on Wednesday for judicial elections. Gov. Henry McMaster announced that beginning Monday, Feb. 8, [...]

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Online Tools & Resources Await: Starting with Connect by SCACPA

By |2021-02-11T23:21:01-05:00February 4th, 2021|Auditing & Accounting, Blogs, Business & Industry, Connect, Featured, Governmental, Membership, Membership Page Controls, Tax|

As a CPA, you know a lot. But, in today’s changing environment, there are a lot of subjects where you probably have a fair share of questions. That’s why [...]

For Second Year in a Row, Forbes Names Bauknight Pietras & Stormer Among Top U.S. Tax and Accounting Firms

By |2021-02-05T16:00:31-05:00February 4th, 2021|Auditing & Accounting, Connect, Membership, Public Relations, Tax|

Forbes has named Columbia-based CPA firm Bauknight Pietras & Stormer to its annual “Top Accounting Firms in America” list for the second year in a row. BPS was honored [...]

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‘Demystifying Finance’ with David Peters: Basic Taxation

By |2021-02-09T10:32:37-05:00February 3rd, 2021|Business & Industry, Communicate, Tax|

David Peters, in addition to being SCACPA’s advisor on B&I topics, is an acclaimed and in-demand educator about the financial industry. As a featured speaker for SCACPA, an adjunct [...]

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Lynn Nichols Federal Tax Update (Week of Feb. 1, 2021): Employment Tax Credit Guidance

By |2021-02-09T10:33:34-05:00February 1st, 2021|Educate, Governmental, Regulatory, Tax|

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 [...]

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View From the Dome (Jan. 29, 2021): DOR Tells Economic Development Subcommittee That SC’s Tax Revenues are Strong

By |2021-02-05T14:57:28-05:00January 29th, 2021|Advocate, COVID-19, Governmental, Legislative/Advocacy, Regulatory, Tax|

By Copper Dome Strategies Friday, Jan. 29, 2021 Both chambers engaged in the first significant floor debates of the new session, with the House passing legislation authorizing the sale and [...]

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DOR Releases Revenue Ruling on IRC Section 163(j)

By |2021-02-12T17:12:43-05:00January 27th, 2021|Advocate, COVID-19, Governmental, Legislative/Advocacy, Regulatory, Tax|

Revenue Ruling 21-2: Internal Revenue Code Section 163(j) This advisory opinion from the South Carolina Department of Revenue provides South Carolina’s tax treatment of a limitation on business interest [...]

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Lynn Nichols Federal Tax Update (Week of Jan. 25, 2021): Exxon and “Reasonable Basis”

By |2021-02-01T16:22:18-05:00January 26th, 2021|Educate, Governmental, Regulatory, Tax|

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 [...]

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