The IRS is urging taxpayers to review their 2019 tax withholding using the IRS Withholding Calculator and make any changes with their employer as soon as possible. Checking withholding is a good idea every [...]
As South Carolina consumers and retailers prepare for August’s annual Sales Tax Holiday, the state Department of Revenue has submitted a Public Draft for comment that features a list of eligible items and [...]
View from the Dome – May 31, 2019 By Copper Dome Strategies, LLC Although the General Assembly has adjourned for the year (see the May 24 edition of View from the [...]
Proposed Accounting Standards Update – Income Taxes (740): Simplifying the Accounting for Income Taxes https://www.youtube.com/watch?v=_c1nWiM4iuM&list=PLBdVSCKuftJi5iumCKAwHFi0HDcpOBDmj&index=3 As part of its Simplification Initiative, FASB has issued an Exposure Draft proposing changes to ASC [...]
View from the Dome – May 24, 2019 By Copper Dome Strategies, LLC The General Assembly returned to Columbia this past Monday and Tuesday to complete unfinished business, including passage of [...]
View from the Dome – May 17, 2019 By Copper Dome Strategies, LLC Although the General Assembly adjourned Sine Die on May 9, a Joint Resolution to allow work to continue past the [...]
In just one week, CPAs from across the state and beyond will gather together in Charleston, S.C., for an event that will be long-remembered: SCACPA’s Spring Splash 2019. As a [...]
The South Carolina House Tax Policy Review Committee introduced its sales tax proposal on Thursday, May 2. It was read for the first time and referred to the Ways [...]
Imagine a place where you have the opportunity to network with over 200 of your peers—peers who can help provide a fresh perspective to your industry and who can [...]
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 [...]
View from the Dome – April 26, 2019 By Copper Dome Strategies, LLC The Senate spent the week in subcommittee and committee meetings in the morning and debated the [...]
View from the Dome – April 19, 2019 By Copper Dome Strategies, LLC The Senate passed its version of the state budget Thursday night after two days of debate. The [...]
View from the Dome – April 12, 2019 By Copper Dome Strategies, LLC Both chambers spent considerable time on the floor amid efforts to move bills to the other chamber [...]
With a few days remaining before the 2019 federal tax-filing deadline, demand for IRS tax help by phone is peaking. The IRS encourages taxpayers to make IRS.gov their first [...]
The SC Department of Revenue has issued an advisory opinion to inform taxpayers that a proposed Treasury Regulation might have an impact on South Carolina taxpayers’ charitable contribution deductions [...]
View from the Dome – April 5, 2019 By Copper Dome Strategies, LLC Both chambers worked their calendars to get as many bills in position to meet next week's [...]
The South Carolina Department of Revenue has announced that the latest South Carolina per capita income figure is $42,736 in its Information Letter dated April 3, 2019. The purpose [...]
View from the Dome – March 29, 2019 By Copper Dome Strategies, LLC The session is two-thirds completed (12 weeks down and 6 weeks remaining until the May 9 adjournment). [...]
The South Carolina Department of Revenue has issued a reminder that the following local tax changes go into effect May 1: Georgetown (County Code 1022) Local Tax Change: 1% [...]
Gov. Henry McMaster signed South Carolina’s annual tax Conformity legislation into law on Thursday, March 28. H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis) had been ratified by the [...]
