Get Ready for 2019 with the SC Department of Revenue
With 2019 fast approaching, here are some end-of-year updates from the South Carolina Department of Revenue: New SCDOR PO boxes and ZIP+4 addresses are now on most SCDOR forms [...]
BOA’s Proposed Regulations Include Education, Licensure Requirements
Here are the South Carolina Board of Accountancy’s proposed regulation amendments for the State Code, as published Oct. 26, 2018: Document No. 4845 DEPARTMENT OF LABOR, LICENSING AND REGULATION [...]
AICPA Offers Resources for Congressional Responses to Wayfair
The AICPA State Legislation Team and the AICPA Tax Advocacy Team have put together resources on the Supreme Court’s Wayfair decision, especially as congressional efforts to respond to Wayfair have [...]
SCACPA is “Educating the Educators” on Financial Literacy
If high school and college-aged students could choose the one educational course that would most benefit their future, it would be one focused on money management. That’s according to [...]
AICPA Votes to Move Forward with Expanded ABV Credential Eligibility for Non-CPAs
The AICPA governing Council will continue to expand the eligibility of the Accredited in Business Valuation credential to non-CPAs, following a vote on Sunday. Five Council members had brought forth [...]
SC Board of Accountancy Q3 Newsletter Offers Tips for Annual License Renewals
The South Carolina Board of Accountancy released its third quarter newsletter, and here are some items of interest: Tips for License Renewals The BOA staff has prepared a wide [...]
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REMINDER: Extensions are Available for Nov. 1 Deadline of Unclaimed Property ‘Negative Reporting’REMINDER: Extensions are Available for Nov. 1 Deadline of Unclaimed Property ‘Negative Reporting’
Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax, Uncategorized
REMINDER: Extensions are Available for Nov. 1 Deadline of Unclaimed Property ‘Negative Reporting’
With the Nov. 1 deadline to submit an Unclaimed Property Report to the State Treasurer’s Office fast approaching, the South Carolina Association of CPAs wants to assure its members [...]
Work Begins for Senate Finance Taxation System Review and Reform Subcommittee
The Senate Finance Taxation System Review and Reform Subcommittee held its first meeting on Wednesday, Oct. 17. The subcommittee will be co-chaired by Sen. Sean Bennett (R-Dorchester) and Sen. Vincent [...]
Coming Soon: We Will Need Your Help with a Survey that will Revolutionize How SCACPA Strengthens Our Advocacy
The South Carolina Association of CPAs places a special value on how our Members volunteer their assistance to our advocacy programs. It would be impossible to accomplish all we [...]
Extension Filers Can Still Get Tax Help Before Oct. 15 deadline
The South Carolina Association of CPAs and the IRS remind taxpayers who filed extensions that electronic filing and other options for help remain before the Oct. 15 deadline. Taxpayers who [...]
Gov. McMaster Signs Tax Conformity Bill H.5341
Gov. Henry McMaster has signed Tax Conformity bill H.5341 on Wednesday evening. It will be formally delivered to the Secretary of State on Thursday morning. "It took bipartisan leadership [...]
IRS Guidance Arrives on TCJA Business Expense Deductions for Entertainment, Meals
The IRS issued guidance on Wednesday on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act. The 2017 TCJA eliminated the [...]
How to Get the Most out of SCACPA’s CPE Benefit of Surgent On-Demand Self-Study
You might have seen that SCACPA has teamed with Surgent CPE to offer 240 courses of self-study, on-demand education as a member benefit. It’s an incredible opportunity to get specialized [...]
Darlington, Florence County Residents Eligible for FEMA Individual Assistance
Florence and Darlington counties were declared eligible to apply for FEMA’s Individual Assistance program on Tuesday, Oct. 2, bringing the total number of SC counties under that declaration to eight. [...]
Legislators Have Chance to Override Veto on Jobs Development Credit for Accountants
The South Carolina Association of CPAs wants members to be aware that legislators who have returned to session this week have an opportunity to override the Governor’s veto on a [...]
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Senate Finance Committee Advances Conformity Bill for Second Reading; Tax Reform Subcommittee AnnouncedSenate Finance Committee Advances Conformity Bill for Second Reading; Tax Reform Subcommittee Announced
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax
Senate Finance Committee Advances Conformity Bill for Second Reading; Tax Reform Subcommittee Announced
The Senate Finance Committee unanimously approved Tax Conformity bill H.5341 on Wednesday, Sept. 26. Last week, a special Senate Finance Subcommittee on Conformity approved a measure that addressed the Tax [...]
DEW: Residents in Five Counties have 30 Days to Apply for Disaster Unemployment Assistance
With FEMA’s designation for Individual Assistance, residents of Chesterfield, Dillon, Horry, Marion and Marlboro counties are eligible for Disaster Unemployment Assistance. If your job has been affected by Hurricane Florence, [...]
IRS is Granting Tax Deadline Extensions for SC Counties
South Carolina residents in Chesterfield County join those in Dillon, Horry, Marion and Marlboro counties as eligible to apply for aid through FEMA’s Individual Assistance Program, the governor’s office [...]
SC DOR Revises its Revenue Ruling on Sales and Use Tax Economic Nexus Standard
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. [...]
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In Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence RecoveryIn Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence Recovery
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax
In Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence Recovery
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 [...]