Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols, CPA. This is presented as a member benefit by the South Carolina Association of CPAs. The commentary is brief, [...]
Last year’s inaugural Fall Fest was the biggest event in SCACPA history, and we’re ready for this year’s event at the Columbia Metropolitan Convention Center to be even bigger. [...]
The U.S. government’s balance sheet indicates that, over time, the nation has an accumulated deficit (from annual shortfalls as of Sept. 30, 2018) of $21.5 trillion. To put that [...]
Thanks to the $61 million in tax dollars generated by the winning $1.5 billion 2018 Mega Millions ticket, South Carolina lawmakers determined the funds would go toward $50 rebate [...]
By Copper Dome Strategies Friday, Oct. 4, 2019 In this edition: The Business License Tax Collection Study Committee met on Thursday, Oct. 3. Legislators will have more money to [...]
Those who need help resolving state tax issues can visit the SC Department of Revenue’s Taxpayer Advocate across the state beginning in October. The Advocate, who is based in [...]
The South Carolina Board of Accountancy voted its approval to raise annual license fees starting for 2021 during a Special Called Meeting on Tuesday, Sept. 24. The vote came [...]
The South Carolina Department of Revenue has issued a pair of approved advisory opinions based on public drafts that were released in August. The first informs retailers that federal government [...]
What were the critical changes in South Carolina’s tax and regulatory laws enacted during the past legislative session? The state’s Department of Revenue has prepared a summary of these [...]
Now that South Carolina has finished enduring the immediate threat of Hurricane Dorian, many SCACPA members are contacting the Association in search of news about possible state and federal tax [...]
The South Carolina Association of CPAs wants our members to be aware that we monitor news and weather forecasts for projected hurricanes and other natural disasters for their possible effects [...]
Tax reform has broad popularity with South Carolina registered voters, and respondents to a statewide poll conducted in August are soundly in favor of adjustments to the state tax code, [...]
SCACPA is presenting a day of six total hours of ethics training on Tuesday, Nov. 26. With “Tax Practice Ethics,” you’ll avoid the headache of big mistakes discovered in IRS audits. That will [...]
The CPE Committee of 16 is essential in ensuring that SCACPA provides the continuing education that members want. The team is responsible for defining, documenting and identifying sessions and [...]
SCACPA’s tax courses offer specific information for a variety of specialty topics designed to allow SCACPA members to customize their training to their practice requirements. Consider these points when [...]
The time is NOW to help your business clients with tax strategies for 2020! Most strategies for reducing federal income tax liabilities require analysis, fact gathering, comparisons of alternatives, [...]
On June 11, the IRS published Treasury Decision 9864, which finalizes proposed regulations designed to clarify the relationship between state and local tax credits and federal tax rules for charitable contribution deductions. [...]
Note: SCACPA federal tax expert E. Lynn Nichols has looked closely at June 11’s Treasury Decision 9864, which finalizes proposed regulations designed to clarify the relationship between state and [...]
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 [...]
