Insurance Company Seeks Rescission of Malpractice Policies and 6 more topics! Nichols’ Tax Update, Issue 21-51

By |2022-01-18T09:10:42-05:00January 18th, 2022|Educate, Featured, Regulatory, Tax|

Nichols' Tax Update, Issue 21-51 IRS Announces Standard Mileage Rates for 2022 The IRS has announced   the optional standard mileage rates used in computing the deductible costs paid or [...]

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Evolving Remote Workforce Brings Uncertainty, Practitioners Say and 9 more topics! Nichols’ Tax Update, Issue 21-50

By |2022-01-18T09:15:18-05:00January 10th, 2022|Educate, Regulatory, Tax|

Nichols' Tax Update, Issue 21-50 Fact Sheet Updates FAQs on Recovery Rebate Credit The IRS has issued a fact sheet (FS-2021-17) updating its list of frequently asked questions on [...]

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Guidance Implements Termination of Employee Retention Credit and 4 more topics! Nichols’ Tax Update, Issue 21-49

By |2022-01-10T09:43:56-05:00January 3rd, 2022|Educate, Regulatory, Tax|

Nichols' Tax Update, Issue 21-49 IRS Advises on Calculating Imputed Underpayments of Partnerships In emailed advice, the IRS advised on whether adjustments to partnership-related items are included in the [...]

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IRS Clarifies Accounting and Reporting of Forgiven PPP Loans and 7 more topics! Nichols’ Tax Update, Issue 21-47

By |2021-12-20T10:46:16-05:00December 10th, 2021|Educate, Regulatory, Tax|

Updates Near for Fixing Obsolete Professional Conduct Rules Treasury is reviewing draft revisions to Circular 230 that are said to provide changes for unenforceable provisions and clarify sections that [...]

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SCDOR MyDORWAY Feature for CPAs

By |2021-11-16T14:47:36-05:00November 16th, 2021|Tax|

Did you know that the SCDOR's MyDORWAY site has a way for you to access your clients' accounts for business personal property, manufacturing property, and utility property taxes. There [...]

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Opportunity to Build New Skills!

By |2021-11-16T14:20:05-05:00November 16th, 2021|Membership, Tax|

The SCACPA Tax Team has openings for CPAs to assist with research, write and edit educational material, and speak on focused topics. If you (or someone in your organization) [...]

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IRS Announces Pension Plan Limits for 2022 and 4 more topics! Nichols’ Tax Update, Issue 21-45

By |2021-11-22T11:01:47-05:00November 15th, 2021|Educate, Featured, Regulatory, Tax|

Practitioners See Need for Guidance on Controlled Group Rules Provisions of the controlled group rules have been working their way beyond qualified plans, making the code section ripe for [...]

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Gov. Henry McMaster and S.C. Department of Employment and Workforce Executive Director Dan Ellzey Announce Tax Rate Cuts as the UI Trust Fund Remains Strong

By |2022-01-01T21:05:45-05:00November 9th, 2021|Governmental, Legislative/Advocacy, News Roundup, Tax|

Governor Henry McMaster and S.C. Department of Employment and Workforce (DEW) Executive Director Dan Ellzey today announced South Carolina’s unemployment insurance tax rates for employers will decrease or remain [...]

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IRS Cracking Down on Crypto Noncompliance and 6 more topics! Nichols’ Tax Update, Issue 21-44

By |2021-11-15T15:57:41-05:00November 9th, 2021|Educate, Regulatory, Tax|

Nichol's Tax Update, Issue 21-44 IRS Cracking Down on Crypto Noncompliance The IRS is going full steam ahead on addressing noncompliance related to cryptocurrency, and tax professionals may need [...]

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IRS Announces New FAQ Process With Penalty Protection and 5 more topics! Nichols’ Tax Update, Issue 21-43

By |2021-11-09T11:04:24-05:00November 2nd, 2021|Regulatory, Tax|

Nichols’ Tax Update, Issue 21-43 IRS Announces New FAQ Process With Penalty Protection The IRS plans on releasing significant FAQs on new tax statutes in fact sheets and promises [...]

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Extension Granted to File Election After Ownership Change and 2 more topics! Nichols’ Tax Update Issue 21-42

By |2021-11-02T09:36:31-04:00October 26th, 2021|Regulatory, Tax|

Nichols' Tax Update, Issue 21-42 Extension Granted to File Election After Ownership Change The IRS granted a taxpayer an extension to file a closing-of-the-books election after an ownership change.  [...]

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Temporary Regs Implement IDR Requirements in Surprise Billing Law and 3 more topics! Nichols Tax Update 21-40

By |2021-10-19T15:51:17-04:00October 12th, 2021|Educate, Regulatory, Tax|

Nichols Tax Update 21-40 IRS Announces Extension of Replacement Period for Sold Livestock The IRS has announced (IR-2021-193) that farmers and ranchers who previously were forced to sell livestock [...]

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