Tax

View from the Dome: Debate Continues over Comprehensive Education Reform

By |2019-02-15T11:30:45+00:00February 15th, 2019|Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – Feb. 15, 2019 By Copper Dome Strategies, LLC The debate over comprehensive education reform continued in both [...]

House Conformity Bill is Placed on Calendar

By |2019-02-15T11:57:11+00:00February 15th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Tax|

A Tax Conformity Bill sponsored by House Speaker Jay Lucas (R-Darlington), House Ways and Means Committee Chairman G. Murrell Smith Jr. (R-Sumter) and Leon Stavrinakis (D-Charleston) was introduced on Thursday.  [...]

The South Carolina Research Authority and the Industry Partnership Fund – An Innovative Way to Pay

By |2019-02-14T16:25:50+00:00February 14th, 2019|Business & Industry, Featured, Governmental, Membership, Public Relations, Tax, Technology|

By John E. Sircy, CPA, CMA, CFM, CSCA | SCACPA Member Since 2012 The Industry Partnership Fund represents an excellent option for your clients to support South Carolina’s innovation [...]

Peer Review Alert: ‘Peer Review Alliance’ is Now Available for SCACPA Members

By |2019-02-12T16:58:12+00:00February 12th, 2019|Auditing & Accounting, Featured, Membership, Public Relations, Tax|

The South Carolina Association of CPAs would like to announce some updates and adjustments to the Peer Review process available to members. Since 2016, SCACPA has outsourced the administration [...]

Don’t Leave Your Firm’s Culture to Chance: INSIDE Public Accounting Launches New Assessment Survey to Benchmark Behaviors and Attitudes

By |2019-02-12T14:09:48+00:00February 12th, 2019|Auditing & Accounting, Business & Industry, Membership, Public Relations, Regulatory, Tax, Technology|

INSIDE Public Accounting, the accounting profession’s benchmarking specialist, is offering a new tool to help partners better understand your firm’s culture – and how to improve it. IPA’s first Excellence [...]

Busy Season Busy Signals: Day After Presidents Day is IRS’s Busiest Phone Call Day

By |2019-02-11T14:20:25+00:00February 11th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax, Technology|

The IRS receives more phone calls on the day after Presidents Day than on any other day of the year. “Given the high call volumes at this time of the [...]

View from the Dome: ‘Road Map for Tax Reform’ Under Consideration; Santee Cooper Study Committee Sorts Out Purchase Bids

By |2019-02-08T13:44:39+00:00February 8th, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – Feb. 8, 2019 By Copper Dome Strategies, LLC Major education reform legislation continued debated in two separate subcommittees in the House and Senate. The [...]

IRS: Don’t Fall Victim to ‘Ghost’ Tax Return Preparer

By |2019-02-07T16:46:43+00:00February 7th, 2019|Auditing & Accounting, Business & Industry, Governmental, Public Relations, Regulatory, Tax, Technology|

The IRS is warning taxpayers to avoid unethical tax return preparers, known as ‘ghost preparers.’ By law, anyone who is paid to prepare or assist in preparing federal tax returns [...]

House Tax Policy Review Committee Presented with Tax Foundation’s ‘Road Map’ for SC Tax Reform

By |2019-02-07T15:03:48+00:00February 7th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

The SC House Tax Policy Review Committee heard a presentation from Jared Walczak of the Tax Foundation on Thursday, Feb. 7, titled, “South Carolina: A Road Map for Tax [...]

SCACPA’s Do’s and Don’ts of Tax Season Stress Relief: Relax, but Binge-Watch with Care

By |2019-02-13T11:52:38+00:00February 5th, 2019|Membership, Public Relations, Tax|

No CPA is looking forward to the long hours and deadline pressure of Tax Season. The ability to recharge and refresh is at a premium. And while there are [...]

View from the Dome: Senate to Consider Bill to Exempt Military Retirement Income from State Income Taxes

By |2019-02-01T16:22:35+00:00February 1st, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Public Relations, Regulatory, Tax, Uncategorized|

View from the Dome – Feb. 1, 2019 By Copper Dome Strategies, LLC The fourth week of the legislative session saw both chambers settling in to what will be [...]

Watch: A Guide to TCJA ‘Kiddie Tax Changes’ from SCACPA’s Lynn Nichols

By |2019-02-01T16:20:22+00:00January 31st, 2019|Auditing & Accounting, Business & Industry, Membership, Public Relations, Regulatory, Tax|

You can count on the South Carolina Association of CPAs to provide when-you-need-it guidance on significant developments in tax law. In today’s installment, Lynn Nichols, CPA, explains how the [...]

Watch: SCACPA’s Lynn Nichols Explains Latest 199A Instructions for Rental Income and Determining W-2 Wages

By |2019-01-30T19:38:15+00:00January 30th, 2019|Auditing & Accounting, Business & Industry, Featured, Membership, Regulatory, Tax|

The South Carolina Association of CPAs is proud to use the power of its outreach to provide members with when-you-need-it guidance on significant developments in tax law. With our [...]

Welcome to SCACPA’s Do’s and Don’ts of Tax Season Stress Relief

By |2019-01-30T09:12:16+00:00January 29th, 2019|Membership, Public Relations, Tax, Technology, Uncategorized|

No CPA is looking forward to the long hours and deadline pressure of Tax Season. The ability to recharge and refresh is at a premium. And while there are [...]

AICPA Letter to IRS, Treasury: Taxpayers Need More Relief for Underpayment Penalty

By |2019-01-29T14:50:02+00:00January 29th, 2019|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Tax|

In the months since adjusted withholding tables were implemented by the IRS in the wake of the Tax Cuts and Jobs Act, it has become clear to individual taxpayers and [...]

As Taxpayers, Practitioners Navigate Effects of Government Shutdown, AICPA Writes Letter to Treasury, IRS

By |2019-01-25T14:55:07+00:00January 25th, 2019|Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Public Relations, Regulatory, Tax, Technology|

As tax filing season approaches, the AICPA and South Carolina Association of CPAs are receiving questions about the impact of the recent government shutdown on the IRS. Continuing the profession’s [...]

View from the Dome: House Bill Advances to Eliminate Military Retirement Income from State Income Taxes

By |2019-01-25T12:19:44+00:00January 25th, 2019|Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – Jan. 25, 2019 By Copper Dome Strategies, LLC Week three of the session saw numerous subcommittee and committee meetings in the House and Senate. Gov. [...]

House Tax Policy Review Committee Learns that Tax Reform is ‘Evolution, Not a Revolution’ from Palmetto Promise Institute

By |2019-02-07T15:10:25+00:00January 24th, 2019|Governmental, Legislative/Advocacy, Tax|

The SC House Tax Policy Review Committee heard a presentation from Dr. Rebecca Gunnlaugsson of the Palmetto Promise Institute on Thursday, Jan. 24. The presentation was an update of [...]

Treasury, IRS Announce Final Regulations on Qualified Business Income Deduction, Including Rental Real Estate Safe Harbor

By |2019-01-22T13:16:21+00:00January 22nd, 2019|Auditing & Accounting, Business & Industry, Governmental, Regulatory, Tax|

The Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income deduction (section 199A deduction). The QBI [...]

View from the Dome: House’s Tax Review Members Agree Property Tax Revisions Must Help Ed Funding

By |2019-01-25T12:24:04+00:00January 18th, 2019|Auditing & Accounting, Business & Industry, Governmental, Legislative/Advocacy, Regulatory, Tax|

View from the Dome – Jan. 18, 2019 By Copper Dome Strategies, LLC After the pomp and circumstance of the inaugural activities, the General Assembly got to work with [...]