SCDOR: State Sales Tax Holiday Begins Friday, Aug. 7
School supplies, clothes and computers are among the items that can be purchased free of sales tax during South Carolina’s annual 72-hour Sales Tax Holiday from Friday, Aug. 7 through [...]
SCACPA Happenings: Week of Aug. 3-Aug. 7
THIS WEEK: We are excited that more than 80% of our members have renewed their All-Inclusive Membership for 2020-21, and we continue to receive renewals every day. But we [...]
SCDOR Roundup: 2020 Individual Income Tax Statistics and Policy Division Updates
More South Carolina taxpayers filed their Individual Income Tax returns on time this year, with more taxpayers choosing electronic filing options, according to preliminary figures from the South Carolina [...]
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Lynn Nichols Federal Tax Update Podcast for Aug. 3, 2020: Capital Loss vs. Ordinary LossLynn Nichols Federal Tax Update Podcast for Aug. 3, 2020: Capital Loss vs. Ordinary Loss
Business & Industry, COVID-19, Educate, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Regulatory, Tax
Lynn Nichols Federal Tax Update Podcast for Aug. 3, 2020: Capital Loss vs. Ordinary Loss
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. The commentary is brief, [...]
View From the Dome: Board of Economic Advisors Anticipates SC’s 2019-20 Surplus as $220M
By Copper Dome Strategies Friday, July 31, 2020 Gov. Henry McMaster issued a new Executive Order on Thursday allowing all remaining businesses that closed as the coronavirus began spreading across [...]
What Does SCACPA Membership Mean to You? These Survey Respondents Tell That Story
As SCACPA enters its third year of All-Inclusive Membership, we wanted to hear what South Carolina CPAs had to say about the experience. We’ve compiled the results of our [...]
NASBA Board Unanimously Approves CPA Evolution Framework
The National Association of State Boards of Accountancy Board of Directors has announced its unanimous vote of support for the advancement of the CPA Evolution initiative that designs and [...]
SCACPA Announces the 43 Student Members Who Earned $64,500 in EdFund Scholarships for 2020
Peyton Elmore of the University of South Carolina The South Carolina Association of CPAs Educational Fund Trustees are proud to announce it has awarded $64,500 to 43 [...]
Galasso Learning Solutions: Proposed ASU – Insurance Effective Date
FASB has issued an exposure draft that would delay the effective date of ASU 2018-12, which provides updated guidance on financial reporting for long duration insurance contracts. The effective date [...]
Galasso Learning Solutions: SAS 142
Issued in July 2020, SAS 142 explains what constitutes audit evidence and sets out attributes of information when evaluating information. What questions do you have? Send your questions to melisa@galassolearningsolutions.com [...]
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SCACPA Legislative Update: Congress Requires Recommendations from CPAs for Next Phase of COVID-19 Relief LegislationSCACPA Legislative Update: Congress Requires Recommendations from CPAs for Next Phase of COVID-19 Relief Legislation
Advocate, Blogs, Business & Industry, COVID-19, Featured, Governmental, Legislative/Advocacy, Membership Page Controls, Tax, Technology
SCACPA Legislative Update: Congress Requires Recommendations from CPAs for Next Phase of COVID-19 Relief Legislation
The U.S. House of Representatives and Senate have returned to Washington, DC, for the first time since June. Leadership from both chambers are in deep discussion about a path forward [...]
SCACPA and Paychex are Partnering to Provide Helpful Resources
A message from SCACPA CEO Chris Jenkins: With so much change impacting business, there is no better time for SCACPA and Paychex to be working with one another. SCACPA [...]
SCACPA Happenings: Week of July 20-July 24
THIS WEEK: Congratulations to all our CPAs who wrapped up the July 15 tax deadline. Thank you for all your dedication to the profession and to your clients. Did you [...]
Galasso Learning Solutions: GASB Preliminary Views – Revenue and Expense Recognition
GASB has issued a preliminary views document, which is their second phase in updating revenue and expense guidance. Building on the ITC issued in 2018, the PV continues to develop [...]
Should My Firm File Protective Claims in Advance of the Supreme Court Decision on ACA?
This Q&A from SCACPA and the AICPA can help your firm’s decision-making. In March of this year, the U.S. Supreme Court announced that it will hear a case that challenges [...]
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BPS CPA Kaczor to Address National Conference with Strategies to Combat COVID-19 Spike in Business FraudBPS CPA Kaczor to Address National Conference with Strategies to Combat COVID-19 Spike in Business Fraud
Auditing & Accounting, Blogs, Business & Industry, COVID-19, Educate, Featured, Legislative/Advocacy, Membership, Membership Page Controls, Public Relations, Regulatory, Technology
BPS CPA Kaczor to Address National Conference with Strategies to Combat COVID-19 Spike in Business Fraud
Fraudsters have been taking advantage of the new work and life routines of the pandemic and causing mayhem, according to Jessica Kaczor, CPA, CFE, of Bauknight, Pietras & Stormer, [...]
SCACPA Happenings: Week of July 13-July 17
THIS WEEK: SCACPA’s All-Inclusive Membership year for 2020-21 launched July 1! Thank you to all who have renewed your dues. To make sure we deliver all the benefits you rely [...]
Galasso Learning Solutions: Recognition of Elements of Financial Statements
GASB has proposed major changes to the concept statements for recognition. The proposal further develops the concept of the short-term financial resources measurement focus. It makes changes to these concepts [...]
View From the Dome: accelerateED Task Force Offers its Guidance for 2020-21 School Year
By Copper Dome Strategies Friday, July 10, 2020 Two legislative committees met this week to receive briefings on re-opening public schools in the fall and the effects of COVID-19 on [...]
SCDOR Releases 2020 Tax Legislative Update
The SCDOR’s Information Letter 20-19 is a six-page summary of significant changes in South Carolina’s tax and regulatory laws enacted as of May 2020. It was released Thursday, July [...]