Leases
By Jaclyn Veno, CPA, Galasso Learning Solutions This article appears in the Spring 2023 issue of the South Carolina CPA Report For more than a decade, leases have been a [...]
SCACPA Board response to the AICPA DRAFT 8-POINT PLAN
At the beginning of 2023, the AICPA released a draft of an 8-point plan to address the challenges facing the CPA Pipeline. The SCACPA Board of Directors reviewed this plan [...]
Accountable: Blog for CFOs: Designing Websites & Making the Most of Your Online Presence
Originally posted on David's Accountable Blog It has often been said that you never get a second chance to make a first impression. While no one is quite sure [...]
What does the Champlain Towers condo collapse mean to SC CPAs? CPAs who audit, advise, or participate in HOAs now have much to consider.
What could the Champlain Towers condo collapse mean to SC CPAs? The moral of the tragic Champlain Towers story is that CPAs who audit, advise, or participate in HOAs [...]
SCDOR Guidance: How to Amend a State Tax Return to Exclude Unemployment Benefits
South Carolina recipients of unemployment compensation are allowed to exclude from state taxes up to $10,200 of benefits they received in 2020, thanks to Gov. Henry McMaster signing into law [...]
SCACPA Communications Wins Three ‘Best in Business Awards’ at SCSAE 2021 Annual Meeting
SCACPA is proud to announce that our Communications Team was named the winner in three categories of the “Best in Business Awards” at the 2021 Annual Meeting of the SC [...]
IRS Message on Shift in Procedure: Collection Delinquency Resolutions Will Now be Exclusively Handled by SB/SE’s Automated Collection System
The IRS Wage & Investment Division would like to address ongoing questions about certain Practitioner Priority Service line services. PPS assistors will continue to work with Forms 2848/8821/8655 representatives [...]
SCDOR: Manage your SC Tax Accounts on Any Device with New Responsive Design on MyDORWAY
If you’ve worked as a CPA for long, you’ve probably dealt with after-hours requests and rushed back to the office at night or on the weekend to manage a [...]
SCDOR is Preparing an Enhanced MyDORWAY with an Upgraded Layout
The South Carolina Department of Revenue will launch a new and improved version of its online tax portal, MyDORWAY, on June 28. When the enhanced MyDORWAY goes live, CPAs [...]
Get Social with SCACPA
Put the power of SCACPA in the palm of your hand. Follow SCACPA on any and all social media platforms for at-a-glance updates and engagement. Sharing is caring! When [...]
Message from Paychex: Clients Have All of 2021 to Claim Employee Retention Tax Credit
Help your clients claim the tax credits they deserve Note: Paychex is proud to be SCACPA’s Gold Affinity Partner of payroll, retirement, and HR services. As your clients continue [...]
SCDOR’s March 31 Information Letter Addresses Taxability of Unemployment Benefits in South Carolina
The South Carolina Department of Revenue has issued guidance to draw attention to the situation that, as of this posting, unemployment benefits are taxable in South Carolina. The SC [...]
COVID-19 Vaccine Eligibility is Here for All South Carolinians 16 and Over Starting March 31. Here’s How to Get in Line
SCACPA was glad to hear the announcement by Gov. Henry McMaster and DHEC that all South Carolinians aged 16 and older will be eligible to receive COVID-19 vaccinations beginning [...]
First Look: Paychex Has Updated its PPP Loan Forgiveness Estimator
Looking for the latest guidance on PPP Loan Forgiveness? Paychex – a gold affinity partner of payroll, retirement and HR services for the South Carolina Society of CPAs – presents [...]
DEW Tells You What to Know about Unemployment Insurance Fraud on its Revamped Website
The South Carolina Department of Employment and Workforce offers several options to report suspected cases of unemployment benefit fraud, identity theft and job refusals. The preferred method to submit your [...]
‘Demystifying Finance’ with David Peters: Basic Taxation, Part 2
David Peters, in addition to being SCACPA’s advisor on B&I topics, is an acclaimed and in-demand educator about the financial industry. As a featured speaker for SCACPA, an adjunct [...]
Preventing Fraud During COVID-19: DEW Warns About Consequences for ‘Double-Dipping’ of Combining Unemployment Claims with PPP-Backed Income
The S.C. Department of Employment and Workforce reminds employers and workers that abusing federal relief funding such as Paycheck Protection Program loans could lead to severe consequences. Among the [...]
‘Demystifying Finance’ with David Peters: Basic Taxation
David Peters, in addition to being SCACPA’s advisor on B&I topics, is an acclaimed and in-demand educator about the financial industry. As a featured speaker for SCACPA, an adjunct [...]
The “Accountable” Podcast for CFOs: Making Retirement Savings a Habit, with Taylor Watts, CFP
Many employees still aren't saving for retirement every paycheck. Dave talks with Taylor Watts, a financial advisor and investment analyst at Carroll Financial, about giving employees the best chance [...]
Your Gas Receipts are Valuable, and a SCACPA Member Created an App to Track the State’s Motor Fuel Income Tax Credit
A SCACPA Member in Charleston has created the SC Gas Tax Credit App, which can keep track of the gasoline purchases and auto maintenance costs that are required to claim [...]
A Message from the SC Department of Employment and Workforce: Your Responses to DEW Questions Help Control Costs of Doing Business
The South Carolina Department of Employment and Workforce offers this guidance for providing a prompt response to four types of interactions: Unemployment Insurance Taxes are a Necessary Cost of Doing [...]
The “Accountable” Podcast for CFOs: When Designing Retirement Plans for CFOs, Why Work with a CFP?
Join host David R. Peters, CPA, MST, for another installment of “Accountable,” the podcast for CFOs, by CFOs. "Why do I, the chief FINANCIAL officer, need a financial [...]
The “Accountable” Podcast for CFOs: Harnessing the Power of Data
Join host David R. Peters, CPA, MST, for another installment of “Accountable,” the podcast for CFOs, by CFOs. You know that data is powerful, but how can you make [...]
Cybersecurity Tips for Shopping Online Safely This Holiday Season
With Nov. 30’s Cyber Monday just around the corner and the holiday online shopping season getting in full swing, the South Carolina Department of Revenue reminds South Carolinians to be [...]
Knoble: Ready for Attest Work to Get Exciting Again?
It’s possible to find a cloud software vendor that is nimble to user feedback for its programs to boost efficiencies By David Knoble, CPA, CGMA (SCACPA Member since 2010) [...]
LLR 2021 License Renewal Notices are Arriving in Your Inbox
The South Carolina Association of CPAs is sending an advisory to its members that the South Carolina Department of Labor, Licensing and Regulation has begun issuing courtesy notice email [...]
Avoid Holiday Charitable Giving Scams with These Tips
The end of the year holiday season is often when we feel most compelled to help those less fortunate. There are many organizations that depend on our generosity to [...]
Be On the Lookout for BOA Email Verification! Also, the BOA is Open for Business for CPA Exam Applications
The South Carolina Board of Accountancy wants you to know it remains open for business! The BOA is actively reviewing applications to sit for the CPA Exam as well [...]
Reminder: Unemployment Compensation is Taxable Income, so Don’t Get Hit with a Surprise Tax Bill
Since the pandemic began, close to 775,000 South Carolina workers have filed initial unemployment claims and more than $4.5 billion has been paid in unemployment and pandemic-related benefits, according to [...]
Do you Manage Business Personal Property (BPP) or Manufacturing Property Tax Accounts for your Clients? You Asked for Improvements, SCDOR Listened
Manage SCDOR Property Tax accounts with ease on MyDORWAY Using MyDORWAY is already the best way to manage South Carolina tax accounts for you and your clients, including SCDOR Property [...]