As promised at their meeting early this week, the Financial Accounting Standards Board has issued a staff Q&A addressing how lease concessions related to COVID-19 should be treated from [...]
Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources The second week of April definitely had major impacts on standard setting. The Not-For-Profit Advisory Committee [...]
COVID-19 Tax Law Developments: Tax Effects of Coronavirus (COVID‐19) and CARES Act (Livestream codes LITX41 and LITX42) Dates and Times: Register for Livestream LITX41 on Wednesday, April 8 (9 [...]
UPDATE (March 31): The IRS released a DRAFT form and DRAFT instructions for IRS Form 7200 for employers to use to request advanced payroll tax credits for providing employees [...]
This past week found our regulatory agencies working hard to address COVID-19. OMB expanded its administrative relief to entities impacted operationally by current conditions The AICPA provided guidance on [...]
The U.S. Office of Management and Budget has issued administrative relief for those who receive federal financial assistance that is DIRECTLY RELATED to COVID-19. The Governmental Audit Quality Center [...]
GASB has issued an exposure draft that will address implementation issues in GASB 84 and component units while also addressing accounting and financial reporting for Section 457 plans. This [...]
To raise awareness of precautions to take amid the spread of Coronavirus, SCACPA wants its members to know of a free webinar offered by the Maryland Association of CPAs [...]
WHEN: Thursday and Friday, May 14-15 WHERE: Spartanburg Marriott, 299 North Church Street, Spartanburg 29306 REGISTER: www.scacpa.org/spring-splash or call 803.791.4181 Enjoy a change of scenery at the end of [...]
To raise awareness of precautions to take in the planning of group events amid the spread of Coronavirus, SCACPA wants its members to know that the Greater Washington Society [...]
GASB has issued an exposure draft to update the Conceptual Framework for Note Disclosures. The exposure draft describes the types of information that should be disclosed in notes and [...]
The South Carolina Association of CPAs is excited to announce it is now an IRS-approved provider for our Tax continuing education courses. For Enrolled Agents and non-CPAs in and [...]
Learn how to use automation to move your advisory services up the value chain By Chris Hervochon, CPA, CVA | SCACPA Member Since 2017 CPAs are fighting automation and [...]
FASB has issued a proposed Auditing Standards Update titled “Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.” Gifts in kind have received a lot of attention for [...]
The AICPA has issued a Statement of Position to address when a practitioner reports under the new 2020 GIPS standards. As the standards were updated, effective Jan. 1, 2020, [...]
The IRS is seeking volunteers to teach taxpayer rights and responsibilities to Charleston-area small business owners at local Small Business Tax Workshops sponsored by the South Carolina Small Business Development [...]
The Office of Management and Budget (OMB) has proposed changes to the Uniform Guidance (2 CFR, Part 200). The proposal takes into consideration the President’s Management Agenda, alignment with statutory [...]
2019 was a year of change! FASB issued 12 ASUs. The AICPA issued five SASes and two SSAEs, plus a variety of technical updates. GASB issued a GASB Statement and [...]
The Piedmont Chapter of the South Carolina Association of CPAs invites students interested in the accounting profession for a few hours of fun, food, bowling and networking with CPA professionals [...]
South Carolina stands out with its particular rules for journeying CPAs; and don’t forget your obligations in your former home By David R. Peters, CPA | SCACPA Member Since [...]
