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. It is produced to [...]
SCACPA Advocacy: How to Talk to Legislators and Other Key People Best Practices for SCACPA Chapter Leaders and Members Getting to know your local legislators is critical as the [...]
Regarding the subject of partner “tax capital accounts.” It is a requirement for large partnerships in 2020 returns. Lynn Nichols, SCACPA’s advisor and speaker on Tax topics, believes that [...]
By Copper Dome Strategies Friday, Feb. 5, 2021 The General Assembly met in Joint Session on Wednesday for judicial elections. Gov. Henry McMaster announced that beginning Monday, Feb. 8, [...]
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 [...]
As a CPA, you know a lot. But, in today’s changing environment, there are a lot of subjects where you probably have a fair share of questions. That’s why [...]
Forbes has named Columbia-based CPA firm Bauknight Pietras & Stormer to its annual “Top Accounting Firms in America” list for the second year in a row. BPS was honored [...]
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 [...]
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 [...]
ASB has issued its second ASU of 2021 addressing a new practical expedient for revenue recognition. "ASU 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient," offers private [...]
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. It is produced to [...]
IMPORTANT SCHOLARSHIP DEADLINE APPROACHING! The deadline to apply for the AICPA/SCACPA Scholarship Award for Minority Accounting Students is 3 p.m. on Monday, March 1. Awards can range from $3,000-$5,000. [...]
By Copper Dome Strategies Friday, Jan. 29, 2021 Both chambers engaged in the first significant floor debates of the new session, with the House passing legislation authorizing the sale and [...]
The World Economic Forum released its 2020 Future of Jobs Report, which looks at the impact of technology on the job market. The report addresses the impact of COVID, a [...]
Revenue Ruling 21-2: Internal Revenue Code Section 163(j) This advisory opinion from the South Carolina Department of Revenue provides South Carolina’s tax treatment of a limitation on business interest [...]
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. It is produced to provide [...]
The IRS is offering a free, 100-minute webinar “Highlights of Tax Changes from a Tax Forms Perspective” on Tuesday, Feb.2, at 2 p.m. It is open for all, with an [...]
In 2019, the AICPA issued a consultation paper for feedback on the projects Professional Ethics Executive Committee should address. After evaluating feedback, PEEC has issued its Strategy and Work Plan [...]
By Copper Dome Strategies Friday, Jan. 22, 2021 The House of Representatives did not meet in session this week due to the pandemic and security concerns but did conduct [...]
Join host David R. Peters, CPA, MST, for the latest installment of “Accountable,” the podcast for CFOs, by CFOs. Data can be overwhelming, and using it effectively can seem impossible. [...]
South Carolina’s 2021 legislative session is here. Important debate and decisions on tax legislation will be underway at the State House. That means SCACPA’s “The View from the Dome” [...]
FASB has issued a proposal to adjust the timing for when private entities and nonprofits would be required to identify triggering events for goodwill impairment. After initially identified by the [...]
AICPA's Auditing Standards Board (ASB) issued SSAE 22, Review Engagements, completing the update of the attestation standards. SSAE 19 modernized AUPs, SSAE 21 modernized examinations, and now SSAE 22 will [...]
The AICPA has released its new CPA Exam Blueprint, which outlines the format and content of the exam. Following a deep review of the topics covered in 2019, the Final [...]
By Copper Dome Strategies Friday, Jan. 15, 2021 The first session of the 124th General Assembly convened at noon on Tuesday. The General Assembly is operating under COVID-19 protocols and [...]
UPDATE: The application window for Paycheck Protection Program (PPP) forgivable loans opens Friday, Jan. 15, for lenders with $1 billion or less in assets, the US Small Business Administration [...]
The Financial Accounting Standards Board (FASB) has issued its clarification to ASU 2020-04 for Reference Rate reform. The first ASU of 2021 focuses on the scope of the practical expedients [...]
Galasso Learning Solutions is kicking off 2021 with our annual year in review. This episode focuses on the standards issued in 2020 by the AICPA, FASB and GASB. It provides [...]
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. The COVID-Related Tax Relief Act of 2020 is here, and the checks are in the mail. Join Lynn [...]
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. It is produced to provide [...]