Happenings provides a weekly update on how SCACPA Staff members are working for you. Learn what projects are in the works and how we’ve been promoting the CPA Profession.
SCACPA HAPPENINGS: OCTOBER 18-22 | Prepare for CPA Evolution, 4 Weeks Until Fall Fest, Email Verification for Licensure Renewal
SEE WHAT’S HAPPENING IN YOUR ASSOCIATION:
“WHAT’S BREWING” STARTS NEXT WEEK Join SCACPA CEO Chris Jenkins & Tim Baker from the University of South Carolina for a 30-minute conversation about the effect CPA Evolution could have on the pipeline. This initiative changes the way candidates become CPAs, so you don’t want to miss it. Join us at 8:30 a.m. on Oct. 29. Sign up now!
REGISTER FOR FALL FEST – NOVEMBER 18-19! The countdown is ON! Fall Fest is 4 weeks away (Nov. 18-19)! Put on your best cowboy boots and head to Columbia for the biggest IN PERSON SCACPA event in two years! Come learn, grow and connect face-to-face with friends from around the state! Register now!
CPA LICENSE RENEWAL PERIOD BEGINS SOON Make sure you receive important information regarding your CPA license renewal. Last week, the LLR sent a message regarding email validation. Find out why validation is important. We’ll keep you posted as more information regarding licensure renewal becomes available.
To enhance our grassroots Advocacy effectiveness, we are building a community of members to develop and maintain relationships with South Carolina legislators. We are now expanding our Advocacy efforts through a Board led effort we call our “Legislative Connections Community.” In this effort, we are committing Association time and effort to ongoing support of individual member-to-legislator connections.
SCACPA’s Task Force is Crafting a Reply to AICPA’s Proposed New Standards:
The AICPA is proposing the most significant changes regarding quality management since 2006, and SCACPA wants your voice to be represented as we draft our response. On the horizon are three new interrelated quality management standards that will impact CPA firms at the firm and engagement levels. Because these proposals replace a “one-size-fits-all” model with a scalable approach to firms of all sizes, SCACPA understands that these changes will have significant effects for many smaller South Carolina CPA firms. To influence these standards on behalf of all South Carolina CPAs, we are assembling a Task Force of Association members with the aim of providing SCACPA’s written response –find out how we would like your help.
The Governmental Affairs Committee held virtual meetings with the DEW, BOA and DOR on May 20, and here are some highlights:
DEW: The GA Committee met with Jamie Suber, DEW Assistant Executive Director, for an update. The meeting was very positive and informative. SC is one of 25 states to withdraw from the Federal funding of Unemployment benefits. The additional $300 in Federal benefits will cease week ending June 26th. The GA Committee congratulated Jamie and the DEW for the work in diligently attacking fraud.
BOA: The group met with BOA staff, and discussion touched on communicating changes, concerns or questions as Senate bill 812 moves forward through the Legislature.
DOR: Ideas were exchanged on ways to increase the amount of e-filing for BPP forms, which is an area of interest for both SCACPA and the DOR.
You can read the first quarter edition of the SC Board of Accountancy’s newsletter, SC BOArd News, which has valuable information for all licensees. We thank the BOA for listing SCACPA as among the partners who worked on the multi-year process that culminated with new regulations that became effective on June 26, 2020.
If you are looking for ways to volunteer with SCACPA to grow and promote the profession, please tell us about your ideas and interests with the SCACPA Volunteer Form at our Volunteers website page.
Stay tuned to Connect and SCACPA social media for real-time Advocacy updates.
Get ready for a brand-new learning experience! The Tax Team will present the Team Tax – Federal Tax Update in a unique format. The full-day event will be presented twice as a live simulcast. Each simulcast will be broadcasted from the Tax Team’s studio to four different locations around South Carolina. You can attend the event in person at one of these locations with your fellow CPAs. Prefer to watch from the comfort of your home or office? That option is available as well. Find out more!
If you have ideas about how we can make CPE more valuable with specific speakers or topics, please let us know with this form. Stay tuned to SCACPA social media, our blog and scacpa.org/events as we deliver “just-in-time” learning on breaking news topics.
Do you want to see your name in print? Or maybe you have a great idea for a story your peers need to read. We want to hear from you! We’re always looking for great content for the quarterly South Carolina CPA Report magazine! Contact our editorial team.
Are you familiar with your member benefit of SCACPA’s private online discussion portal, Connect? It’s easy to get started. Find out how.
Did you know that with SCACPA Connect you can review and respond to items in a daily digest email? Pick the time of day you would like to receive a notification that summarizes posts that occurred in the community. You can modify your notification settings to immediate, daily, weekly. However, we ask that you allow the “daily digest” emails at first to familiarize yourself, as well as facilitate and generate some timely discussion.
SCACPA is proud to promote the “Accountable” podcast for CFOs, from David Peters, CPA, MST, who is the Association’s advisor and speaker on B&I topics. A recent guest was Steve Watson, a CPA, HR expert, and podcaster out of Phoenix, Arizona. He explains why negotiating with insurance brokers doesn’t need to leave CFOs and HR Reps at odds. You can download it as an audio podcast or watch the interviews on YouTube. Look for the latest installments on SCACPA’s B&I Blog Page.
The SCACPA Education Fund awards scholarships to deserving accounting students poised for success in the profession. The Scholarship Recognition Luncheon will take place on November 19 at the Fall Fest Accounting Conference. This event commemorates the accomplishments of tomorrow’s CPAs and celebrates the bright future of the profession! Find out more!
SCACPA and Surgent CPA Review combined our resources to offer a FREE simulated CPA Exam section on Thursday, June 3. This Mock CPA Exam was open to SCACPA Student Members and CPA Candidates, best of luck to everyone who registered. For more news on Student events, keep an eye on SCACPA’s Student Membership page.
For businesses looking to grow, we’re spreading the word that CPAs are an ideal target market. The Partnership Playbook explains all the reasons why partnering with SCACPA is a win-win.
Are you looking to be a strategic finance partner in your business? Do you want to upskill and future-proof your career? Explore how the AICPA’s CGMA Finance Leadership Programcan help you grow. Learn the skills that 2,000+ CFOs and Finance Leaders have identified as being critical for your career. Build new competencies and elevate your career with the CGMA Finance Leadership Program. As a CPA with extensive training, you have a preferred pathway to earn the designation. CPAs start at the Strategic Level of the CGMA program. It’s no wonder why 91 of the Fortune 100 and 95 of the world’s top 100 brands choose CGMA designation holders. Learn more.
Message from Paychex: Clients Have All of 2021 to Claim Employee Retention Tax Credit. More than 60% of businesses in a recent survey said they did not know about the Employee Retention Tax Credit. Did you know that Paychex clients who claimed the ERTC, on average, saved $89,000? With the deadline to claim the credit extended until Dec. 31, 2021, you have more time to educate and advise your clients on the benefits that can come with getting employees back on the payroll. Read more about the ERTC.
Maximize your savings on UPS shipping with SCACPA! Member discounts have increased to 50% on Domestic Next Day/Deferred and 30% on Ground Commercial/Residential. Find out how to open an account here.
Build a Better Work Environment with Office Depot: Whether you work in a corporate building or have a home office in your guest room or dining room, you can create a workspace that suits your needs. You might spend 40-plus hours on the job every week –why not feel good while you’re there? Your SCACPA Office Depot Savings Program can help make it easy to shop and upgrade your office furniture, facilities, technology and printing needs or any of your other work from anywhere necessities, while saving time and money. With free next-business-day shipping*, we make sure you have what you need, when you need it. Start shopping online and save with Office Depot: officediscounts.org/scapca. Or text receive exclusive limited time offers by texting SCACPASAVES to 833.344.0228. (*Free next-business-day delivery on qualifying orders of $50 or more within local delivery areas, see terms and conditions.)