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: Jan. 6 | Tax to the Max, Virtual Mock CPA Exam, New Transcript Feature
SEE WHAT’S HAPPENING IN YOUR ASSOCIATION:
INTRODUCING TAX TO THE MAXJoin Lynn Nichols, CPA, for a weekly conversation about the latest tax issues and updates. Starting January 20, Lynn will provide a quick rundown of tax updates and issues from the past week and answer your questions LIVE! Tax to the Max will take place at 12 PM every Thursday. RSVP Here!
We have a busy session ahead of us – we will keep you in the loop regarding the progress we make at the State House!
Legislator Connections Community
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.
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 third quarter edition of the SC Board of Accountancy’s newsletter, SC BOArd News, which has valuable information for all licensees.
Stay tuned to Connect and SCACPA social media for real-time Advocacy updates.
Save the date for Spring Splash in Spartanburg – May 12-13!
If you have ideas about how we can make education 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.
Chapters are gearing up for their end-of-year meetings. Stay tuned to social media, Current Assets, and the SCACPA Chapter page for details about events in your local area.
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.
SCACPA and Surgent CPA Review combined our resources to offer a FREE simulated CPA Exam section on Thursday, January 27. This Mock CPA Exam was open to SCACPA Student Members and CPA Candidates. Best of luck to everyone who registered.
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.
Save with SCACPA on MetLife Auto & Home Insurance: Members can save up to 15 percent with this exclusive plan. You’ll receive quotes from multiple carriers to ensure you’re getting the best rate. Get started.
Your pets need insurance too! Receive up to 15 percent discount on policies (more on multi-pet policies)! You can cover your pets for preventative care and any hardships that befall them. There’s also freedom to visit the vet care provider of your choice! Get started!