SCACPA Blog2018-04-27T14:34:20-04:00

View from the Dome: House Tax Policy Review Committee Set to Discuss Taxes on Services; Bidding Process Explored for Santee Cooper Utility

View from the Dome – March 22, 2019 By Copper Dome Strategies, LLC There was action on several major legislative initiatives, including education reform, medical marijuana, an update to the procurement code, and the potential [...]

Supply-Side Economics Guru Laffer Urges SC House Tax Policy Review Committee to Flatten Outdated Tax Structure

The SC House Tax Policy Review Committee on Thursday heard from Gov. Henry McMaster, who applauded the committee for its work and then introduced special guest speaker economist Dr. Art Laffer. Laffer is the founder [...]

Please Review This Important DOR Revenue Ruling About State Tax Addback Calculations

SCACPA wants to make CPAs and tax practitioners aware that the South Carolina Department of Revenue has released a four-page Revenue Ruling concerning the new ways to calculate state tax deductions for individuals who [...]

With Third Reading in SC Senate, Conformity Passage is Closer to Completion

South Carolina’s annual tax Conformity legislation found in H.3985 (Reps. Lucas, G. M. Smith and Stavrinakis) received its third reading on the floor of the full Senate on Wednesday, March 20. The bill’s next [...]

View from the Dome: SC Senate Gives Unanimous Second Reading to Conformity Bill; House Gives Final Approval on Budget

View from the Dome – March 15, 2019 By Copper Dome Strategies, LLC There were no meetings scheduled in the House this week as they debated and passed the state budget. The Senate continued [...]

The Democratization of Analytics & Automation: The Cloud has Changed the Landscape

By Chris Hervochon, CPA, CVA | SCACPA Member Since 2017 Note: A version of this article appears in the Q1 2019 edition of South Carolina CPA Report magazine. The democratization of data-gathering and advanced [...]

Farmers and Fisherman Tax Penalty Relief Announced by SC DOR

The South Carolina Department of Revenue has released Information Letter 19-8, a 2-page advisory opinion regarding waiving federal penalties for underpayments of estimated taxes by certain farmers and fishermen. In IRS Notice 2019-17, the IRS [...]

SC DOR Releases Information Letter Summary of State Individual Income Tax Conformity to IRC

The South Carolina Department of Revenue has released Information Letter 19-7, a 13-page advisory opinion that summarizes South Carolina conformity with Internal Revenue Code sections affecting individual taxpayers through Feb. 9, 2018. The letter contains [...]

SCACPA’s Things to Watch in the Profession: A&A Update on Hosting Services

March 14, 2019 There have been many questions about the hosting standard that was supposed to be effective in 2018 but was delayed until July 1, 2019. At last, the Professional Ethics Executive Committee [...]

A Spreadsheet Name Game: Learn to Format Data in Excel with SCACPA’s #TechTuesday

Aspiring data pros can quickly come to the realization – all this data isn’t going to sort itself. That’s why for this week’s SCACPA #TechTuesday, tech guru and SCACPA CEO Chris Jenkins demonstrates how to [...]

You are the Reason for SCACPA Success – A Year in Review

The pace of change has never been this fast, yet it will never be this slow again. With your support, SCACPA successfully navigated the change to the new All-Inclusive membership model.   This new membership [...]