SCACPA Member Benefit Alert: Access the Clemson Tax School via Livestream
Seats are filling fast for this fall’s 57th annual Clemson University Income Tax Course, the two-day classes offered throughout South Carolina from late October through mid-December. Every year, there are financial professionals who miss out [...]
Deadline Extended to July 31 for PCPS/CPA.com National MAP Survey
AICPA will extend the deadline through July 31 to complete the 2018 AICPA PCPS/CPA.com National Management of an Accounting Practice (MAP) Survey. The CPA profession’s largest benchmarking tool has been overhauled to make it [...]
LEGISLATIVE REARVIEW: Copper Dome Strategies’ 2018 Review Includes Conformity Forecast
THE STATUS OF CONFORMITY: Two Conformity bills – one each from the House and Senate – may still be considered this year, as they were included in the Sine Die resolution. The General Assembly [...]
S.C. News Roundup: Amid Tariff Reactions, BMW Says Spartanburg Expansion Still on Track
Amid Tariff Reactions, BMW Says Spartanburg Expansion Still on Track German automaker BMW and Chinese partner Brilliance Automotive Group Holdings announced the joint venture BMW Brilliance Automotive to increase the number of vehicles built [...]
IRS, Security Summit Launch Awareness Campaign to Protect Client Data
The IRS and its Security Summit partners have initiated a summertime security awareness campaign for tax professionals with an expanded guide that provides critical steps to protect client data. "Protect Your Clients; Protect Yourself: Tax [...]
Upcoming ‘Tax Team’ Courses Highlight SCACPA Roster of Federal Tax CPE
The South Carolina Association of CPAs is excited to introduce a new Federal Tax Update course with the “South Carolina Tax Team.” SCACPA has assembled distinguished, nationally recognized Federal Tax experts who will offer [...]
Board of Accountancy Q2 Newsletter: Updates on New Education Committee, Succession Planning
The South Carolina Board of Accountancy has released its 2nd Quarter 2018 Newsletter, and it includes a list of all recently licensed South Carolina CPAs from October 2017-March 2018. The New CPA Oath Ceremony [...]
IRS is Drafting Simplified Form 1040 for 2019 Tax Season
The IRS announced plans to streamline the Form 1040 into a shorter, simpler document for the 2019 tax season so all 150 million taxpayers can use the same form. The new 1040 – about half [...]
DEW Announces July Classes For SUITS Electronic Filing For Employers, TPAs
The S.C. Department of Employment and Workforce replaced its legacy tax system in March with its State Unemployment Insurance Tax System. Since the end of the 2018 1st quarter filing period, DEW saw a [...]
DOR Looks Into S.C. Sales Tax Options of SCOTUS Wayfair Decision
The U.S. Supreme Court has ruled that states can require online retailers to collect sales taxes. In the decision of South Dakota v. Wayfair Inc. on Thursday, June 21, the Supreme Court overturned Quill Corp. [...]
Deadline Nears to Pledge a Tax Credit Donation as Exceptional SC Passes Halfway Mark to $12M Goal
Exceptional SC, is a 501(c)3 charity that helps K-12 students with special needs attend credentialed private schools through tuition tax credits and scholarships, has announced it is quickly on the way to reaching its $12 [...]
LEGISLATIVE UPDATE: House, Senate Remain at Odds on $60M of Budget
The General Assembly is set to return to Columbia on Wednesday, June 27, to allow members to continue working on specified unfinished business, including Tax Conformity, the state budget, and legislation dealing with the fallout [...]
S.C. News Roundup: State Unemployment Rate is 4%
State’s Unemployment Rank Sank to 4% in May About 1,800 jobs were created and South Carolina unemployment rate dipped to 4% in May, according to DEW numbers. The unemployment rate was at 4.4% in [...]
Wanted: Silent Auction Items for Fall Fest Accounting Conference Fundraiser
The SCACPA staff is hard at work gearing up for the Fall Fest Accounting Conference, and that includes the prizes and fun for our Casino Night social event. During our two days at the [...]
4 CPA Firms Ranked Among 2018 ‘Best Places to Work in South Carolina’
Bauknight Pietras & Stormer, Cherry Bekaert, Elliott Davis and Scott & Company are CPA firms listed among the “Best Places to Work in South Carolina,” as chosen by the South Carolina Chamber of Commerce. [...]
IRS’ Kautter Signals That 199A Guidance on Pass-Through Deductions is Pending Release
When will the IRS issue guidance on new Internal Revenue Code section 199A? That’s among the top questions on CPAs’ minds related to the Tax Cuts and Jobs Act. The answer could be soon soon, [...]
S.C. News Roundup: 92% of GOP Voters Support Conformity Question
Support for Conformity by State’s GOP Primary Voters is 92% Among the non-binding questions appearing on party ballots in Tuesday’s primary, Republican voters were asked, “Do you believe that South Carolina’s tax code should [...]
SCACPA joins Chamber of Commerce in Conformity Statement
The South Carolina Association of CPAs has joined the South Carolina Chamber of Commerce in a news statement urging Conformity action by the state Senate this summer on June 27 from the S.C. Legislature: [...]
Country Time Lemonade Takes a Stand For Kids’ Business Permits with ‘Legal-Ade’
“When life hands you outdated laws, make lemonade, and get Legal-Ade.” That’s Country Time lemonade’s motto as it stands up to introduce Legal-Ade -- “a crack team ready to straighten out lemonade stand-related permits and [...]
With More than 2 million ITINs to Expire in 2018, IRS Urges Early Steps to Renew
With more than 2 million Individual Taxpayer Identification Numbers set to expire at the end of 2018, the IRS urges affected taxpayers to submit their renewal applications soon to avoid refund delays next year. [...]