SCACPA Blog

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

Get Ready for 2019 with the SC Department of Revenue

With 2019 fast approaching, here are some end-of-year updates from the South Carolina Department of Revenue: New SCDOR PO boxes and ZIP+4 addresses are now on most SCDOR forms and correspondence. Use those addresses [...]

SCACPA is Listening, Acting as CPAs Struggle to Keep Up With Education and Successor Notifications

The South Carolina Association of CPAs is letting our members know that we are directing our resources toward navigating solutions regarding statewide notifications that affect South Carolina CPAs. The three main areas where we [...]

BOA’s Proposed Regulations Include Education, Licensure Requirements

Here are the South Carolina Board of Accountancy’s proposed regulation amendments for the State Code, as published Oct. 26, 2018:   Document No. 4845 DEPARTMENT OF LABOR, LICENSING AND REGULATION BOARD OF ACCOUNTANCY CHAPTER 1 [...]

Upcoming Firm License Renewals: Be Prepared for Designated Successor Requirement

SCACPA reminds you that your annual firm renewal process cannot be completed without naming a designated successor. The South Carolina Board of Accountancy wrote in its 2nd Quarter 2018 newsletter: “As per Regulation 1-12(A), [...]

SC News Roundup: DOR Director Says ‘Large Internet Retailer’ Must Obey Online Sales Tax Law

DOR Director Powell: ‘Large Internet Retailer’ Must Obey SC’s Online Sales Tax Law Hartley Powell, Director of the SC Department of Revenue, recently told a state Senate committee that the U.S. Supreme Court’s Wayfair [...]

Young Professionals of CPAs, Bankers, Lawyers Invited to Networking Social Night on Nov. 8

A CPA, a banker and a lawyer walked into a bar … Well, an historic aircraft hanger converted into a craft brewery, to be specific. The South Carolina Association of CPAs is partnering with [...]

Attention Fall Fest Attendees: Here’s your Survival Guide on How to Navigate the Two-Day Accounting Conference

The 2018 Fall Fest Accounting Conference is almost here! There’s going to be a lot of moving parts – 400 attendees, 45 classes, 13 vendors and even an illusionist when you least expect it [...]

SCACPA Now Accepting Nominations for our First ‘Community Connected Engagement Awards’

SCACPA wants to thank all our members, firms and Chapters for all the community events across the state that went into October’s Month of Service. So far, we have raised more than $6,000 toward [...]

SC News Roundup: Charleston Airport will Offer Nonstop Flights to London in 2019

Charleston Airport will Offer Nonstop Flights to London in 2019 British Airways will offer nonstop service from Charleston International Airport to London’s Heathrow Airport from early April through late October in 2019. The 8- [...]

AICPA Offers Resources for Congressional Responses to Wayfair

The AICPA State Legislation Team and the AICPA Tax Advocacy Team have put together resources on the Supreme Court’s Wayfair decision, especially as congressional efforts to respond to Wayfair have progressed. There are two pieces [...]

SCACPA is “Educating the Educators” on Financial Literacy

If high school and college-aged students could choose the one educational course that would most benefit their future, it would be one focused on money management.  That’s according to a 2017 National Financial Educators [...]

AICPA Votes to Move Forward with Expanded ABV Credential Eligibility for Non-CPAs

The AICPA governing Council will continue to expand the eligibility of the Accredited in Business Valuation credential to non-CPAs, following a vote on Sunday. Five Council members had brought forth a motion to suspend an [...]

SC Board of Accountancy Q3 Newsletter Offers Tips for Annual License Renewals

The South Carolina Board of Accountancy released its third quarter newsletter, and here are some items of interest: Tips for License Renewals The BOA staff has prepared a wide range of license renewal tips [...]

REMINDER: Extensions are Available for Nov. 1 Deadline of Unclaimed Property ‘Negative Reporting’

With the Nov. 1 deadline to submit an Unclaimed Property Report to the State Treasurer’s Office fast approaching, the South Carolina Association of CPAs wants to assure its members that the STO offers extension [...]

Work Begins for Senate Finance Taxation System Review and Reform Subcommittee

The Senate Finance Taxation System Review and Reform Subcommittee held its first meeting on Wednesday, Oct. 17. The subcommittee will be co-chaired by Sen. Sean Bennett (R-Dorchester) and Sen. Vincent Sheheen (D-Kershaw). It was formed [...]

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