How to Apply IRC Section 199A? Joint Committee on Taxation has Prepared a Guide
The U.S. Congress Joint Committee on Taxation has published a 32-page “Overview of Deduction for Qualified Business Income: Section 199A.” “The document appears to be a .PDF of 32 PowerPoint slides,” said Lynn Nichols, CPA, [...]
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View from the Dome: House Tax Policy Review Committee Set to Discuss Taxes on Services; Bidding Process Explored for Santee Cooper UtilityView from the Dome: House Tax Policy Review Committee Set to Discuss Taxes on Services; Bidding Process Explored for Santee Cooper Utility
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax
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Supply-Side Economics Guru Laffer Urges SC House Tax Policy Review Committee to Flatten Outdated Tax Structure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 [...]
How to Talk to Clients About Tax Deadline Extensions
As a CPA, you know how to navigate a challenging filing season. One maneuver is to file tax extensions on behalf of some clients. This lengthens the time you have to complete their returns [...]
SCACPA Student Member Profile: Celeste Stewart
Name: Celeste Stewart Hometown: Columbia, S.C School: Converse College Major: B.S in Accounting/ B.A. in Music Projected Graduation Date: May 2020 Year you joined SCACPA: 2018 SCACPA [...]
2019 Annual Meeting Announcement
SCACPA’s Annual Meeting will take place from 12:30 to 1:30 p.m. on Thursday, May 16, as part of the Association’s Spring Splash Accounting Conference at the North Charleston Marriott located at 4770 Goer Drive, [...]
Be a Voice: Nominate Yourself or Another Outstanding CPA For SCACPA’s Board of Directors
In the past membership year, SCACPA has seen a lot of changes. Our advocacy efforts have ramped up, our membership model has changed, and our events are growing by leaps and bounds. Perhaps you [...]
Get Acquainted with the Excel Interface with SCACPA’s #TechTuesday
If you need a quick overview of the interface components of Microsoft’s Excel spreadsheet, tech guru and SCACPA CEO Chris Jenkins has you covered with this week’s SCACPA #TechTuesday. Chris points the way for how [...]
Kopis: Why Do ERP Implementations Have a Bad Reputation?
By Adam Drewes, KOPIS, GM of ERP Division Note: Kopis is a Gold Infinity Partner of the South Carolina Association of CPAs The high level of complexity required for Enterprise Resource Planning (ERP) has [...]
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View from the Dome: SC Senate Gives Unanimous Second Reading to Conformity Bill; House Gives Final Approval on Budget
View from the Dome: SC Senate Gives Unanimous Second Reading to Conformity Bill; House Gives Final Approval on Budget
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax
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 [...]
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SC DOR Releases Information Letter Summary of State Individual Income Tax Conformity to IRCSC DOR Releases Information Letter Summary of State Individual Income Tax Conformity to IRC
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Membership, Regulatory, Tax
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 [...]
Step Up, Speak Out! Volunteer to be a SCACPA Chapter Officer
Put your talent to the test as nominations are open for Chapter Officers for 2019-20. When you offer your voice as a leader, you help strengthen your Association, gain networking skills – and best [...]
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 [...]
#WhyCPA? Because CPA is the Gold Standard
Isn’t it funny that three little letters make all the difference when it comes to describing who you are and what you do? Those three letters—CPA—are an indicator that you are the gold standard. [...]
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 [...]