SCACPA Blog

SCACPA Blog2020-04-23T19:01:13-04:00

View From the Dome: Restrictions Lift on Tourist Attractions on May 22, but Extended State of Emergency Remains until May 27

By Copper Dome Strategies Friday, May 22, 2020 Gov Henry McMaster signed into law a Continuing Resolution to keep the state's government operating. The governor also issued a new Executive Order that lifted restrictions on [...]

Takeaways from ‘Workplace Safety Reopening Guide for SC Employers’ Legal Webinar

Takeaways from ‘Workplace Safety Reopening Guide for SC Employers’ Legal Webinar  The S.C. Chamber of Commerce hosted a webinar Thursday for employers on how to safely begin reopening businesses. “A Workplace Safety Reopening Guide [...]

Thanks to All Virtual Spring Splash Attendees for Creating a CPE Success Story! Our Speakers Learned a Lot Along the Way, Too

No matter where you logged in from, thank you to all SCACPA members and presenters who banded together to turn the May 14-15 Virtual Spring Splash into a CPE success story. More than 200 of [...]

Galasso Learning Solutions: FASB Delays Leases & Revenue Recognition

FASB voted to delay both revenue recognition and leases for private entities at its May 20, 2020, meeting. The original proposal was for a delay for private company franchisors to receive a one-year delay of [...]

Amid the Rapid Change, Get Your Firm on the Cloud to Track New Opportunities

As you transition to virtual meeting environments, take stock of that data to re-imagine how you measure your firm – and the client experience By Chris Hervochon, CPA, CVA | SCACPA Member Since 2017 [...]

During Dues Renewal Season, Here Are Reminders About Using Your 40-Hour CPE Bank

Dues renewal time has arrived for SCACPA's 2020-21 membership year! The All-Inclusive Membership annual dues at the Fellow level remains at $799. We always take into account feedback of members, and All-Inclusive dues have [...]

PPP Loan Forgiveness Calculator Available; Push Continues for Additional Guidance

A PPP Loan Forgiveness calculator is now available, developed by the AICPA (clicking on the link automatically downloads this Excel spreadsheet). The Treasury Department and the SBA issued their PPP loan forgiveness application, which [...]

Three Bauknight Pietras & Stormer CPAs Share Their ‘How I Work – From Home’ Stories With SCACPA

Longtime SCACPA members know that a regular feature of the Association’s quarterly magazine is “How I Work.” In every issue of South Carolina CPA Report, we strive to showcase the different tools of their [...]

View From the Dome: General Assembly Passes Continuing Resolution for State Budget; Close-Contact Businesses Can Resume Monday, May 18

By Copper Dome Strategies Friday, May 15, 2020 The General Assembly returned to Columbia this past week for a one-day session. The accelerateSC subcommittees met again this week to discuss recommendations to the governor on [...]

Go Beyond ‘Virtual Spring Splash’ With Livestream Tracks of Government, Nonprofit, Ethics and More All Through May and June

While this year’s full, in-person Spring Splash can’t be a reality, here is SCACPA’s solution: Spring Splash 2020 is going virtual, and we’re offering you options, options and more options for all your CPE [...]

Are You Up to Date on COVID-Related Auditing Delays? Here’s a Recap

We can understand if you feel overwhelmed by the rapid rate of adjustments and delays to standards over the past few months. That’s why SCACPA thanks Galasso Learning Solutions for teaming up to recap [...]

Galasso Learning Solutions: Delays are in Store for Ethics, Peer Review

We wanted to alert you to these updates on decisions about delays from the AICPA’s Professional Ethics Executive Committee and Peer Review Board. PEEC Delays and Exposure Draft The AICPA's Professional Ethics Executive Committee (PEEC) [...]

We’re Bringing the SCACPA Annual Member Meeting to You on May 18!

SCACPA Board Chair Zoe Davis, CPA, and the entire Board of Directors invite all Association members to attend SCACPA’s Virtual Annual Member Meeting (MEABMLI), which will be held via livestream on Monday, May 18 [...]

Attention Attendees of Virtual Spring Splash! Here’s How to Make Sure You and Your Devices are Prepared for SCACPA’s Biggest Two Days of Livestream Ever

Your Virtual Spring Splash is only a few days away, and we want to make sure you have everything you need to get the most out of your professional education experience on May 14-15. [...]

Your Guide to Virtual Spring Splash 2020: Course Descriptions, Online Classroom Links and Registration Tools

Spring Splash 2020 is going virtual, and we’re offering you more options than ever. SCACPA is delivering our planned tracks of Tax and A&A via livestream on May 14-15. You can earn 16 hours [...]

View From the Dome: Gov. McMaster Announces that Indoor Dining in SC Can Resume on May 11

By Copper Dome Strategies Friday, May 8, 2020 The accelerateSC committee met again this past week to discuss recommendations to the governor on getting the economy moving again. The House COVID-19 Small Business Regulatory [...]

Board of Economic Advisors Reduces SC FY20-21Tax Revenue Estimate by Another $58.3M to Nearly $702M

Keep up with all SCACPA updates specific to the Coronavirus/COVID-19 situation at www.scacpa.org/covid-19-response-and-resources South Carolina’s Board of Economic Advisors lowered next year’s budget estimate by $58.3 million at a morning meeting on Friday, May 8. [...]

SC News and Tax Roundup: State Businesses Can Look Up Revitalization Resources at AccelerateSC Website

Also in this edition: USC’s In-Person Classes to Resume for Fall Semester Columbia Airport’s Airline Passengers Will be Required to Wear Masks ‘Economan’ Parish Seeks Early Release from Prison Due to Coronavirus Diagnosis Your [...]

Introducing the PPP Loan Forgiveness Services Matrix

Keep up with all SCACPA updates specific to the COVID-19 situation at https://www.scacpa.org/covid-19-response-and-resources. The PPP Loan Forgiveness Services Matrix is a new AICPA tool to help CPAs navigate their engagements or other services around [...]