SC DOR Revises its Revenue Ruling on Sales and Use Tax Economic Nexus Standard
The South Carolina Department of Revenue has announced an advisory opinion that updates SC Revenue Ruling #09-9 concerning when a retailer must remit a local jurisdiction’s Sales and Use Tax. It is the Department’s position [...]
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In Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence RecoveryIn Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence Recovery
Auditing & Accounting, Business & Industry, Featured, Governmental, Legislative/Advocacy, Regulatory, Tax
In Letter to S.C. Congressional Delegation, Gov. McMaster Requests Help for Federal Support, Individual Assistance for Florence Recovery
Gov. Henry McMaster sent a letter to South Carolina’s congressional delegation on Thursday, requesting their continued support for his request for Federal disaster assistance for an expected $1.2 billion in damages needed for recovery efforts [...]
SEC Offers Regulatory Relief for Florence
The Securities and Exchange Commission announced Wednesday that it is providing regulatory relief to accountants, transfer agents, municipal advisors, publicly traded companies, investment companies, and others affected by Hurricane Florence where the loss of property, power, [...]
SC DOR to Offer Case-By-Case Tax Relief for Hurricane Florence
The South Carolina Department of Revenue announced on Tuesday that it will work on a case-by-case basis to waive any penalties assessed for taxpayers who cannot meet state filing or payment requirements because of [...]
SC DOR Issues Advisory Opinion for Remote Sellers and Sets Economic Nexus Standard of $100,000
The SC Department of Revenue has approved and issued its Advisory Opinion, Revenue Ruling 18-14: Retailers Without a Physical Presence (“Remote Sellers”) – Economic Nexus, on Tuesday, Sept. 18. It specifically affects remote sellers, defined [...]
Tax Conformity Arrangement Moves Forward from Senate Finance Subcommittee
The push to enact Tax Conformity in South Carolina passed a significant milestone as the Senate Finance Subcommittee on Conformity unanimously adopted an amendment to a House bill on Tuesday afternoon, Sept. 18. The [...]
IRS Reminder: Beware of Disaster Scammers During Florence Recovery
The IRS is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters, such as Hurricane Florence. Fraudulent schemes normally start [...]
SCACPA Urges IRS to Consider Paths for Tax Deadline Extensions for Those Under Mandatory Evacuation Orders
South Carolina’s road to recovery from Hurricane and Tropical Storm Florence will be long, but SCACPA has been hard at work to secure assistance and relief for the state’s taxpayers and preparers. On Monday, [...]
SCACPA Watches for State, Federal Responses to Tax Deadline Disaster Extension Requests
With mandatory evacuations along the South Carolina coast underway in anticipation of Hurricane Florence, SCACPA reached out early in the week to the SC DOR and the Governor’s Office to communicate the need for tax [...]
S.C. News Roundup: Tourism Crowds Skip Lowcountry After Florence Evacuation Order
Tourism Crowds Skip Lowcountry After Florence Evacuation Order Hotels in the Charleston area, where occupancy rates typically are 85% in this part of the tourism season, are focused on safety and security as visitors [...]
SCACPA Announces H. McRoy Skipper Scholarship Fund as Month of Service Project
A scholarship fund in memory of former SCACPA President H. McRoy Skipper, CPA, is being launched in conjunction with October’s 2018 Month of Service, the South Carolina Association of CPAs has announced. “I can’t [...]
IRS has Taxpayer Assistance Plans as Hurricane Florence Approaches
As Hurricane Florence advances, SCACPA is sharing the following preparedness advice from the IRS. In the coming days, South Carolina is projected to be affected by severe storms, flooding and high winds that can cause [...]
Preparedness Steps in Advance Of Hurricane Florence
The South Carolina Association of CPAs wants our members to be aware we are monitoring weather forecasts for Hurricane Florence and its possible effects on SCACPA functions and emergency preparedness throughout the week. SCACPA [...]
S.C. News Roundup: Why Tariffs Knocked Rural Winnsboro
Why Tariffs Knocked Rural Winnsboro Element Electronics in Winnsboro (35 minutes north of Columbia on I-77) employs 134 people as the country’s only TV assembly plant but layoffs are set to begin Oct. 5 [...]
USC Friends of Accounting Kick-Off Connects Students, Alumni
SCACPA was proud to be a presenting co-sponsor of the University of South Carolina's FAD (Friends of Accounting) Fall Kick-Off reception on Thursday, Aug. 30, at Stone River along the West Columbia Riverwalk. Those [...]
SCACPA Mourns the Loss of Past President H. McRoy Skipper Jr., CPA, and Jo Skipper
The South Carolina Association of CPAs is mourning the loss of H. McRoy Skipper Jr., CPA, and his wife, Jo, who both died in a tragic multi-vehicle traffic accident on a North Carolina interstate, [...]
S.C. News Roundup: IRS Loophole Proposal Could Constrict Exceptional SC Scholarship Donations
IRS Loophole Proposal Could Constrict Exceptional SC Scholarship Donations Proposed IRS regulations that attempt to clarify expectations between charitable contributions and tax payments could limit a loophole that made the Exceptional SC scholarship and [...]
Share the Success: SCACPA Social Media Has You Covered
The SCACPA Communications team is happy to provide you with the weekly Current Assets e-newsletters every Thursday and our quarterly South Carolina CPA Report magazine. But you can find important news and share your [...]
Columbia Business Review Ranks Bauknight, Pietras & Stormer as Columbia’s Top Accounting Firm
Bauknight Pietras & Stormer, P.A., which started in 1991 as a four-person accounting practice, has been ranked the No. 1 accounting firm in the Columbia region, according to Columbia Business Review’s annual book of lists [...]
SCACPA Presents: A Free 8-Hour Comprehensive 199A Update Course on Sept. 20
COURSE TITLE: “Complete Coverage of 199A Regulations” REGISTER NOW: SMTX59 – In-Person | LITX59 – Livestream Lynn Nichols, CPA, host of SCACPA’s Federal Tax Update Podcast and presenter for the South Carolina Tax Team, [...]