AICPA Statement: Further Relief and Deadline Certainty Needed This Tax Season from IRS
Note: SCACPA wants all our members to know we understand the importance of certainty for taxpayers and tax practitioners regarding due dates. We are sharing with you the following AICPA statement that calls on the [...]
Lynn Nichols Federal Tax Update (Week of Feb. 22, 2021): Expert Consensus on Tax Opinions Standards
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide current information about developments [...]
DEW Tells You What to Know about Unemployment Insurance Fraud on its Revamped Website
The South Carolina Department of Employment and Workforce offers several options to report suspected cases of unemployment benefit fraud, identity theft and job refusals. The preferred method to submit your report of suspected UI fraud [...]
Deadline to Apply for AICPA /SCACPA Minority Scholarship is Monday, March 1. Winners Can Earn Up to $5,000!
IMPORTANT SCHOLARSHIP DEADLINE APPROACHING! The deadline to apply for the AICPA/SCACPA Scholarship Award for Minority Accounting Students is 3 p.m. on Monday, March 1. Awards can range from $3,000-$5,000. For eligibility details and to [...]
SCACPA Membership Really Pays! You Can Get $100 for Referring a New Member
When we say we want more members like you, we mean it. We need your help to spread the word about all the benefits SCACPA membership affords. Through our advocacy, peer connection and higher-level [...]
View From the Dome (Feb. 19, 2021): Senate Sets Priority on COVID-19 Liability Safe Harbor Act as its Debate Continues
By Copper Dome Strategies Friday, Feb. 19, 2021 After heated debate and a Democratic walkout, the House adopted the Fetal Heartbeat bill this week, which was signed into law by the governor Thursday. The [...]
Galasso Learning Solutions: Quality Management Proposal (Part 2)
This week, we continue our discussion of the AICPA's proposed changes to Quality Management. SQMS 2 addresses the role and responsibilities of the engagement quality reviewer. We will look at the proposal, including the [...]
Lynn Nichols Federal Tax Update (Week of Feb. 15, 2021): Form 7202 for Self-Employed to Claim COVID Tax Credits
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide current information about developments [...]
‘Demystifying Finance’ with David Peters: Basic Taxation, Part 2
David Peters, in addition to being SCACPA’s advisor on B&I topics, is an acclaimed and in-demand educator about the financial industry. As a featured speaker for SCACPA, an adjunct faculty member at Winthrop University, [...]
The “Accountable” Podcast for CFOs: Navigating the Budgeting Process With Vic Taylor, CPA
Ah, the formidable corporate budgeting process. You're never going to get the funding you ask for, the budget will inevitably be blown halfway through the year, and the negotiation process is going to [...]
SCACPA Task Force Continues its Work to Strengthen Statutes
Many outdated areas are being updated, including mobility, education and CPA Exam requirements By David Knoble, CPA, CGMA | SCACPA Member since 2010 In addition to my role as vice chair of the Governmental [...]
SCACPA Honors Groundbreaking African American CPAs of South Carolina for Black History Month
Among notable CPAs in South Carolina history, Dr. Joseph L. “Joe” Boyd (certificate No. 572) is believed to be the first African American CPA in South Carolina in 1971. At the University of South [...]
Galasso Learning Solutions: Quality Management Proposal (Part 1)
The AICPA has issued three new proposals related to quality management. The new SQM Standards will replace the extant quality control (SQCS) and provide a more scalable and risk-based QM methodology. This is the first [...]
View From the Dome (Feb. 12): Senate to Consider Personal Finance Courses Requirement to Replace Economics Classes for High Schoolers
By Copper Dome Strategies Friday, Feb. 12, 2021 The House Judiciary Committee met into the evening on Tuesday and adopted the Fetal Heartbeat bill. The Senate approved a measure this week to add school [...]
Scholarship Applications are Open for 2021-22 Academic Year; Deadline for AICPA /SCACPA Minority Scholarship is March 1, Earn Up to $5,000!
The opportunities are endless in the accounting profession. And SCACPA wants to make sure as many accounting students as possible can find financial help along the way. The application period has opened as of [...]
SCACPA’s Annual Legislator’s Tax Guide is Here, Along with Helpful Regulatory Websites
The South Carolina Association of CPAs is proud to produce its annual “Tax Guide for Legislators,” which assists our representatives with their specific income tax implications of being a state legislator. As we prepare [...]
The SCDOR is Offering FREE Livestream CPE Tax Courses Now Through June, Don’t Miss Out
SCACPA is proud to be a long-time partner with the SC Department of Revenue in promoting the SCDOR’s high-quality CPE learning. As the SCDOR continues to offer its 2021 courses online, we will place [...]
Lynn Nichols Federal Tax Update (Feb. 8, 2021): Partner’s “Tax Capital” Calculation
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide current information about developments [...]
SCACPA Advocacy: Here are Best Practices for How to Talk to Legislators
SCACPA Advocacy: How to Talk to Legislators and Other Key People Best Practices for SCACPA Chapter Leaders and Members Getting to know your local legislators is critical as the SCACPA Advocacy Team looks to [...]
Partnership Tax Basis Capital Accounts – An Explanation from Lynn Nichols
Regarding the subject of partner “tax capital accounts.” It is a requirement for large partnerships in 2020 returns. Lynn Nichols, SCACPA’s advisor and speaker on Tax topics, believes that many CPAs do not seem [...]