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

View From the Dome: House Members Have Upcoming Week to Study Budget Before Floor Debate

By Copper Dome Strategies Friday, Feb. 28, 2020 The future of state-owned utility Santee Cooper was front and center this week as both the House and Senate held hearings Monday through Thursday. The Senate took [...]

Senate to Consider SC Business License Tax Standardization Act

The House of Representatives gave third and final reading approval to H.4431 (Reps. Jordan, Fry, Rose, Atkinson and others), the "South Carolina Business License Tax Standardization Act” on Thursday, Feb. 27. The House approved [...]

Coastal Chapter Members: ‘Lunch and Learn’ Opportunities are Back in March!

There’s good news for Coastal Chapter members who are hungry for CPE opportunities in the coming months: the popular “Lunch and Learn” series of events is back. From March through June, we're planning to [...]

Central Chapter’s Meet & Greet with Legislators is Grassroots Dialog on May 27

The Central Chapter of the South Carolina Association of CPAs will host its annual “CPA Meet & Greet” with state legislators in the Vista Room of the Blue Marlin restaurant for “Meet Your Legislators” [...]

View From the Dome: House Floor Debate is Up Next for Budget After Ways and Means Committee Plan Adopted (Feb. 21)

By Copper Dome Strategies Friday, Feb. 21, 2020 The potential sale of state-owned utility Santee Cooper has taken center stage at the State House, with hearings occurring through the week and continuing next week. The [...]

Melisa Galasso A&A Interview: Private Company Council Member Jeremy Dillard and Standard-Setting Advocacy

“GAAP has become increasingly complex in the past decades, and it’s probably the biggest issue impacting private companies” By Melisa Galasso, CPA | SCACPA Advisor and Speaker on A&A Topics Melisa Galasso [...]

SC News and Tax Roundup: SCDOR Delivers Lists of Top Delinquent Individual, Business Taxpayers

IN THIS EDITION: SCDOR Delivers Lists of Top Delinquent Individual, Business Taxpayers … SCDOR Releases Public Draft on Casual Excise Tax for ​Sales of Boats, Boat Motors, and Airplanes … House Bill Proposes to [...]

Here’s Why More Businesses and Manufacturers are Considering the R&D Tax Credit this Filing Season

By Michael Krajcer, CPA, J.D. | | SCACPA Contributor We’ve all seen by now that the Tax Cuts and Jobs Act of 2017 was a monumental tax reform act. It provided many benefits to [...]

Attention, Enrolled Agents: SCACPA is Now an IRS-Approved Tax Education Provider

The South Carolina Association of CPAs is excited to announce it is now an IRS-approved provider for our Tax continuing education courses. For Enrolled Agents and non-CPAs in and around South Carolina who have [...]

Burch, Oxner, Seale is Named SCACPA’s Community Connected Engagement Award Winner for 2019’s Month of Service

Kristina Johnson, Kyle New and Reba Gaskins of Burch, Oxner, Seale. Congratulations to Burch, Oxner, Seale Co., CPAs, PA for winning SCACPA’s annual Community Connected Engagement Award in recognition of their work [...]

View From The Dome: Board of Economic Advisors Announces Largest Budget Surplus in SC History (Feb. 14)

By Copper Dome Strategies Friday, Feb. 14, 2020 The long-awaited recommendation on the future of state-owned utility Santee Cooper has been released. The Senate went late into the night on Tuesday debating education reform [...]

Galasso A&A Video Blog: Presentation & Disclosures by Not-For-Profit Entities for Contributed Nonfinancial Assets

FASB has issued a proposed Auditing Standards Update titled “Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.” Gifts in kind have received a lot of attention for pharmaceutical donations, but this proposal [...]

New at the SCDOR in 2020: Filing for Amended Returns, a Boost to the Motor Fuel Income Tax Credit and More

By the South Carolina Department of Revenue In 2019, the South Carolina Department of Revenue collected a record $13.2 billion in revenue for South Carolina, launched a comprehensive State Tax Lien Registry, and issued [...]

Galasso A&A Video Blog: SOP 20-1: Global Investment Performance Standards

The AICPA has issued a Statement of Position to address when a practitioner reports under the new 2020 GIPS standards. As the standards were updated, effective Jan. 1, 2020, the AICPA addressed the requirements [...]

SC News and Tax Roundup: IRS, Treasury Release Proposed Regulations to Update Income Tax Withholding Rules

In This Edition: IRS, Treasury release proposed regulations to update income tax withholding rules … New legislative year for states includes new threats to CPA licensing … A conversation with USC Moore School of [...]

Instructors Needed for Small Business Tax Workshops on IRS Topics in Charleston Area

The IRS is seeking volunteers to teach taxpayer rights and responsibilities to Charleston-area small business owners at local Small Business Tax Workshops sponsored by the South Carolina Small Business Development Centers. IRS topics may include: [...]

View From The Dome: Senate Finance Committee Approves Business Personal Property Bill for DOR Filing (Feb. 7)

By Copper Dome Strategies Friday, Feb. 7, 2020 The General Assembly held a Joint Session on Wednesday to elect judges and several college trustees. The Senate is in the fourth week of debating education reform. [...]