SCACPA Blog

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

Watch: SCACPA’s Lynn Nichols Explains Latest 199A Instructions for Rental Income and Determining W-2 Wages

The South Carolina Association of CPAs is proud to use the power of its outreach to provide members with when-you-need-it guidance on significant developments in tax law. With our connections to experts in the [...]

SC News Roundup – Darla Moore: State’s Businesses Should Use Leverage to Demand Education Reform

Darla Moore: State’s Businesses Should Use Leverage to Demand Education Reform Darla Moore, one of South Carolina’s most prominent business leaders and philanthropists, called for urgent action on education reform by means of teacher [...]

AICPA Letter to IRS, Treasury: Taxpayers Need More Relief for Underpayment Penalty

In the months since adjusted withholding tables were implemented by the IRS in the wake of the Tax Cuts and Jobs Act, it has become clear to individual taxpayers and tax preparers that the tables [...]

Learn to Protect Your Files from Ransomware in SCACPA’s #TechTuesday

SCACPA’s #TechTuesday continues with another weekly video presentation hosted by our tech guru and CEO Chris Jenkins. Managing Windows security can be a pain, and Windows notifications can be distracting. In this #TechTuesday, Chris [...]

As Taxpayers, Practitioners Navigate Effects of Government Shutdown, AICPA Writes Letter to Treasury, IRS

As tax filing season approaches, the AICPA and South Carolina Association of CPAs are receiving questions about the impact of the recent government shutdown on the IRS. Continuing the profession’s long-standing role as a resource [...]

View from the Dome: House Bill Advances to Eliminate Military Retirement Income from State Income Taxes

View from the Dome – Jan. 25, 2019 By Copper Dome Strategies, LLC Week three of the session saw numerous subcommittee and committee meetings in the House and Senate. Gov. Henry McMaster delivered his annual [...]

House Tax Policy Review Committee Learns that Tax Reform is ‘Evolution, Not a Revolution’ from Palmetto Promise Institute

The SC House Tax Policy Review Committee heard a presentation from Dr. Rebecca Gunnlaugsson of the Palmetto Promise Institute on Thursday, Jan. 24. The presentation was an update of her talk in September 2017. [...]

Treasury, IRS Announce Final Regulations on Qualified Business Income Deduction, Including Rental Real Estate Safe Harbor

The Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income deduction (section 199A deduction). The QBI deduction, created by the 2017 [...]

View from the Dome: House’s Tax Review Members Agree Property Tax Revisions Must Help Ed Funding

View from the Dome – Jan. 18, 2019 By Copper Dome Strategies, LLC After the pomp and circumstance of the inaugural activities, the General Assembly got to work with numerous subcommittee and committee meetings. [...]

A Guide to IRS Operations During the Appropriations Lapse

Source: IRS.gov Newsroom Due to the lapse in appropriations, most IRS operations are closed during the shutdown. An IRS-wide furlough began on Dec. 22 that affects many operations. The IRS reminds taxpayers that the underlying [...]

SC News Roundup: McMaster’s Budget Blueprint Calls for Pay Raises for Teachers, $200M in Tax Rebates

McMaster’s Budget Blueprint Calls for Pay Raises for Teachers, $200M in Tax Rebates Among the priorities in Gov. Henry McMaster’s 2019-20 executive budget proposal are requests for a 5% pay raise to South Carolina’s [...]

Here’s How to Follow SCACPA’s Legislative Updates Throughout the 123rd SC General Assembly

As the 123rd South Carolina General Assembly is underway, you can rely on SCACPA for updates and analysis on the issues that affect South Carolina CPAs. The SCACPA Advocacy Team knows that all your hard [...]

Legislation We’re Watching as the 123rd SC General Assembly Begins

Now that the first regular session of the 123rd South Carolina General Assembly has convened, the SCACPA Advocacy Team wants all members to be aware of four key bills we are monitoring. These include [...]

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