View From the Dome | April 19, 2024
Provided by Copper Dome Strategies, LLC Judicial elections were held on Wednesday. There were numerous subcommittee and committee meetings as the clock is beginning to wind down on the session. Only three weeks remain in the legislative session. The House Artificial Intelligence (AI) Ad Hoc Committee met again yesterday. The committee heard presentations from Presidio …
Spring Splash Presents: Economic Update with Frank Rainwater
SCACPA is thrilled to once again welcome Frank Rainwater, executive director of the SC Revenue & Fiscal Affairs Office, to Spring Splash! Frank is renowned for his informative Economic Update, which he will present at this year’s Spring Splash. Of his session, Frank says: “This presentation will cover a variety of economic, revenue, and legislative …
OMB Pre-Releases Changes to Uniform Guidance
Submitted by Galasso Learning Solutions Further information will be made available as it happens. Upcoming GLS Governmental courses will feature deeper content on this topic, as will future SCACPA communications. While many of you are still very knee deep in the 2023 busy season, GLS wanted to inform you that OMB released an updated version of …
SCACPA Adds Its Name to Letter Voicing BOI Concerns
In a letter addressed to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), SCACPA and its peers voiced serious concerns regarding enforcing the reporting requirements for the Beneficial Ownership Information (BOI). The letter – signed by all 54 state CPA societies and the AICPA – asks that all enforcement actions …
From the IRS: Transcript Delivery Service Authorization Change
Submitted by the IRS As part of the IRS’ effort to continue combatting identity theft and protecting taxpayers’ personal information, we’re making changes that will impact how tax professionals receive transcripts. Beginning April 8, 2024, tax professionals must call the Practitioner Priority Service (PPS) to request transcripts to be deposited into their Secure Object Repository (SOR). …
View From the Dome | March 30, 2024Rearview from the Dome
Provided by Copper Dome Strategies, LLC Two-thirds of the eighteen-week legislative session has been completed, and just six weeks remain before the May 9 adjournment. Both chambers were busy this week working through their calendars to move legislation before the April 10 crossover deadline. The House passed legislation to enhance our state’s energy needs and …