Genuine Learning Blog: 2023-2024 Review of the Private Company Council
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
View from the Dome January 10, 2025
The first regular session of the 126th South Carolina General Assembly will convene this Tuesday, January 14, at noon. The 18-week session will be the first year of a two-year legislative session. Several issues debated last year will once again be front and center, including income tax cuts, expanding electric generation capacity, school choice, restructuring …
View from the Dome January 24, 2025
The second week of the session saw a few meetings take place and others canceled as a winter storm left snow and ice over much of the state, making driving hazardous. There was no floor debate in either chamber, as both were in perfunctory session this week. The Senate Finance Committee received an update on …
Genuine Learning Blog: Stages Out, Simplicity In: Proposed Updates to Accounting for Internal-Use Software
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
Modernizing CPA Regulations: A Win for Public Protection and Workforce Development
The new legislative session kicked off on Tuesday, January 14, marking the beginning of South Carolina’s two-year legislative cycle. This first year sets the stage for critical discussions and actions on bills like Senate Bill 176. South Carolina’s CPA profession is the backbone of our state’s economic stability. To ensure it keeps pace with modern …
Genuine Learning Blog: GASB Implementation Guidance Update 2025 – Exposure Draft
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
Genuine Learning Blog: 2024 Year in Review
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
Understanding the Beneficial Ownership Information (BOI) Reporting
Author: Corpag This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report Let’s talk about Beneficial Ownership Information (BOI) Reporting—a crucial step toward making the business world more transparent and accountable. The Corporate Transparency Act is a law that aims to tackle financial crimes like money laundering and fraud by requiring …
DEW Makes Timesaving Upgrades to Wage Garnishments Process
Author: South Carolina Department of Employment and Workforce This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report Employers and TPAs can now make wagegarnishment payments electronically through theEmployer Self-Service (ESS) portal on the SouthCarolina Department of Employment and Workforce(DEW) website. Wage garnishment is one of themethods by which DEW can …
SCDOR Issues Tax Relief Due To Hurricane Helene
Author: South Carolina Department of Employment and Workforce This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report On October 7, 2024, the South Carolina Department of Revenue granted relief to South Carolina taxpayers in the wake of Hurricane Helene. Several returns and payments originally due between September 25, 2024, and …