The House Ways and Means Committee adopted its version of the state budget. School choice, energy generation, government restructuring and tort reform were also debated this week in committee. As this was the sixth week of the session, we have now completed one-third of the 18-week legislative session. This week, the House adopted H. 3814 (Rep. Hixon), …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
State economists met and increased the budget estimate for next year due to our growing economy. The House passed its first major legislative priority dealing with energy generation. Numerous subcommittees met in both bodies, advancing legislation.. On Tuesday, the House Agriculture, Natural Resources and Environmental Affairs Committee adopted H. 3814 (Rep. Hixon), a Joint Resolution relating to …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
On Wednesday, February 12, SCACPA members gathered in Columbia for the second annual Love Our Legislators Day. This impactful event strengthened connections between CPAs and their elected officials. This high-energy day was a fantastic opportunity to share the CPA story and advocate for the profession. The day began with a welcome breakfast, setting the stage …
Author: Jaclyn Veno, CPAThis article originally appeared in the Fall 2024 issue of the South Carolina CPA Report The AICPA’s National Pipeline Advisory Group (NPAG) initially began work in July 2023 to respond to the accounting talent shortage, which is currently one of the accounting profession’s most pressing issues. After extensive research, surveys, and stakeholder …
South Carolina CPAs, take note: The IRS has confirmed a systemic input issue that caused erroneous late filing penalty notices for taxpayers in disaster-affected areas. We have learned some South Carolina zip codes were not correctly flagged for disaster relief, leading to unnecessary penalty assessments and, in some cases, improper enforcement actions. What You …
The General Assembly met in a Joint Session this week for the election of judges. Numerous subcommittees and committees met to advance bills, including several major priorities of school choice, energy security and restructuring the state’s behavioral health agencies. On Tuesday, by a unanimous vote, the Senate adopted S. 103 (Senator Climer), which would make it unlawful …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
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