Trinity

IRS’ Plan to Revise R&D Credit Form 6765Appears Imminent

Author: Michael Krajcer, JD, CPA, President, and Margaret Krajcer, JD, Vice President and General Counsel of Tax Credits Group This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report Overview The R&D credit has existed for more than 40 years and is claimed annually by millions of U.S. companies. Historically, taxpayers claiming …

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AICPA Ethics Interpretations: A Closer Look

Author: Jaclyn Veno, CPA This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report he Professional Ethics Executive Committee (PEEC), a senior committee of the AICPA, is tasked with interpreting and enforcing the AICPA Code of Professional Conduct. This includes issuing interpretations that address emerging ethical challenges and guiding members in maintaining …

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Connect First. Give Advice Second.

Author: David R. Peters, CPA, CFP, CLU, CPCU This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report Part of what gets in the way of connecting with clients is the language and words we use. We need to establish credibility. I believe this is the part that many of us get …

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Time Management: Building a Powerful Day

Author: Doug Van Dyke, CEO, Leadership Simplified This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report As CPAs, time is your most valuable asset. Sometimes, it can feel like there’s never enough time to get everything done. However, by implementing some simple time management strategies, you can take control of …

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SCDOR Tips for the 2025 Tax Season

By: SCDOR This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report The SCDOR has some tips to help you and your clients through tax season and the rest of 2025 New for the 2025 filing season: And remember, the SCDOR is always here to help.

View from the Dome April 18, 2025

The Senate worked through its calendar and held numerous committee meetings, while the House of Representatives took the week off for its annual Easter furlough. Just nine legislative days remain before adjournment for the year. On Tuesday, the Senate Agriculture and Natural Resources Committee once again took testimony and questioned Ms. Myra Reece, Interim Director …

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CPA-AI: Your Roadmap to Everyday Success

Author: Liz Peuster, CAE This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report As many of you know, I’m passionate about helping CPAs embrace the power of AI to transform their work. CPAs can leverage AI to streamline operations, enhance productivity, and drive success. Navigating the AI Landscape: Key Considerations Integrating …

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View from the Dome April 4, 2025

With just five weeks left in the legislative session, both the Senate and House worked well into the evening on Wednesday. The Senate passed energy generation legislation, while the House passed legislation banning DEI programs. The much-touted income tax reduction plan was placed on hold for the time being. Legislation restructuring the state’s behavioral health …

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South Carolina Lawmakers Propose Flat 3.99% Income Tax Rate

At a press conference on March 25, state legislative leadership including Speaker of the South Carolina House of Representatives Murrell Smith, Senate President Thomas Alexander, Senate Finance Chairman Harvey Peeler, House Ways and Means Chairman Bruce Bannister, and Americans for Tax Reform President Grover Norquist, joined Governor Henry McMaster to announce proposed state income tax …

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