Engagement Alternatives to Single Audits for For-Profit Entities Receiving Provider Relief Funds
By Melisa Galasso, CPA, CSP, CPTDThis article originally appeared in the Winter 2023 issue of the South Carolina CPA Report. As a result of a plethora of federal funding, many for-profit entities received pandemic-related funding. To ease the burden on these entities and their auditors, the federal government is, in some cases permitting alternative engagements (i.e., …
Rearview from the Dome
Provided by Copper Dome Strategies, LLC The 1st regular session of the 125th South Carolina General Assembly concluded last week. Many of the priorities going into the session were realized, including new restrictions on abortions, school choice via education scholarships, restructuring the Department of Health and Environmental Control (DHEC), prioritizing workforce and economic development, eliminating …
From Gallagher: Get Affordable Solutions for Your Workspace
Content provided by Gallagher. SCACPA members can access these benefits and more as a part of their membership benefits package. We believe that a well-equipped workspace contributes significantly to efficiency, organization, and the overall success of your endeavors. Whether you need ink and toner, paper, office or school supplies, count on ODP Business Solutions™ to …
SCDOR To Stop Issuing Debit Cards for Refunds
In a recent announcement, the South Carolina Department of Revenue (SCDOR) has informed taxpayers and tax professionals, including CPAs, about a significant change in their refund disbursement process. Effective June 29, 2023, the SCDOR will no longer issue debit cards for tax refunds. This stems from Bank of America’s decision to phase out pre-paid debit …
Important Regulations Updates & More from Legislative Season
Last year, the passage of S.812 significantly updated the Accounting Practice Act. Almost as soon as the ink dried on the bill, task forces began drafting revisions to the regulations to align with the new law. SCACPA and the Board of Accountancy worked to update Chapter 1 of the South Carolina Code of State Regulations …