Month: December 2024

South Carolina Governor Appoints Brian J. Gaines as Comptroller GeneralSouth Carolina Governor Appoints Brian J. Gaines as Comptroller General

In an Executive Order issued today, South Carolina Governor Henry McMaster announced the appointment of Brian J. Gaines as the new Comptroller General of the State of South Carolina. This follows the resignation of Richard Eckstrom as Comptroller General, effective April 30, 2023. According to Executive Order No. 2023-12, the South Carolina Constitution provides that …

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Leases

By Jaclyn Veno, CPA, Galasso Learning SolutionsThis article appears in the Spring 2023 issue of the South Carolina CPA Report For more than a decade, leases have been a hot topic in accounting. Although Topic 842 was required to be adopted by the end of 2022 for private entities and many nonprofits, there are still changes …

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SCDOR Launches Enhanced Online Business Tax Application

The South Carolina Department of Revenue (SCDOR) has launched an enhanced online Business Tax Application to simplify the registration process for new businesses in the state. The updated application features new user-friendly tools, intuitive navigation, and an integrated help center to guide applicants through registration. First-time business applicants will create an account through MyDORWAY, SCDOR’s …

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