By David Donovan, Senior Infrastructure Architect, VC3 This article originally appeared in the Winter 2023 issue of The South Carolina CPA Report There is no denying that backing up your CPA firm’s data is important. Ransomware attacks, natural disasters, and hardware failures can easily lead to permanent data loss. It is crucial to have a plan …
The South Carolina Department of Revenue’s Information Letter #23-11 provides an overview of tax law changes enacted during the 2023 legislative session in South Carolina. The main updates include: Income Taxes Property Taxes Sales and Use Taxes Miscellaneous The letter also lists all new and re-enacted temporary budget provisos impacting taxes in South Carolina for …
The South Carolina Department of Revenue (SCDOR) has announced changes concerning the state’s Maximum Sales & Use Tax (Max Tax). Here are the key takeaways: For comprehensive details about Max Tax and its updates, consult Revenue Ruling 23-3 or visit dor.sc.gov/maxtax. Stay updated and ensure compliance with these changes if they apply to your business.
By Walda Wildman, CPA All kinds of big companies are playing up their compliance with ESG standards. However, those companies haven’t had any codified standards to use in preparing those reports. As a result, it’s not been easy to compare the reports or to know if they have real meaning. That changed last June when …
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