From the SCDOR: Hurricane Relief Update

| , ,

The SCDOR provided this information on October 7, 2024.

The SCDOR ​​is granting relief to South Carolina taxpayers in the wake of Hurricane Helene. Several returns and payments originally due between September 25, 2024 and May 1, 2025 are now due May 1, 2025.

This tax relief applies to all 46 South Carolina counties and follows the IRS’s decisionto issue relief due to the effects of the storm.

The SCDOR will automatically provide relief to affected taxpayers. No action is required. 

The following returns and payments are now due May 1, 2025:

  • 2023 Income Tax returns from individuals, businesses, and tax-exempt organizations who had a valid extension to file their returns.
    • Because tax payments related to 2023 Individual Income Tax returns were due April 15, 2024, those payments are not eligible for this relief.
  • 2024 Income Tax returns from individuals, businesses, and tax-exempt organizations, including Business Income Tax returns originally due March 15, 2025, and Individual Income Tax returns and payments originally due April 15, 2025.
  • Quarterly Estimated Income Tax payments originally due on December 16, 2024, January 15, 2025, and April 15, 2025. ​
  • Quarterly Withholding Tax returns originally due on October 31, 2024, January 31, 2025, and April 30, 2025.

Due dates that were extended to February 3, 2025 under the tax relief due to Hurricane Debby (see IL #24-12) are now further postponed to May 1, 2025. The May 1, 2025 relief does not apply to other state taxes administered by the SCDOR.

Genuine Learning Blog: AICPA Seeks Comment on Administrative Peer Review Proposal for Firms with PE Backing & Other APS

On Sept. 10, the AICPA's Peer Review Board proposed Peer Review Standards Update (PRSU) No. 3, which would centralize the ...
READ MORE

Career Opportunity: Senior Accountant – Maybank Properties, LLC

Maybank Properties, LLC, a well-established, family-owned real estate enterprise based in Charleston, South Carolina, is seeking a Senior Accountant to join their team immediately in their Charleston office on a ...
READ MORE

Accounting Practice Sale | South Carolina CPA Firm for Sale

Accounting Practice for Sale: Upstate small town CPA looking to retire and sell practice. Mainly tax preparation. Located at 310 Lake Street in Laurens, SC. Practice has been at present ...
READ MORE