The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby. Affected taxpayers in South Carolina, North Carolina, Florida and Georgia now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
SCACPA continues its steadfast commitment to fostering the next generation of Certified Public Accountants. In alignment with its objective to propel promising students into the CPA profession, the SCACPA Educational Fund has awarded a substantial sum in scholarships to students across South Carolina higher institutions this year. For the 2024-25 academic year, the SCACPA Educational …
The most recent edition of the SC Board of Accountancy Newsletter is available for download here. The newsletter details the upcoming New CPA Oath Ceremony to be held in conjunction with the SCACPA Fall Fest Accounting Conference on November 14. If you or someone you know received a CPA license as of April 1, 2024, …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
AICPA updates its Digital Assets Practice Aid with new chapters on valuation, auditing procedures, and a streamlined Q&A format.
The latest session of the Supreme Court brought significant decisions that directly impact the realm of tax law. Here’s a concise look at the major cases and their implications: The Moore Case The Moore case decision on June 20, 2024, garnered substantial attention among tax professionals. The Supreme Court upheld, by a 7-2 majority, that …
By Melisa F. Galasso, CPA, Galasso Learning Solutions LLCThis article originally appeared in the Spring 2024 issue of the South Carolina CPA Report On April 4, the Office of Management and Budget uploaded a “Pre-publication Version” of the Uniform Grants Guidance 2024 Revision. The changes were intended to provide simplification and burden reduction. The 2024 …
Jaclyn Veno, CPA | Member since 2023This article originally appeared in the Spring 2024 issue of the South Carolina CPA Report Over the past few years cryptocurrency has been a very hot topic, as evidenced by the responses to the 2021 Financial Accounting Standards Board (FASB) Invitation to Comment (ITC). In response to the ITC, …
By Chris Jenkins, CAE, SCACPA CEOThis article originally appeared in the Spring 2024 issue of the South Carolina CPA Report Artificial intelligence (AI) is reshaping how businesses operate, and the accounting sector is no exception. For small CPA firms, AI offers enticing opportunities to streamline processes, boost efficiency, and enhance the quality of client services. …
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