Month: January 2025

From Paychex: Help your clients with BOI reporting

This content was submitted by Paychex and is not indicative of SCACPA’s position, interpretation, or opinion of BOI Reporting. Paychex will offer a Beneficial Ownership Information (BOI) Reporting Service to help our customers comply with FinCEN reporting and filing requirements. As part of this service, participating customers will have their initial report filed and then …

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View From the Dome | May 24, 2024

Provided by Copper Dome Strategies, LLC The Conference Committee on the state budget met and organized this week. The General Assembly will return beginning next week to deal with unfinished business. Primary elections will be held on Tuesday, June 11. To view all bills ratified and signed click here. The Conference Committee on the FY2024-25 General …

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Understanding IRS CAF Numbers and “Pending Review” Status

CAF (Centralized Authorization File) numbers are vital for tax practitioners, enabling them to represent taxpayers before the IRS. However, these numbers can sometimes be placed in “pending review” status due to potential security concerns.  The IRS’s Office of Professional Responsibility has aggregated several resources to provide news and guidance to practitioners. You can access that …

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View From the Dome | May 24, 2024

Provided by Copper Dome Strategies, LLC State economists met this week and increased the revenue estimate adding more funds to the state budget. Governor Henry McMaster signed a number of bills into law. The General Assembly will return next month to deal with unfinished business. Governor Henry McMaster recently signed the following into law: S. …

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AICPA & CIMA CEO announces retirement

May 22, 2024 — Today, Barry Melancon, CPA, CGMA, announced that he plans to retire on December 31, 2024, from his role as President and CEO of the American Institute of CPAs (AICPA) and CEO of the Association of International Certified Professional Accountants (the Association). The Association is the world’s largest accounting membership body of public …

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View From the Dome | May 10, 2024

Provided by Copper Dome Strategies, LLC The 125th General Assembly adjourned Sine Die yesterday at 5:00 pm after a flurry of last week activity. The second year of the two-year session is not yet over, though, as a Sine Die resolution was adopted allowing the General Assembly to return to Columbia for unfinished business, including …

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