Provided by Copper Dome Strategies, LLC The 1st regular session of the 125th South Carolina General Assembly concluded last week. Many of the priorities going into the session were realized, including new restrictions on abortions, school choice via education scholarships, restructuring the Department of Health and Environmental Control (DHEC), prioritizing workforce and economic development, eliminating …
Content provided by Gallagher. SCACPA members can access these benefits and more as a part of their membership benefits package. We believe that a well-equipped workspace contributes significantly to efficiency, organization, and the overall success of your endeavors. Whether you need ink and toner, paper, office or school supplies, count on ODP Business Solutions™ to …
In a recent announcement, the South Carolina Department of Revenue (SCDOR) has informed taxpayers and tax professionals, including CPAs, about a significant change in their refund disbursement process. Effective June 29, 2023, the SCDOR will no longer issue debit cards for tax refunds. This stems from Bank of America’s decision to phase out pre-paid debit …
Last year, the passage of S.812 significantly updated the Accounting Practice Act. Almost as soon as the ink dried on the bill, task forces began drafting revisions to the regulations to align with the new law. SCACPA and the Board of Accountancy worked to update Chapter 1 of the South Carolina Code of State Regulations …
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 …
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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