By: SCDEW This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report South Carolina has a lot to be proud of, including our workforce and great jobs available statewide thanks to our thriving economy. Accounting jobs figure prominently in the success and responsible management of public and private employers’ day-to-day operations. …
The Senate worked through its calendar and held numerous committee meetings, while the House of Representatives took the week off for its annual Easter furlough. Just nine legislative days remain before adjournment for the year. On Tuesday, the Senate Agriculture and Natural Resources Committee once again took testimony and questioned Ms. Myra Reece, Interim Director …
Author: Liz Peuster, CAE This article originally appeared in the Winter 2025 issue of the South Carolina CPA Report As many of you know, I’m passionate about helping CPAs embrace the power of AI to transform their work. CPAs can leverage AI to streamline operations, enhance productivity, and drive success. Navigating the AI Landscape: Key Considerations Integrating …
With just five weeks left in the legislative session, both the Senate and House worked well into the evening on Wednesday. The Senate passed energy generation legislation, while the House passed legislation banning DEI programs. The much-touted income tax reduction plan was placed on hold for the time being. Legislation restructuring the state’s behavioral health …
At a press conference on March 25, state legislative leadership including Speaker of the South Carolina House of Representatives Murrell Smith, Senate President Thomas Alexander, Senate Finance Chairman Harvey Peeler, House Ways and Means Chairman Bruce Bannister, and Americans for Tax Reform President Grover Norquist, joined Governor Henry McMaster to announce proposed state income tax …
In a March 21 release, FinCEN announced its issuance of an interim final rule (IFR) that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. The IFR aligns with the March 2 U.S. Department of the Treasury announcement suspending enforcement of the …
On November 14, 2024, the FASB issued an Invitation to Comment (ITC) on Financial Key Performance Indicators (KPIs) for Business Entities …
Week ten is now complete, with just eight more weeks remaining in the legislative session. The House was on furlough this week, as it usually is the week following passage of the state budget, although several subcommittees and committees met. The Senate continued debate on tort reform On Wednesday, a subcommittee of the House Agriculture, …
The FASB has proposed updates to Interim Reporting (Topic 270) to improve clarity and ensure users understand when and how the guidance applies …
From Gray to Green: New Proposed Standards for Environmental Credits …
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