Tax – South Carolina Association of CPAs

Featured, Legislative/Advocacy, Small Firm Resources, Tax

March 26, 2025

South Carolina Lawmakers Propose Flat 3.99% Income Tax Rate

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, ...

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BOI, Featured, Tax

March 26, 2025

FinCEN Issues Interim Final Rule Removing Requirement for U.S. Companies and U.S. Persons to Report BOI

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 ...

March 25, 2025

View from the Dome March 21, 2025

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 ...

March 18, 2025

View from the Dome March 14, 2025

The House passed its version of the state budget just after midnight on Tuesday and went home for the week. The Senate continues to work on tort reform legislation. This ...

March 13, 2025

View from the Dome March 7, 2025

Tort reform legislation took center stage in both the Senate and House this week. The House passed regulatory relief legislation and the Chief Justice of the Supreme Court addressed a ...

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Featured, Tax

March 12, 2025

IRS Strives to Maintain Tax Season Service Levels Amid Conflicting Reports

On March 7, Mark Koziel, CPA, CGMA, President and CEO of the AICPA, issued a statement addressing conflicting reports about the state of the IRS. “With the volatility of the ...

March 5, 2025

View from the Dome February 28, 2025

Major legislation passed the Senate this week on government restructuring, while the House passed school choice. Tort reform, another major issue, cleared its first major hurdle, passing out of committee ...

February 25, 2025

View from the Dome February 21, 2025

The House Ways and Means Committee adopted its version of the state budget. School choice, energy generation, government restructuring and tort reform were also debated this week in committee. As ...

February 18, 2025

View from the Dome February 14, 2025

State economists met and increased the budget estimate for next year due to our growing economy. The House passed its first major legislative priority dealing with energy generation. Numerous subcommittees ...

February 12, 2025

View from the Dome February 7, 2025

The General Assembly met in a Joint Session this week for the election of judges. Numerous subcommittees and committees met to advance bills, including several major priorities of school choice, ...

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