Tax – South Carolina Association of CPAs

August 5, 2025

AICPA Seeks Guidance on Small Business Domestic Research Tax Costs in H.R. 1

In a comment letter to the Internal Revenue Service (IRS) and Treasury, the American Institute of CPAs (AICPA) requested immediate guidance on enacted Section 174A, which relates to the treatment ...

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Featured, News Roundup, Tax

July 15, 2025

Disaster Relief Bill Approved by Senate, AICPA Responds

The U.S. Senate unanimously passed the Filing Relief for Natural Disasters Act, following the House’s unanimous approval earlier this year. The bill now moves to the President’s desk for signature. ...

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Educate, Featured, Tax

June 24, 2025

ERC Enforcement Under the One Big Beautiful Act – Third Time’s the Charm?

Prose by Tax Pros Author: Hale Sheppard, partner at Eversheds Sutherland This article was published in Tax Analysts. Given the long list of enforcement tools already available to IRS, savvy ...

June 6, 2025

View from the Dome June 6, 2025

Governor Henry McMaster issued his line-item vetoes of the state budget this past Wednesday, signaling the final act of the legislative session, as it is unlikely the General Assembly will ...

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Tax

June 2, 2025

SCDOR: Clarendon County’s School District Tax is Expiring

Author: South Carolina Department of Revenue Beginning July 1, Clarendon County’s Sales Tax rate will be 7%. Clarendon County’s 1% School District Tax will expire June 30. Why it matters: Filing ...

May 30, 2025

View from the Dome May 30, 2025

The General Assembly returned to Columbia for one final time to adopt the Conference Report on the state budget. Two committees held meetings this week regarding the Department of Insurance, and ...

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Educate, Tax

May 27, 2025

SCDOR Reminders: Amended Returns and Sales Tax Changes

Author: South Carolina Department of Revenue This article originally appeared in the Spring 2025 issue of the South Carolina CPA Report Whether your clients are individual taxpayers, business taxpayers, or both, the ...

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Educate, Tax

May 27, 2025

So Your Client Wants to Start a Business?

Author: J. William Strickland, CPA, J.D. This article originally appeared in the Spring 2025 issue of the South Carolina CPA Report What do you say when a client walks into your office ...

May 23, 2025

View from the Dome May 23, 2025

Although the legislative session has ended for the year, one item remains to be resolved – adoption of the state budget. The budget Conference Committee met this week following the ...

May 13, 2025

View from the Dome May 9, 2025

The General Assembly adjourned Sine Die yesterday at 5:00 pm, ending the first year of the two-year legislative session. All bills that did not make it through both chambers will ...

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