Tax – Page 3 – South Carolina Association of CPAs

January 3, 2025

IRS announces tax relief for victims of Hurricane Helene in South Carolina; various deadlines postponed to May 1, 2025

The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of South Carolina that were affected by Hurricane Helene that began on Sept. 25, ...

READ MORE

Tax

January 3, 2025

Get Tax Policy Updates from the SCDOR

The best way for tax professionals to receive new guidance from the South Carolina Department of Revenue’s Policy Division is to sign up for tax policy updates. Get new and ...

READ MORE

Tax

January 3, 2025

South Carolina Tax Landscape: 2024 Update and Beyond

Author: J William Strickland, MBA, JDThis article originally appeared in the Summer 2024 issue of the South Carolina CPA Report As we navigate through 2024, South Carolina’s tax landscape continues ...

READ MORE

Educate, Tax

January 3, 2025

SCDOR Tips For Reporting Your Clients’ Tax Free Weekend Sales

Submitted by: SCDORThis article originally appeared in the Summer 2024 issue of the South Carolina CPA Report Whether you are looking forward to cooler weather or looking back on summer ...

READ MORE

Featured, Tax

January 3, 2025

IRS Announces Relief for Areas Hit by Hurricane Debby

The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby. Affected taxpayers in South Carolina, North Carolina, Florida and Georgia now ...

READ MORE

Educate, Featured, Tax

January 2, 2025

Key Supreme Court Decisions Impacting Tax Professionals in 2023-2024 Session

The latest session of the Supreme Court brought significant decisions that directly impact the realm of tax law. Here’s a concise look at the major cases and their implications: The ...

READ MORE

Tax

January 2, 2025

SCDOR Tips for Your Clients in the Business Life Cycle

South Carolina Department of RevenueThis article originally appeared in the Spring 2024 issue of the South Carolina CPA Report Between March 2021 and March 2022, 21,778 South Carolina businesses opened ...

READ MORE

Tax

January 2, 2025

Is It Really Possible to Eliminate Busy Season?

David R. Peters, CPA, CFP, CLU, CPCUThis article originally appeared in the Spring 2024 issue of the South Carolina CPA Report As the accounting pipeline continues to dwindle, many of ...

READ MORE

Featured, Tax

January 2, 2025

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 ...

READ MORE

Featured, Tax

December 20, 2024

From the IRS: Transcript Delivery Service Authorization Change

Submitted by the IRS As part of the IRS’ effort to continue combatting identity theft and protecting taxpayers’ personal information, we’re making changes that will impact how tax professionals receive ...

READ MORE