An Introduction to the Corporate Transparency Act
Submitted by Matthew B. Edwards and D. Parker Baker III of Thomas, Fisher & Edwards, P.A., Greenville Note: This article has been adapted from an article entitled “The Basic Ins ...
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Beneficial Ownership Information
By Ian Redpath, JD, LLM This article originally appeared in the Summer 2023 edition of the South Carolina CPA Report. The beneficial ownership information (“BOI”) reporting provisions were part of ...
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From the IRS: Withdrawal Process for ERC Claims, Webinar Opportunity & More
From the IRS IRS announces withdrawal process for Employee Retention Credit claims; special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing As part of a ...
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Fall Fest Presents: SECURE 2.0 with Karen Davis
By Karen Davis, EA, MBA, PhD The “Setting Every Community Up for Retirement Enhancement Act of 2020” (SECURE Act) made two significant retirement plan changes starting in 2020 – increasing ...
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From SCDOR: Tax Tips for Remote Workers & Their Employers
What you need to know: Since the COVID-19 pandemic, working remotely has become a fixture of the U.S. economy. According to a survey of businesses by the U.S. Labor Department, ...
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SCDOR Launches Enhanced Online Business Tax Application
The South Carolina Department of Revenue (SCDOR) has launched an enhanced online Business Tax Application to simplify the registration process for new businesses in the state. The updated application features ...
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New IRA Act Bolsters R&D Tax Credit for Early-Stage Companies
South Carolina Startups Could Save an Extra $250,000 Per Year, up to $2.5MM Submitted by Margaret Krajcer JD, Vice President and General Counsel of Tax Credits Group On August 16, ...
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From SCDOR: Help Your Agribusiness Clients with These Tax Tips & Reminders
Submitted by the South Carolina Department of Revenue More than 240,000 employees work in the state’s agribusiness industry, which includes 25,000 farms as well as food producers and timber-related firms. ...
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From SCDOR: State’s Top Delinquent Taxpayers paid $8.5M to State in 2021
Submitted by the South Carolina Department of Revenue Hundreds of South Carolina’s top delinquent taxpayers paid the state more than $8.5 million in 2021 after their debts were published online. ...
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Tax season is in full swing! Here are some helpful reminders for tax professionals.
Submitted by the SC Department of Revenue If your work as a tax professional involves helping clients file Individual Income Tax returns, you’re probably finding that each day is busier ...
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