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Is That Inheritance Taxable?
Are inheritances taxable? This is a frequently misunderstood taxation issue, and the answer can be complicated. When someone passes away, all of...
Sold or Thinking of Selling Your Home?
In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage interest rates, the housing market has been...
What Happens if I Receive an IRS CP2000 Notice?
There are few things that can send a chill down your spine more than mail from the IRS. Just seeing the agency’s name on an envelope’s return address...
Trends Driving Small Business in 2021
This article discusses how the COVID-19 pandemic has changed the landscape on which most small businesses operate. However, trends such as digital...
Key Changes to the Employee Retention Credit
On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A recent article from JD Supra outlines two...
New Paycheck Protection Program Guidance Released
On Wednesday, January 6, the U.S. Small Business Administration (SBA) and the Treasury issued joint guidance regarding the latest updates to the...
Promotion Announcements!
We are very pleased to announce the following well-earned promotions for 2021:
Scott and Company Celebrates 25 Years!
Scott and Company LLC is thrilled to share that this year we are celebrating 25 years of serving clients in the South Carolina area and beyond! We...
What the April 15 Filing Date Means
Dear clients and friends, The last few weeks have been trying as we navigate through the COVID-19 pandemic, both personally and professionally....
Congress Enacts Additional Stimulus Legislation
On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA2021), which includes $892 billion in coronavirus stimulus...