Scott and Company Advisor
Scott and Company CPAs Placed #1 in Its Category for Best Places to Work in South Carolina!
Scott and Company LLC, a CPA firm located in Columbia, South Carolina, is pleased to announce that the firm was recently recognized as #1 in its category in the Best Places to Work in South Carolina awards program. Scott and Company has appeared consecutively on this annual list for ten years. This year, the firm…
COVID-19 Vaccination Proof: What’s Allowed?
As more employers bring employees back to the workplace and navigate new CDC guidance on mask-wearing, they may have questions about whether they can ask about an employee or applicant’s COVID-19 vaccination status. Here are answers to frequently asked questions about vaccination inquiries. Q: Would asking employees to show proof that they received the COVID-19…
IRS Extends COVID-19 Relief Leave Donations
As part of the emergency disaster declaration made by President Trump on March 13, 2020, it became possible for employees to donate their unused paid vacation time, sick leave, and personal time off to qualified charities that provided COVID-19 relief in 2020. The IRS recently extended leave donations through 2021. Check with your employer to…
Substantive Tax Relief for Pass-Through Stakeholders
By Bill West, CPA – Member In the last days of the 2021 South Carolina legislative session, the General Assembly passed one of the most substantive tax relief bills for small businesses operating as pass-through entities in this state. The most intriguing aspect of this state legislation is that it saves federal taxes rather than…
Employee Spotlight – Taylor Williams
Where did you go to college?I graduated from the University of South Carolina. Go Gamecocks! What year did you join Scott and Company? I started out as an intern in January of 2019. I became a full time associate in the Tax and Advisory department in May of 2020. Why did you choose Scott and…
Recent Blog Posts
- What to Expect from Potential Tax Changes Under President Trump’s New Term — and How to Prepare
December 6, 2024 - Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones
December 6, 2024 - The SCALE Method for CECL: A Streamlined Approach to Expected Credit Losses
October 16, 2024 - Avoiding the Scavenger Hunt for Your Estate
October 16, 2024
Business COVID-19 Relief Applicable to the Delta Variant Surge
Scott and Company Advisor, Volume 6 Issue 4
On March 11, 2021, President Biden signed PL 117-2 otherwise known as the American Rescue Plan Act of 2021 (ARP bill). President Biden’s $1.9 trillion COVID-19 relief package aimed at stabilizing the economy, providing needed relief to individuals and small businesses, and improving and accelerating the administration of coronavirus vaccines and testing. The relief package, which…