Article Highlights: Back in late 2017, Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA) which made enormous changes to income tax laws as outlined below. However, most of the provisions of TCJA were only temporary changes that will expire after 2025. During the Covid pandemic, Congress made other tax law changes that will also…
In an era where financial scams are becoming increasingly sophisticated, protecting your IRS payments demands more awareness than it once did. Check washing fraud, a technique where thieves steal checks from the mail, erase crucial information, and manipulate the payee and amount, has seen a resurgence. Understanding exactly how this crime is committed is essential…
by: Bill West, CPA – Member, Tax and Advisory Services People often ask me what they should do to save on taxes. My response is it depends on what you are doing and how you make your income. Today, I am going to review a few tax saving opportunities that, if you are in the…
Article Highlights: Blog: Year-end is rapidly approaching, as are the holidays. So, before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022 2023 and 2023 2024. Here are last-minute tax issues you might consider: INDIVIDUAL PLANNING OPPORTUNITIES Not Needing…
2. What year did you join Scott and Company? 3. Why did you choose Scott and Company? 4. Give summary of background work experience and tell about your current responsibilities at the firm, especially if you have a unique responsibility(s). 5. What do you enjoy most about living in Columbia? 6. Where is your favorite place to go and why?…
Scott and Company LLC is pleased to announce that J.W. Hunt and Company joined Scott and Company, LLC effective October 1, 2023. Two great Columbia, South Carolina full-service certified public accounting firms, with a rich history in the Midlands, come together to increase their depth of expertise and better serve their clients. The firm will…
While it’s true that every business is different from the next – and every entrepreneur will go on his or her own unique journey – there are still a few constants that we know to be true. The start-up phase, for example, is when you write a formal business plan. You secure financing, you select…
Article Highlights: Because people are living longer now than ever before, many individuals are serving as care providers for elderly loved ones (such as parents or spouses) who cannot live independently. Such individuals often have questions regarding the tax ramifications associated with the cost of such care. For these individuals, the cost of such care…
by: John Price, CPA John Price, CPA, Member of Scott and Company’s Tax & Advisory Services prepared some important tips to use for tax season 2023 in this presentation. As you review the material, please contact us with any questions–we’re here to help.
Where did you go to college? University of South Carolina Aiken What year did you join Scott and Company? I joined Scott and Company in August 2022 Why did you choose Scott and Company? I was initially interested in Scott and Company because it was a small-to-medium-sized CPA firm located in Columbia, SC. I was eager…
