by Michael Hogberg, EA | Aug 16, 2022 | State Tax
August 16, 2022 Several tax relief proposals under consideration during the 2022 General Assembly Special Session were not enacted into law. These include provisions in Senate Bill #3, such as a six-month sales tax holiday on residential utility and telecom...
by Michael Hogberg, EA | Aug 15, 2022 | State Tax
August 15, 2022 So far this year, 17,831 state Individual Income Tax returns have been filed claiming $4.3 million in Teacher Classroom Expenses credits for the 2021 tax year. That’s just one of several education-related state tax credits the South Carolina...
by Michael Hogberg, EA | May 17, 2022 | State Tax
TAXPAYER THAT ELECTED TO FILE UNDER THE MBT ACT CANNOT CLAIMMBT BUSINESS LOSS CARRYFORWARDS ON CIT RETURNS On February 18, 2022, the Court of Claims granted summarydisposition in favor of Treasury in International AutomotiveComponents Group North America, Inc., v...
by Michael Hogberg, EA | May 6, 2022 | Federal Tax, Tax Reminders
May 6, 2022 With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment....