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After $3.5 Billion Accounting Error, South Carolina Comptroller Could Be Ousted

CPA Practice

Harris, The State (TNS) After South Carolina Comptroller General Richard Eckstrom’s office made a multibillion mistake, a panel of Senate budget writers are suggesting the Republican be removed from his position and the office stripped of several responsibilities. In South Carolina, the comptroller general is an elected office.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

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South Carolina’s Top Accountant to Step Down After $3.5 Billion Error

CPA Practice

I know that your every wish has been, and always will be, prosperity and happiness for the people of South Carolina,” McMaster wrote. His office is in charge of running the state’s payroll, paying vendors, running the state’s accounting system and compiling an annual comprehensive financial report.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Here’s what to do if you can’t find one for tax season [ CNBC ] Accounting has a reputation of long work hours coupled with stressful deadlines, leading college students to opt for other lucrative roles in finance like investment banking, consulting or data analysis. lived in Lexington at the time but later moved to South Carolina.

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State Regulators Investigate Payday Advances

PYMNTS

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. Firms like Even and Earnin,’ in theory, are designed to create that better choice.

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Last Week in Payroll: The Ides of March

ThomsonReuters

Now, let’s take a look at this past week in payroll and go over a few of the more interesting stories buzzing about in the industry. The legislation comes with another stimulus payment and a number of other provisions that are payroll-related. The first quarter of 2021 is nearly finished. Federal News. On March 11, 2021, the U.S.

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Business Scams, Everywhere, Phishing For Funds

PYMNTS

Finance departments were most vulnerable. com reported that two Nigerians had been arrested after their email scam cost a South Carolina business to the tune of $350,000. The costs are dramatic, too, as 67 percent have said they had to divert resources from other priorities to deal with attacks.