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October 31, 2014

Digital Currencies have Tax Consequences

Digital currency, or e-currency, is an electronic medium of exchange of which bitcoin has become the most widely circulated. Bitcoins use cryptography (mathematically created proofs to […]
September 26, 2014

Disproportionate Distributions in an S Corporation

Owners of an S Corporation needs to carefully monitor distributions to shareholders to be certain that there are no disproportionate distributions. Failure to make distributions in […]
August 29, 2014

Vacation Rentals by Owners subject to Accommodation Taxes

South Carolina has a new law aiming to crack down on homeowners who rent their properties to tourists but don’t collect accommodations and sales taxes, a […]
July 7, 2014

SC Tax Credit Supports Special Needs Children

On June 25th, 2013, Governor Haley signed into law the EDUCATIONAL CREDIT FOR EXCEPTIONAL NEEDS CHILDREN (also called Proviso 1.85). Palmetto Kids FIRST will allocate at […]