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What are the duties of an Executor of Personal Representative?

November 20, 2020

You may have a family member or friend who has chosen you to be their executor or the personal representative of their estate when they pass away.  They trust you as being capable of handling their affairs and carrying out their requests after death.  While this may be somewhat of an honor, this may require…

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South Carolina Military Tax Rates and Deductions

November 20, 2020

I am a stereotypical nerdy, sweater vest-wearing tax accountant, so when I sat reading the posts of all of my friends and family on social media on Veteran’s Day this year, my thoughts turned to all the tax benefits and deductions given to Veterans in South Carolina.  I realize that most people don’t think tax…

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Small Business Tax Saving Tips.

October 26, 2020

  Business Tax Prep Tips Use payroll tax software to avoid costly IRS penalties. Approximately one third of all companies get fined each year for incorrectly handling payroll taxes. This is due in large part to the fact that around 40% of businesses with employees try to handle payroll on their own, using paper or…

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Welcome to the SME CPA family.

August 31, 2020

Join us in welcoming our newest team members. Whether they are complete new hires or interns that were offered full time positions we are so happy that they have decided to join our family.

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How Non-Profits can Benefit from a CPA Firm

August 31, 2020

Non-profit organizations are valuable businesses that serve to further a social cause or provide a public benefit. They are great at driving economic development in virtually every sector of society. However, non-profits face rigorous accounting, reporting, and regulatory requirements. Meeting these stipulations can often be burdensome and if you’re left doing this alone, it can…

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SME CPA listed on INSIDE Public Accounting nationwide largest 400 accounting firms list.

August 31, 2020

It was announced that SME CPAs is in the ranking of the nation’s largest 400 accounting firms by INSIDE Public Accounting. The INSIDE Public Accounting (IPA) Survey and Analysis of Firms, is the longest-running, up-to-date ranking of the nation’s largest accounting firms. IPA’s annual rankings of the 400 largest firms in the U.S. are listed from the…

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SME CPA Promotions

June 24, 2020

Join us in congratulating our employees that received a promotion. They all deserve and earned it. SME CPAs would not be where we are today without our team.

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5 things you should do once you receive your PPP loan.

May 14, 2020

1. Only Use Money From The Loan on Forgivable Expenses You must track what you spend this money on in order to be able to apply for forgiveness. Recipients must not lose sight of the legal restrictions on the use of these fund. The SBA issued a Rule that requires PPP applicants to certify funds…

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Recent Tax Developments Impacting Non-Profit Organizations

April 21, 2020

Deadline Changes In response to COVID-19, the IRS recently released guidance on revised due dates and other provisions that impact non-profit entities. In Notice 2020-23, the IRS specifically extends the payment and filing deadlines for Forms 990-T and 990-PF. The notice also broadly provides relief for the full list of “time-sensitive actions” listed in Revenue…

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What you need to know about the PPP and EIDL loans

April 17, 2020

Have you applied for a PPP or EIDL loan and have you received your funds or you’re waiting for them? You may be asking yourself “What do I do now? How will I calculate the forgiveness portion of the PPP loan? My employees are currently drawing unemployment? Do I take them off and start paying…

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