As part of our efforts to assist families during the COVID-19 pandemic, DSS is offering child care assistance for working parents.  The number of vouchers is limited based on funding availability, and parents must meet income and other requirements to qualify. In order to qualify, you must be currently working at least 15 hours a week or attending school or training, and your family’s gross ...read more

When people get ready to file their federal tax return there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive. Here are some new key things people should consider when filing their 2020 tax return.Recovery rebate creditTaxpayers may be able to claim the recovery rebate credit if ...read more

 SBA has announced Ascent, an interactive digital platform packed with resources women business owners need to set, and achieve, their business goals. Ascent is designed for the “missing middle” — growth-oriented women entrepreneurs who are beyond the start-up phase and already generating revenue yet looking to grow and scale. Most learning resources for business owners focus on either ...read more

On Wednesday, the Small Business Administration (SBA) and the Treasury Department released new guidance on the Paycheck Protection Program as authorized in the latest stimulus bill. According to the SBA, applications for new borrowers and some second borrowers will open on Monday, January 11, and Wednesday, January 13, respectively.Key PPP updates include:PPP borrowers can set their PPP loan's ...read more

WASHINGTON – Today the Treasury Department and Internal Revenue Service issued final regulations regarding the credit for qualified carbon oxide captured using carbon capture equipment placed in service on or after Feb. 9, 2018.The final regulations help businesses understand how the credit for qualified carbon oxide sequestration may benefit those claiming two carbon capture credit amounts, which ...read more

On Tuesday, Governor McMaster announced that he is allocating $19.9 million from the Governor's Emergency Education Relief (GEER) Fund for education and workforce training. GEER Funds were previously assigned to state governors via the CARES Act to support agencies that have a role in educating South Carolinians that have been adversely impacted by the COVID-19 pandemic. According to ...read more

Columbia, S.C. – On Monday, January 4, 2021, the Department of Employment and Workforce (DEW) paid more than $10 million to the first round of claimants eligible for the Federal Pandemic Unemployment Compensation (FPUC) supplemental benefits. “We are extremely excited to begin paying these important funds without interruption to continuing claimants with eligible weeks,” said DEW Executive ...read more

On Monday, December 21, 2020, the Senate approved a massive emergency economic relief package, government funding, and tax cuts designed to counter the effects of the pandemic and stimulate economic growth. The legislation, introduced as a 5,593-page bill, was passed with a 92 to 6 vote following weeks of intense negotiations.Efforts to pass economic relief measures in the weeks leading to the ...read more

As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely. This is important because taxpayers are responsible for all the information on their return, no matter who prepares it for them.There are different kinds of tax preparers, and a taxpayer’s needs will help determine which kind of preparer is best for them. ...read more