TutwielerDawkins LLC believes that:

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Your company's vision and mission is the first step to creating a sustainable work environment.

Your firm should have elements of sales effectiveness that aligns with your strategic growth plan.

Implementing strategies that can create a platform for predictability is critical for profitability and productivity.

Implementing tax strategies can mitigate tax liabilities.

QuickBooks setup and training includes incorporating organizational strategies.

• Cash Flow
• SWOT
• Quality Controls
• Reconciliations
• Balance Sheet Analyses

South Carolina

Tips for filing your return:

• File online and choose direct deposit for faster and more accurate processing. Free and low-cost options, like SC Fillable Forms, are available for filing your South Carolina return. Visit dor.sc.gov/iit-filing to learn more. 
• Make sure you have your W-2s, 1099s, and other important documents before you file. Year-end pay stubs may not match what your employer reports to us, which can slow down your return and refund.
• Make sure your current mailing address is included before submitting your tax return, even if you choose direct deposit for your refund. 
• Check your refund status online at dor.sc.gov/refund. Allow 6-8 weeks for your return and refund to process.

More filing season information:

• Learn more about the extended due date in Information Letter 21-7. That letter also addresses conformity with tax actions by Congress, including the waiver of taxes on some unemployment benefits.  The South Carolina General Assembly is studying whether to conform with Congress.  Unless the Legislature acts, all unemployment benefits remain taxable by the state.
• The Motor Fuel Income Tax Credit increased from 5 cents per gallon to 7 cents per gallon.
• The SC Earned Income Tax Credit increased to 62.5% of the federal credit. To claim this credit you must be eligible for the federal credit and must be a full-year resident of South Carolina.
• The maximum allowable credit for the Two Wage Earner Credit in 2020 is $280, up from $257 in 2019.
• As part of the CARES Act, Congress now allows federal taxpayers taking the standard deduction to claim a deduction of up to $300 for a 2020 cash donation to qualifying charities. However, South Carolina has not conformed to the CARES Act, so if you choose this deduction on your federal return, you must add the same amount to your income on your SCDOR return. See Information Letter 20-34.  
• If you didn't receive an Economic Impact Payment, you may be able to claim the Recovery Rebate Credit with the IRS. If you did receive it, the payment is not taxable income in South Carolina.

IRS Tax Tip 2021-109, July 28, 2021

The IRS continues to observe criminals using a variety of scams that target honest taxpayers. In some cases, these scams will trick taxpayers into doing something illegal or that ultimately causes them financial harm. These scammers may cause otherwise honest people to do things they don't realize are illegal or prey on their good will to steal their money.

Here are a couple of this year's Dirty Dozen scams.

Taxpayers should be on the lookout for scammers who set up fake organizations to take advantage of the public's generosity. Scammers take advantage of tragedies and disasters.

Scams requesting donations for disaster relief efforts are especially common over the phone. Taxpayers should always check out a charity before they donate, and they should not feel pressured to give immediately.

Taxpayers who give money or goods to a charity may be able to claim a deduction on their federal tax return by reducing the amount of their taxable income. However, to receive a deduction, taxpayers must donate to a qualified charity. To check the status of a charity, they can use the IRS Tax Exempt Organization Search tool. It's also important for taxpayers to remember that they can't deduct gifts to individuals or to political organizations and candidates.

• Individuals should never let any caller pressure them. A legitimate charity will be happy to get a donation at any time, so there's no rush. Donors are encouraged to take time to do their own research.
• Confirm the charity is real. Potential donors should ask the fundraiser for the charity's exact name, website and mailing address, so they can confirm it later. Some dishonest telemarketers use names that sound like well-known charities to confuse people.
• Be careful about how a donation is made. Taxpayers shouldn't work with charities that ask for donations by giving numbers from a gift card or by wiring money. That's a scam. It's safest to pay by credit card or check — and only after researching the charity.

For more information about fake charities see the Federal Trade Commission website.