Tax revenues were back on target in May after a slide over the past several months that turned a $200 million-plus overage into a $400 million-plus shortfall in collections, according to preliminary figures from the Office of Budget and Management (OBM).

Recognizing the public interest threat from a decline in candidates entering the CPA profession, the California Board of Accountancy (CBA) held a special stakeholder meeting May 17 for an update on its SURE CPA (Students Understanding the Requirements to be a Certified Public Accountant) initiative and a resulting proposed licensing framework.

The Accountancy Board of Ohio (ABO), the state government entity charged with licensing, regulating, and when necessary, disciplining CPAs, can significantly affect the practice of all CPAs. That is why OSCPA represents the profession at every ABO meeting and advocates for best-practice rulemaking. The May 24, 2024, meeting included a variety of topics.

A three-judge panel of the U.S. Sixth Circuit Court of Appeals ruled 2-1 Wednesday that Attorney General Dave Yost must forward a proposed constitutional amendment on qualified immunity on to the next step in the ballot initiative process, but Yost's office said Thursday he will ask the full appellate court to review that ruling.

Plentiful energy is critical to Ohio’s economic growth, and Sen. Bill Reineke (R - Tiffin) recently addressed a group of OSCPA members to discuss energy challenges and opportunities facing Ohio’s business community.

An independent national group formed by AICPA and featuring stakeholders from throughout the accounting profession has released its draft strategy report. The document includes a series of recommendations for tackling the accounting talent shortage.

The IRS announced on May 16 tax relief for individuals and businesses in Ohio that were affected by tornadoes that began on March 14, 2024.

Accountancy Board of Ohio Executive Director Donna Oklok gave testimony May 8 on HB 238, occupational licensing sunset legislation, at a hearing before the Senate Government Oversight Committee.

The Ohio Society of CPAs government relations (GR) team recently hosted three different guest speakers during the live portion of the four Advance sessions.

Attorney General Dave Yost says Ohio will share in settlements totaling $10.25 million with the country's three largest wireless carriers to resolve an investigation into deceptive and misleading advertising.