The DeWine administration announced Monday that Amazon Web Services plans to invest around $10 billion in additional funds for its data center infrastructure across Ohio, with hundreds of new jobs expected by the end of 2030.

Effective Jan. 1, 2025, the annual exclusion amount for business increases from $3 million to $6 million. If your taxable gross receipts are $6 million or less, you will not have to pay the tax.

If signed into law by the Governor, new approaches will be adopted in Ohio that will address the challenges the CPA profession is now facing: the shrinking population of CPAs caused by retirements and too few new licensees, and strengthening existing interstate mobility laws to protect current licensees in the future.

While an impressive career of advocating for Ohio CPAs resulted in numerous legislative wins and meaningful reform, for Barb Benton, it all comes down to one thing.

The DeWine administration recently announced the awarding of over $56 million as part of the Historic Preservation Tax Credit Program, with 37 projects set to receive funding in the latest round.

OSCPA-backed legislation is currently pending before the Ohio Legislature that seeks to address the shrinking population of CPAs and strengthen existing interstate mobility laws.

As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, OSCPA has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the Jan. 1, 2025 deadline

The Office of Budget and Management reported Friday that preliminary estimates of November’s revenues show them coming in nearly 3% below estimates. Specifically, the state was nearly $76.9 million or 2.9% below estimates for the month.

The JobsOhio Board of Directors met Thursday at which time Chair Josh Rubin said that while JobsOhio has been a "tremendous success" on many fronts, Ohio has changed since 2011 and so the organization needs to continue to evolve.

For over a century, the Ohio Society of CPAs has stood as a steadfast advocate for excellence in the CPA profession, empowering thousands of licensees across our great state. We continue that legacy today by addressing our field's most pressing challenges.