FinCEN has announced that the new beneficial ownership information reporting deadline is March 21, 2025. AICPA and the state societies continue to urge FinCEN to grant a longer extension period than a 30-day filing extension.

The Ohio House Ways & Means Committee heard testimony from Tax Commissioner Patricia Harris on Feb. 19 as she presented the Ohio Department of Taxation’s budget proposals.

A summary of Ohio's legislative news for the week ending Feb. 21, 2025.

The AICPA and NASBA are proposing changes to the UAA that would help pave the way for states to uniformly adopt an additional pathway for CPA licensure. Ohio was recognized as being the first to adopt legislation that includes licensure pathway and mobility changes.

With the U.S. Supreme Court lifting the nationwide injunction on Jan. 23 in the Texas Top Cop Shop case, the Samantha Smith case remains the only and last active nationwide injunction blocking the Corporate Transparency Act and its beneficial ownership information reporting requirement from being enforced.

Members of the Ohio Ballot Board on Feb. 11 unanimously approved the public works constitutional amendment language that will be considered by voters this spring.

Register for the Feb. 20 Town Hall hosted by OSCPA President & CEO Laura A. Hay, CPA, CAE. This session features Tom Zaino, JD, CPA, and Greg Saul, Esq., CAE, who will provide insights on what to expect from the Ohio budget bill and its impact on the profession.

A summary of Ohio's legislative news for the week ending Feb. 14, 2025.

The Ohio Society of CPAs on Feb. 5 testified as a proponent to the House Ways & Means Committee on House Bill 14, the annual federal/state tax conformity legislation. Later that afternoon, the Ohio House unanimously passed the legislation by a 93-0 vote.

Gov. Mike DeWine on Feb. 3 announced his FY 2026-2027 executive budget proposal, and higher taxes on tobacco, sports gambling and adult use cannabis would pay for several new programs.