Local firm management news from around the web: Sept. 9 – 13, 2019

Written on Sep 10, 2019

ODT updates Commercial Activity Tax
The Ohio Department of Taxation has issued an information release providing the effective excise tax rates for the commercial activity tax. The release includes the new tax on vapor products effective Oct. 1, 2019.

Accounting by numbers 
The 2019 Trends in the supply of accounting graduates and the demand for public accounting recruits survey report is now available. Check it out for eye-opening insights about accounting course enrollment, CPA firm hiring trends and much more. 

Here’s what tax professionals should know about creating a data security plan
Many tax preparers may not realize they are required under federal law to have a data security plan. When creating it, the tax professional should take several factors into consideration. This includes things like the company’s size, the nature of its activities, and the sensitivity of its customer information.

IRS gives tax break to some American expatriates 
The IRS is offering a break for some “accidental Americans,” giving certain expatriates who have renounced their citizenship a chance to escape the U.S. tax system.

Tech Corner – Gmail keeps a record of your purchase history in plain sight, and it’s not alone
Google’s ambitions for transaction data are on display in the “Purchases” page, which even tracks what its enterprise and education users are buying.

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