Jan 9, 2025, 00:00 AM by Jessica Salerno Shumaker

As I write my last CEO letter as President and CEO of The Ohio Society of CPAs, I am filled with a deep sense of gratitude and pride. It has been an incredible journey, and I am honored to have had the opportunity to lead such a dedicated and talented group of professionals.

Jan 9, 2025, 00:00 AM by Jessica Salerno Shumaker

At the end of 2024 members showed interest in OSCPA transition news and BOI updates.

Dec 20, 2024, 00:00 AM by Jessica Salerno Shumaker

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.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

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.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

In the final OSCPA Town Hall of 2024, the focus was on what’s in store for the financial markets in 2025.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

In observance of the holidays, the OSCPA office will be closed starting 2 p.m. on December 23 and will resume normal business hours on January 2. During this time, regular operations will be paused.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

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.

Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker

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.

Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker

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.

Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker

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

Dec 12, 2024, 00:00 AM by Jessica Salerno Shumaker

After 12 years of exceptional service as President & CEO, Scott Wiley will be stepping down from his role, effective January 13, 2025.

Dec 6, 2024, 00:00 AM by Jessica Salerno Shumaker

The second phase of OH | Tax eServices will allow taxpayers to file more types of returns, including sales/use, public utility and personal property among others.

Dec 6, 2024, 00:00 AM by Jessica Salerno Shumaker

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.

Dec 5, 2024, 00:00 AM by Jessica Salerno Shumaker

The former Ohio Tax Commissioner offered this advice to CPAs on tax developments in the new year: be prepared for anything.

Dec 5, 2024, 00:00 AM by Jessica Salerno Shumaker

Behind every CPA is a story of determination, hard work and opportunity. But for many talented accounting students in Ohio, financial obstacles stand in the way of their dreams.

Dec 5, 2024, 00:00 AM by Jessica Salerno Shumaker

On Dec. 3 the U.S. District Court for the Eastern District of Texas suspended nationwide the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.

Dec 5, 2024, 00:00 AM by Jessica Salerno Shumaker

OSCPA proposed law changes to CPA licensure and the Ohio Business Gateway deadline were the most popular stories in November.

Dec 3, 2024, 00:00 AM by Jessica Salerno Shumaker

Ohio’s economic future is at risk as 65% of the state’s CPAs approach retirement. OSCPA is tackling this urgent talent shortage with “Look Beyond,” a campaign designed to attract students and professionals to accounting careers, address workforce gaps and expand access to the profession.

Nov 22, 2024, 00:00 AM by Jessica Salerno Shumaker

This is the second application period where OSCPA members can take advantage of our recent partnership with MAX Technical Training by enrolling in TechCred-approved courses that are also eligible for CPE credits.

Nov 22, 2024, 00:00 AM by Jessica Salerno Shumaker

Sen. Rob McColley (R-Napoleon) will serve as Senate president in the 136th General Assembly, while Sen. Nickie Antonio (D-Lakewood) will remain minority leader, after both caucuses met and chose their leadership for the next session.