Latest News:

  • Sep 22, 2023

    How to claim Ohio’s resident tax credit for the SALT cap deduction from other states

    Last year, Senate Bill 246 (134th GA) authorized pass-through entity owners to “elect” to file a new form IT 4738 and be subject to a new entity-level tax in response to the federal $10,000 SALT deduction cap limit placed on individuals.
  • Sep 22, 2023

    Week in Review: Sept. 24, 2023

    Joby Aviation Inc. announced plans Monday to build an electric air taxi manufacturing facility at Dayton International Airport, creating 2,000 new jobs in the region.
  • Sep 15, 2023

    DOL proposes new overtime rule salary threshold

    A new salary overtime rule could impact millions of workers under a new proposal from the U.S. Department of Labor.
  • Sep 15, 2023

    Upcoming regulations on Sec. 174 R&D expensing

    The IRS and Treasury last week issued a notice describing upcoming proposed regs that will clarify the new requirement from the Tax Cuts and Jobs Act to amortize research costs.
  • Sep 15, 2023

    OBM: Rainy Day Fund reaches ‘record’ level; August revenues exceed estimates

    The OBM announced that the state’s Rainy Day Fund stands at a record of nearly $3.7 billion, “an increase of $174.7 million following the accrual of interest at the close of FY23 and the completion of a cash transfer into the fund” as authorized by the FY24-25 budget bill, HB33 (Edwards).
  • Sep 15, 2023

    Maryland Board discusses experiential learning applied toward 150-hour requirement

    Experiential learning courses enable students to work part-time or full-time while gaining academic credits. We covered the finer details of what experiential learning could look like for the profession in May.
  • Sep 15, 2023

    Week in Review: Sept. 17, 2023

    Property tax relief bill HB197 (Hall-Bird) now includes language to modify how Current Agricultural Use Value (CAUV) is calculated for farmland.
  • Aug 27, 2023

    Week in Review: Aug. 27, 2023

    The Ohio Department of Transportation announced Tuesday it will provide $16.9 million to help 10 municipalities with major roadway reconstruction and maintenance projects as part of its Small City Program.
  • Aug 25, 2023

    Ohio Society of CPAs reaches out to Congress to support delay in Beneficial Ownership Reporting requirements

    OSCPA has called on federal legislators to support two bills that have been introduced – Senate bill S. 2623 and companion legislation in the House, H.R. 4035, the Protecting Small Business Information Act of 2023.
  • Aug 18, 2023

    CAT changes will impact upcoming tax filings

    House Bill 33 enacted the first major changes to the Commercial Activity Tax (CAT) exemption amounts since its inception in 2005.
  • Aug 18, 2023

    ODT to implement new OH|TAX eService

    OH|TAX eServices will modernize how ODT administers Ohio’s Individual and School District Income Taxes
  • Aug 18, 2023

    Week in Review: Aug. 20, 2023

    The use of artificial intelligence should not be regulated at the state level, but state governments should have policies for how the technology is used at state agencies, said Lt. Gov. Jon Husted.
  • Aug 11, 2023

    Revenues top estimates by $13.2M in first month of FY24

    The Office of Budget and Management released July 2023 preliminary revenue data Monday. For this first month of FY24, total General Revenue Fund tax receipts finished $13.2 million (0.6%) above estimate.
  • Aug 11, 2023

    Week in Review: Aug. 13, 2023

    Gov. Mike DeWine announced the latest round of funding from the Ohio Department of Transportation's Highway Safety Improvement Program that will see $61 million go to 27 new traffic safety projects around the state.
  • Aug 04, 2023

    Ohio Supreme Court decision will impact future tax cases

    While members are still awaiting the decision on the 2020 municipal income tax refunds, the Ohio Supreme Court sided with the oil and gas industry in a major decision affirming a series of sales/use tax write-offs for equipment used in oil and gas “fracking.”
  • Aug 04, 2023

    Last chance to preview Ohio's new tax system

    This September, the Ohio Department of Taxation will launch a new system to manage Ohio's individual and school district income taxes.
  • Aug 04, 2023

    Week in Review: Aug. 6, 2023

    Ohioans seeking jobs at Intel and associated supplier businesses will be able to undergo training through a modular curriculum announced by community and technical college leaders along with Lt. Gov. Jon Husted and Intel Ohio General Manager Jim Evers.
  • Jul 28, 2023

    Week in Review: July 30, 2023

    The proposed initiated statute to legalize marijuana for adults ages 21 and older fell just short of the number of valid signatures required to make the ballot in November, according to the Ohio Secretary of State's Office.
  • Jul 27, 2023

    Sales tax holiday this weekend

    Ohio will have a sales tax holiday from Friday, August 4, 2023, at 12 a.m. to Sunday, August 6, 2023, at 11:59 p.m.
  • Jul 27, 2023

    IRS ends unannounced visits to taxpayers

    The IRS will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees.