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Mar 05, 2021
All of the Ohio Department of Health's coronavirus-related public health orders will be removed when the state begins to see 50 cases per 100,000 population for two weeks, Gov. Mike DeWine.
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Mar 04, 2021
The Ohio Senate on Tuesday announced four bills totaling more than $1.9 billion in federal funding. This relief is in addition to the previous approval of more than $2.5 billion in funding to Ohio communities and schools as a result of the pandemic.
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Feb 26, 2021
The House Finance Higher Education Subcommittee received budget testimony from the Ohio Attorney General's Office Wednesday, with Director of Policy and Legislation Mike Rodgers requesting additional changes in state law be enacted through HB110.
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Feb 25, 2021
OSCPA on Tuesday testified before the Ohio House Ways & Means Committee advocating for tax conformity legislation – S.B. 18 – that will, among other things, ensure Ohio’s deductibility of forgiven PPP loan expenses, and exclude Bureau of Workers’ Compensation dividends from the Commercial Activity Tax.
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Feb 25, 2021
President Joseph Biden this week changed the Paycheck Protection Program application eligibility to only allow businesses with fewer than 20 employees to apply for two weeks, ending on March 9.
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Feb 19, 2021
Ohio's third planned "innovation district" was announced by Gov. Mike DeWine, Lt. Gov. Jon Husted and Central Ohio leaders Wednesday, following similar announcements for Cleveland in January and Cincinnati in March 2020.
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Feb 19, 2021
The deadline to register with the Ohio Department of Taxation to administer businesses’ municipal net profit tax filings and payments for the 2021 tax year is almost here.
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Feb 18, 2021
A group of 13 top business and trade associations – led by The Ohio Society of CPAs – on Wednesday sent a letter to Ohio’s Congressional delegation asking them to address issues surrounding 2020 Ohio Bureau of Workers’ Compensation dividends.
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Feb 12, 2021
The state's revenues continue to exceed estimates with January's coming in $81.3 million or 3.6% overestimates.
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Feb 11, 2021
The Ohio Senate Feb. 10 voted 32-0 in favor of Senate Bill 18, sending the tax conformity and Paycheck Protection Plan deductibility legislation to the Ohio House for consideration. In a major OSCPA victory, the Senate Ways & Means Committee on Feb. 9 amended the bill to exclude BWC refunds/dividends from the CAT in R.C. 5751.01(F)(2)(nn).
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Feb 11, 2021
The Accountancy Board of Ohio met Feb. 5 in a virtual format to review matters of licensing, regulating, and when necessary, disciplining CPAs. Here are highlights from the February meeting.
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Feb 11, 2021
Victims of unemployment fraud could potentially face higher taxes if the suspected fraud isn’t reported, according to The Ohio Department of Taxation.
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Feb 05, 2021
House hearings on the governor's proposed FY22-23 budget began Thursday in the House Finance Committee.
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Feb 04, 2021
As we reported recently, the Ohio Society of CPAs’ latest legislative effort seeks a legislative fix to create a Commercial Activity Tax exclusion for 2020 Bureau of Workers Compensation dividend payments.
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Feb 04, 2021
Ohio lawmakers heard testimony Feb. 2 on emergency legislation championed by The Ohio Society of CPAs that would – among other things – ensure that expenses paid with forgiven Paycheck Protection Plan loans become deductible for state income tax purposes. OSCPA has taken the lead on this issue and was the only business group asked to testify at the hearing.
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Feb 04, 2021
Tax season is among us! Last month, CPA Takeaways readers were most interested in articles regarding the PPP and tax season, with seven making it into OSCPAs top content from January.
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Jan 29, 2021
The DeWine administration is set to unveil its proposed budget on Feb. 1, and to "set the table" for the next biennium the governor has revised spending for the last six months of the current fiscal year.
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Jan 28, 2021
The second round of Paycheck Protection Program funding is open, and while many details have been clarified since last year, there are still areas that need consideration.
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Jan 28, 2021
OSCPA Tax policy Director Greg Saul shares items of interest that crossed his desk this week.
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Jan 28, 2021
The growing U.S. debt is an often-cited figure, but it’s valuable to consider how that number will affect American citizens in tangible terms.