Latest News:

  • Jan 22, 2021

    Week in review: Jan. 24

    The U.S. Small Business Administration fully reopened its portal for first and second Paycheck Protection Program applications on Tuesday, following an initial limit to only community financial institutions in order to "promote access to capital."
  • Jan 21, 2021

    Town Hall recap: PPP2 funding, legislative update and more

    The profession has been at an inflection point for almost a year, and CPAs play a pivotable part in the solution to economic recovery, OSCPA CEO and president Scott Wiley, CAE, said last week at the Society’s Town Hall session. Wiley was joined by Lisa Simpson, CPA, CGMA, vice president firm services at the AICPA and Erik Asgeirsson, CEO of CPA.com to discuss the Paycheck Protection Program, the CPA business funding portal, provide a legislative update and answer questions from the audience.
  • Jan 21, 2021

    SBA releases trove of PPP guidance and forms

    An 18-page PDF detailing how Paycheck Protection Program borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans was just one of the many PPP-related documents released this week by the U.S. Small Business Administration and Treasury.
  • Jan 15, 2021

    SBA opens PPP loan application portal to defined lenders

    The U.S. Small Business Administration on Jan. 15 opened its loan application portal for the Paycheck Protection Program to a defined set of lenders – including the CPA Business Funding Portal’s direct funding provider, Biz2Credit.
  • Jan 15, 2021

    Week in Review: Jan. 17, 2021

    Gov. Mike DeWine and his staff put the finishing touches on the administration's proposed FY22-23 budget which is due to the Legislature by Monday, Feb. 1
  • Jan 14, 2021

    Feds issue new PPP guidance

    The U.S. Small Business Administration and Treasury Department this week issued new guidance on the Paycheck Protection Program.
  • Jan 10, 2021

    Back to the Future: Credit carryforwards return

    OSCPA is happy to announce that the Ohio Department of Taxation has added to the 2020 PTE tax returns the option for taxpayers to complete a credit carryforward to tax year 2021.
  • Jan 09, 2021

    CPA exam bill signed into law

    The new law is a major legislative victory for the accounting profession and was the result of lengthy discussion and research by OSCPA members and staff.
  • Jan 08, 2021

    OSCPA statement on this week’s events in Washington, D.C.

    The Ohio Society of CPAs condemns the violent and unlawful actions this week by protestors in Washington, D.C. and commends those members of Congress who performed their Constitutional duty certifying the presidential election.
  • Jan 08, 2021

    Week in review: Jan. 10, 2021

    Attorney General Dave Yost issued a warning recently on scams related to the COVID-19 vaccine, saying that consumers may see attempts to impersonate distributors, providers or local health department officials.
  • Jan 08, 2021

    ODT issues pass-through entity & fiduciary income tax updates

    The Ohio Department of Taxation issued a slew of pass-through entity & fiduciary income tax updates on New Year’s Eve; here are the details, in case you missed them.
  • Jan 07, 2021

    Eligible PPP expenses are now deductible

    The Treasury Department and the IRS this week issued guidance allowing deductions for the payments of eligible expenses when such payments would result in the forgiveness of a loan under the Paycheck Protection Program.
  • Jan 07, 2021

    Dec. top ten: Legislative content keeps the lead

    In December, CPA Takeaways readers were most interested in legislative content such as House Bill 404, House Bill 442 and PPP deductibility.
  • Dec 23, 2020

    Coronavirus stimulus bill provides PPP deductibility, simplified forgiveness application

    Congress on Dec. 21 passed a $900 billion COVID-19 relief bill that ensures tax deductibility for business expenses paid with forgiven Paycheck Protection Program loans, provides fresh PPP funding, makes Sec. 501(c)(6) not-for-profit organizations eligible for loans for the first time, and offers businesses facing severe revenue reductions the opportunity to apply for a second loan.
  • Dec 23, 2020

    CPA exam bill awaits governor approval

    In a second major victory in as many months for the accounting profession in Ohio, the State Senate Friday evening passed a bill to allow students to sit for the CPA exam at 120 semester hours.
  • Dec 23, 2020

    Society Executive Board member slated to join the AICPA Board of Directors

    OSCPA Executive Board member Ebonie Jackson, CPA, CITP, CGMA, has been selected to join the Board of Directors of the AICPA.
  • Dec 18, 2020

    Week in review: Dec. 20, 2020

    Ohio is scheduled to receive 420,000 doses of COVID-19 vaccine from Pfizer and Moderna by Christmas, and another 137,000 doses the week of New Year's Day. Read more in the week in review.
  • Dec 18, 2020

    CPA exam bill approved by Senate; heads soon to governor for approval

    In a second major victory in as many months for the accounting profession in Ohio, the State Senate Friday evening passed a bill to allow students to sit for the CPA exam at 120 semester hours.
  • Dec 17, 2020

    CPA Voice: The impact of the CARES Act on Site Selection

    One of the provisions of the CARES Act could have a significant positive impact on companies that are in growth mode and planning additional locations.
  • Dec 17, 2020

    OSCPA member Megan Durst appointed to ABO

    OSCPA member Megan Durst, CPA, CVA, MS, of Dresden has been appointed to the Accountancy Board of Ohio for a term beginning Jan. 1 and continuing through Oct. 27, 2027.