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Jun 11, 2021
The Office of Budget and Management released May 2021 preliminary revenue data. Total General Revenue Fund tax receipts finished the month $744.7 million or 34.1% above the budgeted estimate as the state heads into the final month of FY21.
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Jun 04, 2021
The Senate GOP's version of the FY22-23 budget, HB110 (Oelslager), would reduce income taxes by 5% across the board.
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Jun 03, 2021
The latest draft of Ohio’s budget bill contains several OSCPA-advocated items that will improve the state’s business climate, including revised pandemic-related municipal income tax withholding rules and eliminating the sales and use tax on employment services.
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Jun 01, 2021
IRS Stakeholder Liaison Area 3 is looking for volunteers who regularly work with IRS Appeals to attend the IRS Independent Office of Appeals’ upcoming feedback and listening session June 7, 2-3 p.m.
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May 28, 2021
Ohio businesses will have another opportunity to help their employees earn technology credentials when the next round of TechCred opens June 1.
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May 28, 2021
Ohio Tax Commissioner Jeff McClain did not abuse his discretion in adopting his department's Current Agricultural Use Valuation table in 2016, a unanimous Ohio Supreme Court ruled this week.
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May 27, 2021
The Ohio Society of CPAs this week supported a bill that prevents a cash-flow issue for businesses that take advantage of pro-taxpayer provisions in the federal CARES Act.
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May 27, 2021
The Ohio House on May 26 approved two OSCPA-supported bills that would make needed adjustments to municipal tax collection.
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May 27, 2021
The Ohio Department of Taxation has issued an important alert this week for taxpayers who filed federal and Ohio tax returns without the unemployment benefits deduction and who are waiting for the IRS to issue a refund.
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May 24, 2021
OSCPA President & CEO Scott Wiley, CAE, reflects on an event that changed public perceptions and sparked change in the business community and American life.
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May 21, 2021
For the week ending May 15, the Ohio Department of Job and Family Services reported 17,472 initial unemployment claims to the U.S. Department of Labor.
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May 20, 2021
The Ohio House Ways & Means Committee this week approved two OSCPA-supported bills that fix issues related to the treatment of municipal income taxes during the pandemic.
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May 20, 2021
Gov. Mike DeWine signed Senate Bill 108 and Senate Bill 109 that deliver $682 million in business grants and other assistance.
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May 17, 2021
The IRS on May 14 announced it will begin issuing refunds to eligible taxpayers who paid taxes on 2020 unemployment compensation that the American Rescue Plan later excluded from taxable income.
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May 14, 2021
Attorney General Dave Yost Wednesday rejected the summary language for a proposed constitutional amendment that would allow individuals to sue state and local government entities.
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May 13, 2021
The Ohio Society of CPAs has both the U.S. and Ohio Constitution on its side, as it continues to make the statement at the Statehouse that employees should not have to pay income tax to cities where they neither live, nor work.
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May 07, 2021
The Office of Budget and Management reported a half billion dollar-plus miss on income tax collections in April but said it expects to make that up in May, which now includes the deadline for income tax filing after the pandemic prompted another delay.
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May 06, 2021
The Ohio House Ways & Means Committee this week added two amendments to a bill addressing issues with municipal net profits taxes.
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May 06, 2021
The Accountancy Board of Ohio last week supported a key rule change recommended by OSCPA that will enable future CPA Exam candidates to begin the exam process sooner.
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Apr 30, 2021
The Ohio Department of Taxation in the coming fiscal year will begin a two-year project to modernize the personal income tax and school district income tax computer system.