Latest News:

  • Mar 05, 2021

    Week in review: March 7, 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.
  • Mar 04, 2021

    Legislature announces nearly $2 billion in relief bills

    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.
  • Feb 26, 2021

    Week in review: Feb. 28, 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.
  • Feb 25, 2021

    OSCPA testifies in support of PPP deductibility, PTE withholding rate reduction

    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.
  • Feb 25, 2021

    PPP rules change to reach small businesses

    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.
  • Feb 19, 2021

    Week in Review: Feb. 21, 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.
  • Feb 19, 2021

    March 1 registration deadline approaching

    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.
  • Feb 18, 2021

    OSCPA leads federal-level effort to address BWC dividend issues

    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.
  • Feb 12, 2021

    Week in Review: Feb. 14, 2021

    The state's revenues continue to exceed estimates with January's coming in $81.3 million or 3.6% overestimates.
  • Feb 11, 2021

    Ohio Senate votes BWC refunds CAT fix, PPP deductibility bill to the House

    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).
  • Feb 11, 2021

    ABO recap: Board reviews conforming rule changes for HB 442

    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.
  • Feb 11, 2021

    Victims of unemployment fraud urged to act now

    Victims of unemployment fraud could potentially face higher taxes if the suspected fraud isn’t reported, according to The Ohio Department of Taxation.
  • Feb 05, 2021

    Week in Review: Feb. 7, 2021

    House hearings on the governor's proposed FY22-23 budget began Thursday in the House Finance Committee.
  • Feb 04, 2021

    Your help needed: OSCPA seeks exclusion for BWC dividends from CAT

    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.
  • Feb 04, 2021

    OSCPA-led bill addresses state PPP deductibility

    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.
  • Feb 04, 2021

    January Top 10: PPP and tax season take over January

    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.
  • Jan 29, 2021

    Week in review: Jan. 31, 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.
  • Jan 28, 2021

    PODCAST: Lampner sheds light on PPP

    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.
  • Jan 28, 2021

    Tax Season Digest: What tax practitioners need to know

    OSCPA Tax policy Director Greg Saul shares items of interest that crossed his desk this week.
  • Jan 28, 2021

    The long-term impact of growing debts and deficits

    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.