• Week in Review: Dec. 22, 2024

    Dec 22, 2024, 00:00 AM by Jessica Salerno Shumaker
    The DeWine administration announced Monday that Amazon Web Services plans to invest around $10 billion in additional funds for its data center infrastructure across Ohio, with hundreds of new jobs expected by the end of 2030.
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  • Upcoming changes to the Commercial Activity Tax

    Dec 20, 2024, 00:00 AM by Jessica Salerno Shumaker
    Effective Jan. 1, 2025, the annual exclusion amount for business increases from $3 million to $6 million. If your taxable gross receipts are $6 million or less, you will not have to pay the tax.
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  • CPA workforce reform legislation heads to Gov. DeWine for signature

    Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker
    If signed into law by the Governor, new approaches will be adopted in Ohio that will address the challenges the CPA profession is now facing: the shrinking population of CPAs caused by retirements and too few new licensees, and strengthening existing interstate mobility laws to protect current licensees in the future.
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  • Senior VP Barb Benton to retire from OSCPA after a remarkable career

    Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker
    While an impressive career of advocating for Ohio CPAs resulted in numerous legislative wins and meaningful reform, for Barb Benton, it all comes down to one thing.
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  • Week in Review: Dec. 15, 2024

    Dec 14, 2024, 00:00 AM by Jessica Salerno Shumaker
    The DeWine administration recently announced the awarding of over $56 million as part of the Historic Preservation Tax Credit Program, with 37 projects set to receive funding in the latest round.
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  • CPA Workforce Reform legislation passes Senate

    Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker
    OSCPA-backed legislation is currently pending before the Ohio Legislature that seeks to address the shrinking population of CPAs and strengthen existing interstate mobility laws.
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  • OSCPA signs letter to Treasury & FinCEN expressing grave concerns with BOI implementation

    Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker
    As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, OSCPA has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the Jan. 1, 2025 deadline
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  • November revenues fall short

    Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker
    The Office of Budget and Management reported Friday that preliminary estimates of November’s revenues show them coming in nearly 3% below estimates. Specifically, the state was nearly $76.9 million or 2.9% below estimates for the month.
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  • Week in Review: Dec. 8, 2024

    Dec 8, 2024, 00:00 AM by Jessica Salerno Shumaker
    The JobsOhio Board of Directors met Thursday at which time Chair Josh Rubin said that while JobsOhio has been a "tremendous success" on many fronts, Ohio has changed since 2011 and so the organization needs to continue to evolve.
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  • Standing strong for Ohio’s CPAs

    Dec 6, 2024, 00:00 AM by Jessica Salerno Shumaker
    For over a century, the Ohio Society of CPAs has stood as a steadfast advocate for excellence in the CPA profession, empowering thousands of licensees across our great state. We continue that legacy today by addressing our field's most pressing challenges.
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  • OH | Tax eServices launching Dec. 9

    Dec 6, 2024, 00:00 AM by Jessica Salerno Shumaker
    The second phase of OH | Tax eServices will allow taxpayers to file more types of returns, including sales/use, public utility and personal property among others.
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  • U.S. District Court halts enforcement of BOI reporting rules – for now

    Dec 5, 2024, 00:00 AM by Jessica Salerno Shumaker
    On Dec. 3 the U.S. District Court for the Eastern District of Texas suspended nationwide the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.
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  • What to expect from the tax landscape in 2025

    Dec 5, 2024, 00:00 AM by Jessica Salerno Shumaker
    The former Ohio Tax Commissioner offered this advice to CPAs on tax developments in the new year: be prepared for anything.
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  • Final reminder: Ohio Business Gateway deadline is Dec. 2

    Nov 22, 2024, 00:00 AM by Jessica Salerno Shumaker
    Ohio Business Gateway users only have one more week to act before Dec. 2 – that’s when multi-factor authentication becomes an OH/ID login requirement for the OBG.
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  • TechCred application period closes Nov. 29

    Nov 22, 2024, 00:00 AM by Jessica Salerno Shumaker
    This is the second application period where OSCPA members can take advantage of our recent partnership with MAX Technical Training by enrolling in TechCred-approved courses that are also eligible for CPE credits.
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  • Ohio House and Senate leadership announced

    Nov 22, 2024, 00:00 AM by Jessica Salerno Shumaker
    Sen. Rob McColley (R-Napoleon) will serve as Senate president in the 136th General Assembly, while Sen. Nickie Antonio (D-Lakewood) will remain minority leader, after both caucuses met and chose their leadership for the next session.
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  • Week in Review: Nov. 24, 2024

    Nov 22, 2024, 00:00 AM by Jessica Salerno Shumaker
    With the population of Columbus projected to reach nearly 3.5 million people by 2050, leaders in the region right now are facing major decisions concerning regional planning and economic development that could pave the way for the region's smooth growth to that size or make the path rockier.
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  • Week in Review: Nov. 17, 2024

    Nov 16, 2024, 00:00 AM by Jessica Salerno Shumaker
    Lt. Gov. Jon Husted told members of the Ohio Manufacturers' Association that "made in America" requires "made in Ohio" during the OMA workforce summit Thursday.
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  • Ohio Business Gateway deadline, more resources now available

    Nov 15, 2024, 00:00 AM by Jessica Salerno Shumaker
    Ohio Business Gateway users only have two more weeks to act before Dec. 2 – that’s when multi-factor authentication becomes an OH/ID login requirement for the OBG.
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  • Beneficial Ownership Information updates and resources

    Nov 15, 2024, 00:00 AM by Jessica Salerno Shumaker
    Ohio is among the 47 states that have not weighed in on the unauthorized practice of law issue concerning the upcoming beneficial ownership information reporting requirement.
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