-
Jun 12, 2025, 01:00
by
Natalie Rooney
The Ohio Senate sent the state operating budget to the Ohio House on June 11 with a 23-10 vote after months of testimony. The chamber’s final version of Substitute House Bill 96 includes a flat tax on nonbusiness income phased in over two years.
Full story
-
Jun 12, 2025, 01:00
by
Natalie Rooney
OSCPA joined AICPA and 52 other state societies and jurisdictions to urge the U.S. Senate Finance Committee to retain the ability for all pass-through entities to deduct state and local taxes at the entity level.
Full story
-
Jun 12, 2025, 01:00
by
Natalie Rooney
Strong income tax collections drove state revenues $251 million past estimates last month. Preliminary numbers for May show overall, tax collections were up 9.8% over estimates according to the Office of Budget and Management (OBM). The state has collected $26.4 billion over the fiscal year, which is just over $800 million above estimates.
Full story
-
Jun 6, 2025, 02:00
by
Natalie Rooney
The Ohio Senate adopted the latest version of the budget bill on June 3. The big news was the Senate moving Ohio to a flat tax on nonbusiness income phased in over two years.
Full story
-
Jun 6, 2025, 02:00
by
Natalie Rooney
Gov. Mike DeWine announced that the state’s 2025 Sales Tax Holiday will run from Friday, Aug. 1 through Thursday, Aug. 14. This is the first time the tax holiday will run for two full weeks.
Full story
-
Jun 6, 2025, 02:00
by
Natalie Rooney
President Trump has issued Executive Order 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments. Written comments and information are requested on or before June 30, 2025.
Full story
-
Jun 6, 2025, 02:00
by
Natalie Rooney
A summary of Ohio’s legislative news for the week ending June 6, 2025.
Full story
-
May 30, 2025, 02:00
by
Natalie Rooney
Please urge Congress to retain the entity level deductibility of SALT for all pass-through entities, as originally intended by the Tax Cuts and Jobs Act of 2017, approved by the IRS in Notice 2020-75 and currently in effect in Ohio with the IT 4738.
Full story
-
May 30, 2025, 02:00
by
Natalie Rooney
An executive order signed in March means the IRS will discontinue issuing paper checks for tax refunds as of Sept. 30.
Full story
-
May 30, 2025, 02:00
by
Natalie Rooney
The National Federation of Independent Business unveiled two new digital tools to help small business owners, policymakers and the public in Ohio understand the economic impact of the 20% Small Business Tax Deduction.
Full story
-
May 16, 2025, 02:00
by
Natalie Rooney
OSCPA’s delegation to AICPA Council joined President and CEO, Laura Hay, CPA, CAE, and Vice President of Government Relations Greg Saul, Esq., CAE, to advocate for the profession in Washington D.C. during meetings with Ohio’s Congressional delegation.
Full story
-
May 16, 2025, 02:00
by
Natalie Rooney
The U.S. House Ways & Means Committee approved Republicans’ sweeping tax package on May 14, after a marathon hearing in which they voted down several attempts by Democrats to rewrite the plan.
Full story
-
May 16, 2025, 02:00
by
Natalie Rooney
A summary of Ohio's legislative news for the week ending May 16, 2025.
Full story
-
May 10, 2025, 02:00
by
Natalie Rooney
A summary of Ohio's legislative news for the week ending May 9, 2025.
Full story
-
May 8, 2025, 08:00
by
Natalie Rooney
Hiring and retaining accounting talent is one of the top challenges facing the CPA profession. Learn about OSCPA's regulatory and legislative efforts aimed at removing barriers on the path to licensure for those interested in pursuing the CPA credential.
Full story
-
May 8, 2025, 08:00
by
Natalie Rooney
A new TechCred application period opened May 1 and will close on May 30. OSCPA offers two ways to help members take advantage of this comprehensive upskilling program.
Full story
-
May 8, 2025, 02:00
by
Natalie Rooney
Tax revenues came in slightly less than 1% over forecasts in April, according to preliminary data from the Office of Budget and Management.
Full story
-
May 8, 2025, 02:00
by
Natalie Rooney
All Commercial Activity Tax (CAT) practitioners and taxpayers are reminded that the first quarter 2025 CAT return is due May 12, 2025.
Full story
-
May 2, 2025, 02:00
by
Natalie Rooney
If you have not cast your vote yet for the May 6 primary election, your last chance to do so is this Tuesday. Polls will be open from 6:30am to 7:30pm.
Full story
-
May 2, 2025, 02:00
by
Natalie Rooney
Ohio’s unemployment trust fund is likely to become insolvent within several years even without any recessions in the meantime, Ohio Department of Job and Family Services Director Matt Damschroder told a House committee on April 30.
Full story