• Week in Review: June 2, 2024

    May 31, 2024, 02:00 AM by Natalie Rooney
    A three-judge panel of the U.S. Sixth Circuit Court of Appeals ruled 2-1 Wednesday that Attorney General Dave Yost must forward a proposed constitutional amendment on qualified immunity on to the next step in the ballot initiative process, but Yost's office said Thursday he will ask the full appellate court to review that ruling.
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  • The future of energy and what it means to Ohio business

    May 30, 2024, 02:00 AM by Natalie Rooney
    Plentiful energy is critical to Ohio’s economic growth, and Sen. Bill Reineke (R - Tiffin) recently addressed a group of OSCPA members to discuss energy challenges and opportunities facing Ohio’s business community.
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  • AICPA's NPAG releases recommendations to tackle the accounting talent shortage

    May 23, 2024, 02:00 AM by Natalie Rooney
    An independent national group formed by AICPA and featuring stakeholders from throughout the accounting profession has released its draft strategy report. The document includes a series of recommendations for tackling the accounting talent shortage.
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  • IRS announces tax relief for taxpayers impacted by tornadoes in Ohio; various deadlines postponed to Sept. 3, 2024

    May 17, 2024, 02:00 AM by Natalie Rooney
    The IRS announced on May 16 tax relief for individuals and businesses in Ohio that were affected by tornadoes that began on March 14, 2024.
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  • ABO exec provides licensing board status to Ohio Senate

    May 17, 2024, 02:00 AM by Natalie Rooney
    Accountancy Board of Ohio Executive Director Donna Oklok gave testimony May 8 on HB 238, occupational licensing sunset legislation, at a hearing before the Senate Government Oversight Committee.
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  • GR team hosts guest speakers during Advance sessions

    May 17, 2024, 02:00 AM by Natalie Rooney
    The Ohio Society of CPAs government relations (GR) team recently hosted three different guest speakers during the live portion of the four Advance sessions.
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  • Week in Review: May 19, 2024

    May 17, 2024, 02:00 AM by Natalie Rooney
    Attorney General Dave Yost says Ohio will share in settlements totaling $10.25 million with the country's three largest wireless carriers to resolve an investigation into deceptive and misleading advertising.
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  • FTC bans noncompete agreements

    May 10, 2024, 02:00 AM by Natalie Rooney
    The Federal Trade Commission (FTC) issued its final rule on April 23 banning virtually all noncompete agreements covering workers in the United States. Absent a successful court challenge, the rule will go into effect Sept. 4, 2024.
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  • OSCPA signs onto letter urging DOL to delay implementation of new overtime final rule

    May 10, 2024, 02:00 AM by Natalie Rooney
    On May 9, the Partnership to Protect Workplace Opportunity, of which OSCPA is a member, sent a letter to the Department of Labor urging them to delay until at least Sept. 1, 2024, the first increase to the minimum salary threshold under the DOL’s new overtime final rule.
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  • GR team hosts guest speakers during Advance sessions

    May 10, 2024, 02:00 AM by Natalie Rooney
    The Ohio Society of CPAs government relations team has already hosted three guest speakers during the live portion of the Advance sessions, with one more still on tap for May 14.
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  • April tax revenues miss by $224 million, taking FY24 shortfall to $446 million

    May 10, 2024, 02:00 AM by Natalie Rooney
    Higher than expected refund totals drove a $154.8 million shortfall in income tax collections compared to estimates for April, making up the bulk of an overall $224.4 million or 8.4% miss in tax revenues versus forecasts, according to preliminary data from the Office of Budget and Management.
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  • ODT Ohio Virtual Tax Academy offered May 15 & 16

    May 10, 2024, 02:00 AM by Natalie Rooney
    The Ohio Department of Taxation is offering its Ohio Virtual Tax Academy, a free event designed to provide tax-related information to small business owners, attorneys and accountants.
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  • POLITICOS ON THE MOVE: May 12, 2024

    May 10, 2024, 02:00 AM by Natalie Rooney
    New state Rep. Jodi Whitted (D-Madeira) was sworn in May 8 on the floor of the Ohio House chamber. Whitted was appointed to serve the final eight months of the term vacated by former state Rep. Jessica Miranda, who resigned from the House to become Hamilton County auditor.
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  • WEEK IN REVIEW: May 12, 2024

    May 10, 2024, 02:00 AM by Natalie Rooney
    The Controlling Board Monday approved the Ohio Department of Development's (DOD) request to release $154.4 million in American Rescue Plan Act (ARPA) funding for the Appalachian Community Grant Program.
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  • OSCPA launches Disaster Relief Resource Center

    May 9, 2024, 02:00 AM by Natalie Rooney
    In the wake of the devastating tornadoes and other extreme weather events affecting Ohio in recent months, OSCPA has launched a webpage with disaster relief resources to help you and those you serve navigate unexpected events.
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  • State CPA Societies seek to join Ohio in possible alternatives to 150-hour licensure requirement

    May 3, 2024, 00:00 AM by Natalie Rooney
    Around the country at the state and national levels, discussions continue to take place about potential licensure improvements that will achieve the collective goal of increasing the number of licensed CPAs entering the accounting profession and increasing the number of experienced CPAs who stay in the accounting profession.
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  • Property Tax Review Committee meets on back-to-back weeks

    May 3, 2024, 00:00 AM by Natalie Rooney
    As the Joint Committee on Property Tax Review and Reform looks at potential solutions to rising property taxes around the state, one witness told the committee on April 24 that decoupling property taxes from the Fair School Funding Plan "may have very bad consequences," a notion backed by Ohio school officials.
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  • Accountancy Board meeting addresses “CPA Retired” status, CPE reporting concerns

    May 3, 2024, 00:00 AM by Natalie Rooney
    The Accountancy Board of Ohio (ABO), the state government entity charged with licensing, regulating, and when necessary, disciplining CPAs, can significantly affect the practice of all CPAs. That is why OSCPA represents the profession at every ABO meeting and advocates for best-practice rulemaking. This meeting included a variety of topics.
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  • Politicos on the Move: May 5, 2024

    May 3, 2024, 00:00 AM by Natalie Rooney
    Last week in House session, the Democrats selected Rep. Dani Isaacsohn (D-Cincinnati) as their new minority whip, following the departure of Rep. Jessica Miranda to become Hamilton County auditor in the wake of former Rep. Brigid Kelly’s death.
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  • Week in Review: May 5, 2024

    May 3, 2024, 00:00 AM by Natalie Rooney
    Gov. Mike DeWine and Ohio Department of Development Director Lydia Mihalik Wednesday announced the awarding of more than $154 million in grants to fund economic development projects in Ohio's Appalachian region as they made stops in McArthur and Chillicothe.
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