• Week in Review: April 7, 2024

    Apr 7, 2024, 17:13 PM by Suzanne McCann-Perry
    Gov. Mike DeWine announced Friday that he has initiated several federal and state disaster aid mechanisms that could bring financial relief to Ohioans affected by severe weather last month. The action comes after a damage assessment conducted by the Federal Emergency Management Agency (FEMA) in the 11-county area affected by tornadoes that occurred in March.
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  • ODT provides several updates ahead of April 15 deadline

    Apr 5, 2024, 02:00 AM by Natalie Rooney
    The Ohio Department of Taxation (ODT) recently announced extended service hours for the remainder of the income tax filing season (in addition to normal business hours). The ODT’s income/school district income tax phone lines at 800-282-1780 will be open until 7:00pm (instead of 5:00pm) on April 10, April 11, April 12 and April 15.
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  • Beneficial Ownership Information update

    Apr 5, 2024, 02:00 AM by Natalie Rooney
    The Ohio Society of CPAs and all state CPA societies joined an AICPA letter to FinCEN on April 3 raising concerns with the rollout of the Beneficial Ownership Information reporting requirements.
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  • Ohio General Assembly election recap: Five House incumbents lose primary elections; senators fend off challengers

    Mar 22, 2024, 00:00 AM by Jessica Salerno Shumaker
    Four incumbent Republicans who voted for House Speaker Jason Stephens (R-Kitts Hill) over caucus pick Derek Merrin (R-Maumee) lost their seats in Republican primaries Tuesday, despite heavy spending by the Stephens-led Ohio House Republican Alliance (OHRA) to defend them.
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  • Week in Review: March 24, 2024

    Mar 22, 2024, 00:00 AM by Jessica Salerno Shumaker
    Intel's projects in Ohio and three other states will receive up to $8.5 billion in combined funding through the CHIPS and Science Act, according to a Biden administration announcement Wednesday that received widespread praise from Ohio leaders.
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  • Week in Review: March 17, 2024

    Mar 17, 2024, 00:00 AM by Jessica Salerno Shumaker
    The Ohio Public Works Commission is hoping to avoid a delay in capital appropriations legislation that could affect timing for local government infrastructure projects now in the pipeline.
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  • Tax collections up slightly in February

    Mar 15, 2024, 00:00 AM by Jessica Salerno Shumaker
    State tax revenues ran nearly 2% ahead of expectations in February and are just about on target for the fiscal year so far, according to preliminary revenue data from the Office of Budget and Management.
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  • OSCPA Town Hall covers how 120/150 impacts potential CPA candidates, accounting pipeline issues

    Mar 14, 2024, 02:00 AM by Jessica Salerno Shumaker
    A recent research paper examines the impact the 120/150 hour rule has on CPA candidates as well as CPA service quality.
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  • Minnesota legislature pursuing alternative CPA licensure path

    Mar 8, 2024, 00:00 AM by Jessica Salerno Shumaker
    Like Ohio, states across our nation are concerned about the shrinking number of individuals seeking to become CPAs and the negative impact that could have on employers and those they serve.
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  • Ohioans begin requesting, casting primary ballots

    Mar 8, 2024, 00:00 AM by Jessica Salerno Shumaker
    Ohioans have cast 131,613 primary election ballots through March 4, Secretary of State Frank LaRose’s office said in an email.
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  • New info released on the municipal net profit tax

    Mar 8, 2024, 00:00 AM by Jessica Salerno Shumaker
    The Ohio Department of Taxation issued a new information release for the municipal net profit tax to advise taxpayers and municipalities of recent legislative changes made by Am. Sub. H.B. 33 related to the municipal net profit tax as administered by the ODT.
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  • Week in Review: March 10, 2024

    Mar 8, 2024, 00:00 AM by Jessica Salerno Shumaker
    Opening the Governor's Executive Workforce Board meeting Tuesday, Lt. Gov. Jon Husted announced a new state resource aimed at helping connect those seeking a new career with the resources needed to achieve their career goals.
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  • Sen. George Lang wins Outstanding Legislator Award

    Mar 1, 2024, 00:00 AM by Jessica Salerno Shumaker
    The Ohio Society of CPAs was pleased to recognize State Senator George Lang, R-West Chester, with the OSCPA Outstanding Legislator Award on March 1. The award presentation was hosted in Cincinnati by organizational member Seibel & Katz CPAs.
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  • Joint Committee on Property Tax Review and Reform continues hearings

    Mar 1, 2024, 00:00 AM by Jessica Salerno Shumaker
    A veteran of Ohio tax administration told the General Assembly’s property tax study panel Wednesday that the flagship policy for preventing spikes in tax bills no longer works well.
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  • National Pipeline Advisory Group asking for feedback on accounting's talent challenges

    Mar 1, 2024, 00:00 AM by Jessica Salerno Shumaker
    The National Pipeline Advisory Group is asking professionals to make their voices heard with a 10-minute survey on accounting's talent issues and possible long-term strategies.
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  • Week in Review: March 3, 2024

    Mar 1, 2024, 00:00 AM by Jessica Salerno Shumaker
    Gov. Mike DeWine's administration announced Monday the approval of assistance for eight projects expected to create 1,171 new jobs and retain 3,635 jobs statewide.
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  • Earn CPE as a poll worker in the upcoming election

    Feb 23, 2024, 00:00 AM by Jessica Salerno Shumaker
    Volunteering as a poll worker in the upcoming 2024 elections could earn CPAs additional credit hours this year.
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  • No ‘gotcha’ enforcement of BOI regulations, FinCEN chief vows

    Feb 23, 2024, 00:00 AM by Jessica Salerno Shumaker
    The Financial Crimes Enforcement Network will not use "gotcha enforcement actions" against small businesses when it finds errors in reports of beneficial ownership information, the network's director told a congressional committee on Wednesday.
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  • Week in Review: Feb. 25, 2024

    Feb 23, 2024, 00:00 AM by Jessica Salerno Shumaker
    The Ohio Department of Development announced Friday it is now accepting site proposals as part of the All Ohio Future Fund, which seeks to help attract economic development projects by increasing the number of project-ready sites.
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  • Week in Review: Feb. 18, 2024

    Feb 18, 2024, 00:00 AM by Jessica Salerno Shumaker
    The Ohio Department of Development announced Wednesday that 23 movie and television productions will receive more than $44 million in tax credits through the Motion Picture Tax Credit Program.
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