• Week in Review: Oct. 1, 2023

    Sep 29, 2023, 00:00 AM by Jessica Salerno
    The DeWine administration and Ohio Department of Development (DOD) announced Monday that the $600 million onshoring grant to support Intel's manufacturing campus had been disbursed, saying it shows the state is delivering on its commitments.
    Full story
  • How to claim Ohio’s resident tax credit for the SALT cap deduction from other states

    Sep 22, 2023, 00:00 AM by Jessica Salerno
    Last year, Senate Bill 246 (134th GA) authorized pass-through entity owners to “elect” to file a new form IT 4738 and be subject to a new entity-level tax in response to the federal $10,000 SALT deduction cap limit placed on individuals.
    Full story
  • Week in Review: Sept. 24, 2023

    Sep 22, 2023, 00:00 AM by Jessica Salerno
    Joby Aviation Inc. announced plans Monday to build an electric air taxi manufacturing facility at Dayton International Airport, creating 2,000 new jobs in the region.
    Full story
  • DOL proposes new overtime rule salary threshold

    Sep 15, 2023, 00:00 AM by Jessica Salerno
    A new salary overtime rule could impact millions of workers under a new proposal from the U.S. Department of Labor.
    Full story
  • Upcoming regulations on Sec. 174 R&D expensing

    Sep 15, 2023, 00:00 AM by Jessica Salerno
    The IRS and Treasury last week issued a notice describing upcoming proposed regs that will clarify the new requirement from the Tax Cuts and Jobs Act to amortize research costs.
    Full story
  • OBM: Rainy Day Fund reaches ‘record’ level; August revenues exceed estimates

    Sep 15, 2023, 00:00 AM by Jessica Salerno
    The OBM announced that the state’s Rainy Day Fund stands at a record of nearly $3.7 billion, “an increase of $174.7 million following the accrual of interest at the close of FY23 and the completion of a cash transfer into the fund” as authorized by the FY24-25 budget bill, HB33 (Edwards).
    Full story
  • Maryland Board discusses experiential learning applied toward 150-hour requirement

    Sep 15, 2023, 00:00 AM by Jessica Salerno
    Experiential learning courses enable students to work part-time or full-time while gaining academic credits. We covered the finer details of what experiential learning could look like for the profession in May.
    Full story
  • Week in Review: Sept. 17, 2023

    Sep 15, 2023, 00:00 AM by Jessica Salerno
    Property tax relief bill HB197 (Hall-Bird) now includes language to modify how Current Agricultural Use Value (CAUV) is calculated for farmland.
    Full story
  • Week in Review: Aug. 27, 2023

    Aug 27, 2023, 00:00 AM by Jessica Salerno
    The Ohio Department of Transportation announced Tuesday it will provide $16.9 million to help 10 municipalities with major roadway reconstruction and maintenance projects as part of its Small City Program.
    Full story
  • Ohio Society of CPAs reaches out to Congress to support delay in Beneficial Ownership Reporting requirements

    Aug 25, 2023, 00:00 AM by Jessica Salerno
    OSCPA has called on federal legislators to support two bills that have been introduced – Senate bill S. 2623 and companion legislation in the House, H.R. 4035, the Protecting Small Business Information Act of 2023.
    Full story
  • CAT changes will impact upcoming tax filings

    Aug 18, 2023, 00:00 AM by Jessica Salerno
    House Bill 33 enacted the first major changes to the Commercial Activity Tax (CAT) exemption amounts since its inception in 2005.
    Full story
  • ODT to implement new OH|TAX eService

    Aug 18, 2023, 00:00 AM by Jessica Salerno
    OH|TAX eServices will modernize how ODT administers Ohio’s Individual and School District Income Taxes
    Full story
  • Week in Review: Aug. 20, 2023

    Aug 18, 2023, 00:00 AM by Jessica Salerno
    The use of artificial intelligence should not be regulated at the state level, but state governments should have policies for how the technology is used at state agencies, said Lt. Gov. Jon Husted.
    Full story
  • Revenues top estimates by $13.2M in first month of FY24

    Aug 11, 2023, 00:00 AM by Jessica Salerno
    The Office of Budget and Management released July 2023 preliminary revenue data Monday. For this first month of FY24, total General Revenue Fund tax receipts finished $13.2 million (0.6%) above estimate.
    Full story
  • Week in Review: Aug. 13, 2023

    Aug 11, 2023, 00:00 AM by Jessica Salerno
    Gov. Mike DeWine announced the latest round of funding from the Ohio Department of Transportation's Highway Safety Improvement Program that will see $61 million go to 27 new traffic safety projects around the state.
    Full story
  • Ohio Supreme Court decision will impact future tax cases

    Aug 4, 2023, 00:00 AM by Jessica Salerno
    While members are still awaiting the decision on the 2020 municipal income tax refunds, the Ohio Supreme Court sided with the oil and gas industry in a major decision affirming a series of sales/use tax write-offs for equipment used in oil and gas “fracking.”
    Full story
  • Last chance to preview Ohio's new tax system

    Aug 4, 2023, 00:00 AM by Jessica Salerno
    This September, the Ohio Department of Taxation will launch a new system to manage Ohio's individual and school district income taxes.
    Full story
  • Week in Review: Aug. 6, 2023

    Aug 4, 2023, 00:00 AM by Jessica Salerno
    Ohioans seeking jobs at Intel and associated supplier businesses will be able to undergo training through a modular curriculum announced by community and technical college leaders along with Lt. Gov. Jon Husted and Intel Ohio General Manager Jim Evers.
    Full story
  • Week in Review: July 30, 2023

    Jul 28, 2023, 00:00 AM by Suzanne McCann-Perry
    The proposed initiated statute to legalize marijuana for adults ages 21 and older fell just short of the number of valid signatures required to make the ballot in November, according to the Ohio Secretary of State's Office.
    Full story
  • Sales tax holiday this weekend

    Jul 27, 2023, 00:00 AM by Jessica Salerno
    Ohio will have a sales tax holiday from Friday, August 4, 2023, at 12 a.m. to Sunday, August 6, 2023, at 11:59 p.m.
    Full story