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Jun 14, 2024
Sen. Michael Rulli was elected to Congress in a special election earlier this month, replacing former U.S. Rep. Bill Johnson who resigned to accept his new role as president of Youngstown State University.
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Jun 14, 2024
Months after the House adopted a project wish list for the one-time capital funding pool established in the biennial budget, the Senate introduced SB288 (Dolan) on Monday that includes a plan for all $700 million set aside in HB33 (Edwards).
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Jun 07, 2024
Governor Mike DeWine on May 31 announced the 2024 expanded Sales Tax Holiday will take place from 12:00 a.m. Tuesday, July 30 until 11:59 p.m. Thursday, August 8.
In conjunction with the Ohio General Assembly, Governor DeWine expanded the length of Ohio’s Sales Tax holiday to 10 days and will allow tax-free purchases made in-person or online on all eligible items of up to $500.
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Jun 07, 2024
New Ohio Employer Withholding Rates: The Ohio Department of Taxation has issued new employer withholding tables for payrolls that end on or after July 1, 2024. The new tables include the income tax rate reductions that went into effect when House Bill 33 (135th General Assembly) was signed into law on July 4, 2023.
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Jun 07, 2024
Tax revenues were back on target in May after a slide over the past several months that turned a $200 million-plus overage into a $400 million-plus shortfall in collections, according to preliminary figures from the Office of Budget and Management (OBM).
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May 31, 2024
Recognizing the public interest threat from a decline in candidates entering the CPA profession, the California Board of Accountancy (CBA) held a special stakeholder meeting May 17 for an update on its SURE CPA (Students Understanding the Requirements to be a Certified Public Accountant) initiative and a resulting proposed licensing framework.
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May 31, 2024
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. The May 24, 2024, meeting included a variety of topics.
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May 31, 2024
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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May 30, 2024
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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May 23, 2024
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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May 17, 2024
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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May 17, 2024
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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May 17, 2024
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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May 17, 2024
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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May 10, 2024
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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May 10, 2024
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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May 10, 2024
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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May 10, 2024
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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May 10, 2024
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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May 10, 2024
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.