Latest News:

  • Feb 12, 2021

    Week in Review: Feb. 14, 2021

    The state's revenues continue to exceed estimates with January's coming in $81.3 million or 3.6% overestimates.
  • Feb 11, 2021

    Ohio Senate votes BWC refunds CAT fix, PPP deductibility bill to the House

    The Ohio Senate Feb. 10 voted 32-0 in favor of Senate Bill 18, sending the tax conformity and Paycheck Protection Plan deductibility legislation to the Ohio House for consideration. In a major OSCPA victory, the Senate Ways & Means Committee on Feb. 9 amended the bill to exclude BWC refunds/dividends from the CAT in R.C. 5751.01(F)(2)(nn).
  • Feb 11, 2021

    ABO recap: Board reviews conforming rule changes for HB 442

    The Accountancy Board of Ohio met Feb. 5 in a virtual format to review matters of licensing, regulating, and when necessary, disciplining CPAs. Here are highlights from the February meeting.
  • Feb 11, 2021

    Victims of unemployment fraud urged to act now

    Victims of unemployment fraud could potentially face higher taxes if the suspected fraud isn’t reported, according to The Ohio Department of Taxation.
  • Feb 05, 2021

    Week in Review: Feb. 7, 2021

    House hearings on the governor's proposed FY22-23 budget began Thursday in the House Finance Committee.
  • Feb 04, 2021

    Your help needed: OSCPA seeks exclusion for BWC dividends from CAT

    As we reported recently, the Ohio Society of CPAs’ latest legislative effort seeks a legislative fix to create a Commercial Activity Tax exclusion for 2020 Bureau of Workers Compensation dividend payments.
  • Feb 04, 2021

    OSCPA-led bill addresses state PPP deductibility

    Ohio lawmakers heard testimony Feb. 2 on emergency legislation championed by The Ohio Society of CPAs that would – among other things – ensure that expenses paid with forgiven Paycheck Protection Plan loans become deductible for state income tax purposes. OSCPA has taken the lead on this issue and was the only business group asked to testify at the hearing.
  • Feb 04, 2021

    January Top 10: PPP and tax season take over January

    Tax season is among us! Last month, CPA Takeaways readers were most interested in articles regarding the PPP and tax season, with seven making it into OSCPAs top content from January.
  • Jan 28, 2021

    PODCAST: Lampner sheds light on PPP

    The second round of Paycheck Protection Program funding is open, and while many details have been clarified since last year, there are still areas that need consideration.
  • Jan 28, 2021

    Tax Season Digest: What tax practitioners need to know

    OSCPA Tax policy Director Greg Saul shares items of interest that crossed his desk this week.
  • Jan 28, 2021

    The long-term impact of growing debts and deficits

    The growing U.S. debt is an often-cited figure, but it’s valuable to consider how that number will affect American citizens in tangible terms.
  • Jan 22, 2021

    Week in review: Jan. 24

    The U.S. Small Business Administration fully reopened its portal for first and second Paycheck Protection Program applications on Tuesday, following an initial limit to only community financial institutions in order to "promote access to capital."
  • Jan 21, 2021

    Town Hall recap: PPP2 funding, legislative update and more

    The profession has been at an inflection point for almost a year, and CPAs play a pivotable part in the solution to economic recovery, OSCPA CEO and president Scott Wiley, CAE, said last week at the Society’s Town Hall session. Wiley was joined by Lisa Simpson, CPA, CGMA, vice president firm services at the AICPA and Erik Asgeirsson, CEO of CPA.com to discuss the Paycheck Protection Program, the CPA business funding portal, provide a legislative update and answer questions from the audience.
  • Jan 21, 2021

    SBA releases trove of PPP guidance and forms

    An 18-page PDF detailing how Paycheck Protection Program borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans was just one of the many PPP-related documents released this week by the U.S. Small Business Administration and Treasury.
  • Jan 15, 2021

    SBA opens PPP loan application portal to defined lenders

    The U.S. Small Business Administration on Jan. 15 opened its loan application portal for the Paycheck Protection Program to a defined set of lenders – including the CPA Business Funding Portal’s direct funding provider, Biz2Credit.
  • Jan 15, 2021

    Week in Review: Jan. 17, 2021

    Gov. Mike DeWine and his staff put the finishing touches on the administration's proposed FY22-23 budget which is due to the Legislature by Monday, Feb. 1
  • Jan 14, 2021

    Feds issue new PPP guidance

    The U.S. Small Business Administration and Treasury Department this week issued new guidance on the Paycheck Protection Program.
  • Jan 10, 2021

    Back to the Future: Credit carryforwards return

    OSCPA is happy to announce that the Ohio Department of Taxation has added to the 2020 PTE tax returns the option for taxpayers to complete a credit carryforward to tax year 2021.
  • Jan 09, 2021

    CPA exam bill signed into law

    The new law is a major legislative victory for the accounting profession and was the result of lengthy discussion and research by OSCPA members and staff.
  • Jan 08, 2021

    Week in review: Jan. 10, 2021

    Attorney General Dave Yost issued a warning recently on scams related to the COVID-19 vaccine, saying that consumers may see attempts to impersonate distributors, providers or local health department officials.