Latest News:

  • Jan 07, 2021

    Eligible PPP expenses are now deductible

    The Treasury Department and the IRS this week issued guidance allowing deductions for the payments of eligible expenses when such payments would result in the forgiveness of a loan under the Paycheck Protection Program.
  • Jan 07, 2021

    Dec. top ten: Legislative content keeps the lead

    In December, CPA Takeaways readers were most interested in legislative content such as House Bill 404, House Bill 442 and PPP deductibility.
  • Dec 23, 2020

    Coronavirus stimulus bill provides PPP deductibility, simplified forgiveness application

    Congress on Dec. 21 passed a $900 billion COVID-19 relief bill that ensures tax deductibility for business expenses paid with forgiven Paycheck Protection Program loans, provides fresh PPP funding, makes Sec. 501(c)(6) not-for-profit organizations eligible for loans for the first time, and offers businesses facing severe revenue reductions the opportunity to apply for a second loan.
  • Dec 23, 2020

    CPA exam bill awaits governor approval

    In a second major victory in as many months for the accounting profession in Ohio, the State Senate Friday evening passed a bill to allow students to sit for the CPA exam at 120 semester hours.
  • Dec 23, 2020

    Society Executive Board member slated to join the AICPA Board of Directors

    OSCPA Executive Board member Ebonie Jackson, CPA, CITP, CGMA, has been selected to join the Board of Directors of the AICPA.
  • Dec 18, 2020

    CPA exam bill approved by Senate; heads soon to governor for approval

    In a second major victory in as many months for the accounting profession in Ohio, the State Senate Friday evening passed a bill to allow students to sit for the CPA exam at 120 semester hours.
  • Dec 17, 2020

    CPA Voice: The impact of the CARES Act on Site Selection

    One of the provisions of the CARES Act could have a significant positive impact on companies that are in growth mode and planning additional locations.
  • Dec 17, 2020

    OSCPA member Megan Durst appointed to ABO

    OSCPA member Megan Durst, CPA, CVA, MS, of Dresden has been appointed to the Accountancy Board of Ohio for a term beginning Jan. 1 and continuing through Oct. 27, 2027.
  • Dec 17, 2020

    Past OSCPA Board Chairman George Brockman: 1931-2020

    Past OSCPA Executive Board Chairman George E. Brockman, 88, died Dec. 9, in Sidney.
  • Dec 10, 2020

    CPA firm, individual permit/registration deadlines extended to July 1

    The Accountancy Board of Ohio has affirmed that House Bill 404 – signed into law last month – extends the 2020 deadline for firms and individuals to July 1, 2021 because of the pandemic.
  • Dec 10, 2020

    Ohio legislators call for PPP deductibility

    A bipartisan group of freshman members of Congress this week joined a chorus that includes the accounting profession in calling for the deductibility of Paycheck Protection Program loans.
  • Dec 10, 2020

    Society tax policy director talks business income deduction Dec. 16

    Members interested in learning more about ODT’s position on the Business Income Deduction can tune in Dec. 16 from Noon to 1 p.m. to Zaino Hall & Farrin’s livestream event on the topic. OSCPA’s Director of Tax Policy Greg Saul will serve as one of five panelists for the one-hour program entitled “ODT Reverses Course on Business Income – How CPAs and Tax Planners Can Respond.”
  • Dec 10, 2020

    ABO recap: Exam enrollment decline not as steep as expected

    OSCPA represents the CPA profession at each meeting of the Accountancy Board of Ohio, the State of Ohio government entity charged with licensing, regulating and – when necessary – disciplining CPAs.
  • Dec 03, 2020

    Businesses play critical role in stopping the spread

    The Ohio Society of CPAs this week – along with a coalition of hundreds of other Ohio businesses and organizations – called on Ohioans to join the effort to halt the spread of the coronavirus.
  • Dec 03, 2020

    CPA exam reform hearings continue in Senate

    The Ohio Senate on Dec. 2 listened to opponent and additional proponent testimony on HB 442, legislation that would allow students to start sitting for the CPA exam after completing 120 semester hours of the required 150 hours of coursework.
  • Dec 03, 2020

    November top ten: Legislative updates take over

    CPA Takeaways readers in November were most interested in advocacy-related content, such as an OSCPA supported House Bill to uphold centralized collection, PPP deductibility and CPA exam reform.
  • Dec 03, 2020

    CPA Voice: Staff augmentation and independence

    The AICPA Professional Ethics Executive Committee is re-proposing a new interpretation under the Independence Rule to address providing staff augmentation services for a client, with a significant change in direction from the original proposal.
  • Nov 25, 2020

    Profession makes push for PPP deductibility

    OSCPA has joined the AICPA in encouraging members to ask their representatives to pass legislation allowing small business owners to deduct expenses paid with Paycheck Protection Program forgiven loans.
  • Nov 19, 2020

    Senate committee hears about need for CPA exam reform

    In an active week both for Ohio legislators and our advocacy team, the Senate Transportation, Commerce and Workforce Committee this week heard from OSCPA and students about the need for reforms to the CPA exam.
  • Nov 19, 2020

    Bill helps businesses benefitting from CARES Act

    OSCPA this week provided testimony in favor of a bill our members helped to draft that would prevent a cash-flow issue for Ohio businesses that take advantage of pro-taxpayer provisions in the federal CARES Act.