Contemporary succession planning for CPA firms is crucial to ensuring the continuity, stability, transitioning and growth of the firm. Given the evolving nature and current transformation of the public accounting industry, succession planning must adapt to modern challenges and opportunities.

Join us July 24 for our next Town Hall. State Rep. Bill Roemer, CPA, will discuss the passage of the state's main operating budget and its impact on the accounting profession in Ohio. Michael Bowman, Director at GTM, will cover federal tax changes. Earn 1 hour of complimentary CPE for attending! Register today!

As a result of advocacy efforts, the final version of the federal reconciliation bill signed into law by President Trump on July 4 retains the ability of all pass-through entities to continue deducting state and local taxes at the entity level.

A summary of Ohio's legislative news for the week ending July 11, 2025

In his final biennial budget, Gov. Mike DeWine took the veto pen to the most items of his governorship, striking 67 items out of HB96 (Stewart), including several property tax provisions, before signing it just before midnight on June 30.

Ohio’s 2025 Sales Tax Holiday is almost here. Scheduled to run from Friday, Aug. 1 through Thursday, Aug. 14, the holiday sales tax exemption will apply to items priced at $500 or less, purchased in-person or online, with some exceptions.

According to preliminary revenue data from the Office of Budget and Management released July 7, Ohio exceeded its revenue forecast for the just concluded FY25 by $1.04 billion or 3.7%. The Personal Income Tax accounts for the bulk of the overage.

For professionals navigating high expectations, long hours and constant demands, prioritizing well-being is essential. Dr. Ashley A. Hicks, a clinical associate professor at The Ohio State University, says we can build intentional habits of renewal.

This year marks the 10th anniversary of McKinsey & Company’s Women in the Workplace report. Associate Partner Joanna Si will be sharing results and recommendations from the study as the keynote speaker at OSCPA’s 2025 Women, Wealth & Wellness Conference.

A mix of state and federal issues captured Ohio CPAs’ attention in June, with Pass Through Entities’ ability to deduct SALT and the phase out of paper checks by the Treasury topping the list. Check out the complete list of top 10 stories from June.

A provision tucked into the federal reconciliation bill, the One Big Beautiful Bill Act (H.R.1), will negatively impact all pass-through entities (PTEs) that can currently deduct state and local taxes (SALT) through Ohio’s IT 4738. Please contact your federal elected officials to ensure these OSCPA legislative victories do not become futile.

In the early morning hours of June 25, Republican negotiators agreed to a biennial spending plan that will institute a flat-rate income tax and included all OSCPA’s budget priorities. Substitute House Bill 96 was passed later that day by both the Ohio House and Senate.

A summary of Ohio’s legislative news for the week ending June 27, 2025.

OSCPA members gathered for the June Town Hall and the 2025–2026 Annual Meeting. The agenda highlighted a new Board of Directors, a look at the annual State of the Society Report and the latest from the Statehouse.

Following a review of the effectiveness of the Private Company Council, the Financial Accounting Foundation issued a report confirming that the PCC should continue to operate, and that its current mission, remit and structure remain valid and appropriate.

The Ohio Society of CPAs’ Nominating Committee has unanimously recommended Angela Lewis, CPA, of Upper Arlington as the 2025-2026 chair-elect candidate of the Board of Directors.

Can you create the life you want even if your origin story isn’t necessarily made up of the stories you love? Absolutely, says Dr. Ashley A. Hicks. She’s going to help attendees learn to do it at the Women, Wealth & Wellness Conference on July 17.

The Ohio Senate on June 11 passed the state operating budget, Substitute House Bill 96, with several OSCPA priorities included.

The deadline is approaching for OSCPA members to give feedback on the U.S. Treasury's plan to eliminate paper checks and adopt a new requirement for electronic payment only.

Interested in representing the Ohio Society of CPAs in an impactful way? House Bill 54 requires the Ohio Department of Transportation to appoint seven individuals to an Advisory Council, and OSCPA has a seat at the table.