Jan 17, 2025, 00:00 AM by Jessica Salerno Shumaker

OSCPA CEO & President Laura Hay expressed optimism to the news that Ohio Governor Mike DeWine appointed Lieutenant Governor Jon Husted to the United States Senate.

Jan 17, 2025, 00:00 AM by Jessica Salerno Shumaker

The Internal Revenue Service and the Ohio Department of Taxation both recently announced that the 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of their modernization efforts.

Jan 17, 2025, 00:00 AM by Jessica Salerno Shumaker

Expect slim majorities and government funding to impact politics this year, said one expert from AICPA. 

Jan 16, 2025, 00:00 AM by Jessica Salerno Shumaker

OSCPA will continue to make a difference for the accounting profession with the announcement of its new leadership team.

Jan 16, 2025, 00:00 AM by Jessica Salerno Shumaker

After more than three decades of creating meaningful change in accounting, incoming OSCPA CEO & President Laura Hay, CPA, CAE, is ready to lead Ohio CPAs to meet the challenges of the transforming profession.

Jan 16, 2025, 00:00 AM by Jessica Salerno Shumaker

Transfer Pricing is a crucial yet intricate facet of international taxation, particularly relevant for businesses engaged in cross-border transactions.

Jan 10, 2025, 00:00 AM by Jessica Salerno Shumaker

The Joint Committee on Property Tax Review and Reform on Jan. 2 released its final report after spending the past year studying Ohio’s property tax system over eight hearings and receiving testimony from 60 witnesses, issuing 21 recommendations while acknowledging some proposals may contradict others.

Jan 10, 2025, 00:00 AM by Jessica Salerno Shumaker

This message is a friendly reminder to all commercial activity tax (CAT) practitioners and taxpayers that the fourth quarter 2024 CAT return is due February 10, 2025.

Jan 10, 2025, 00:00 AM by Jessica Salerno Shumaker

December tax collections either lagged or exceeded targets by big margins, depending on whether a transfer related to last year’s expanded sales tax holiday is factored into the totals, but normal revenue streams were generally on target.

Jan 10, 2025, 00:00 AM by Jessica Salerno Shumaker

U.S. Rep. Max Miller, a Rocky River Republican, was appointed to the House Ways and Means Committee’s subcommittees on Oversight, and Work and Welfare

Jan 9, 2025, 00:00 AM by Jessica Salerno Shumaker

Educators, students and families are invited to participate in The Resource Vault: Winter Webinar Series, covering all the possibilities the accounting profession can bring.

Jan 9, 2025, 00:00 AM by Jessica Salerno Shumaker

Firms should be wary of the one-size-fits-all approach when selecting the right technology for the business.

Jan 9, 2025, 00:00 AM by Jessica Salerno Shumaker

Ohio Governor Mike DeWine signed House Bill 238 into law on Jan. 8, which includes OSCPA-backed legislation that will position Ohio as a national leader in addressing the dire CPA shortage.

Jan 9, 2025, 00:00 AM by Jessica Salerno Shumaker

As I write my last CEO letter as President and CEO of The Ohio Society of CPAs, I am filled with a deep sense of gratitude and pride. It has been an incredible journey, and I am honored to have had the opportunity to lead such a dedicated and talented group of professionals.

Jan 9, 2025, 00:00 AM by Jessica Salerno Shumaker

At the end of 2024 members showed interest in OSCPA transition news and BOI updates.

Dec 20, 2024, 00:00 AM by Jessica Salerno Shumaker

Effective Jan. 1, 2025, the annual exclusion amount for business increases from $3 million to $6 million. If your taxable gross receipts are $6 million or less, you will not have to pay the tax.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

While an impressive career of advocating for Ohio CPAs resulted in numerous legislative wins and meaningful reform, for Barb Benton, it all comes down to one thing.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

In observance of the holidays, the OSCPA office will be closed starting 2 p.m. on December 23 and will resume normal business hours on January 2. During this time, regular operations will be paused.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

If signed into law by the Governor, new approaches will be adopted in Ohio that will address the challenges the CPA profession is now facing: the shrinking population of CPAs caused by retirements and too few new licensees, and strengthening existing interstate mobility laws to protect current licensees in the future.

Dec 19, 2024, 00:00 AM by Jessica Salerno Shumaker

In the final OSCPA Town Hall of 2024, the focus was on what’s in store for the financial markets in 2025.