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

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

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.

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.

Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker

OSCPA-backed legislation is currently pending before the Ohio Legislature that seeks to address the shrinking population of CPAs and strengthen existing interstate mobility laws.

Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker

The Office of Budget and Management reported Friday that preliminary estimates of November’s revenues show them coming in nearly 3% below estimates. Specifically, the state was nearly $76.9 million or 2.9% below estimates for the month.

Dec 13, 2024, 00:00 AM by Jessica Salerno Shumaker

As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, OSCPA has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the Jan. 1, 2025 deadline

Dec 12, 2024, 00:00 AM by Jessica Salerno Shumaker

After 12 years of exceptional service as President & CEO, Scott Wiley will be stepping down from his role, effective January 13, 2025.

Dec 6, 2024, 00:00 AM by Jessica Salerno Shumaker

The second phase of OH | Tax eServices will allow taxpayers to file more types of returns, including sales/use, public utility and personal property among others.

Dec 6, 2024, 00:00 AM by Jessica Salerno Shumaker

For over a century, the Ohio Society of CPAs has stood as a steadfast advocate for excellence in the CPA profession, empowering thousands of licensees across our great state. We continue that legacy today by addressing our field's most pressing challenges.