Tax

Apr 25, 2025, 00:00 AM by Jessica Barboza

The Ohio Department of Taxation (ODT) is reminding all commercial activity tax (CAT) practitioners and taxpayers that the first quarter 2025 CAT return is due May 12, 2025.

Apr 25, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Apr 24, 2025, 10:00 AM by Natalie Rooney

If a CPA hasn’t encountered cryptocurrency on a client’s balance sheet or in a portfolio yet, it’s just a matter of time. Learn more about cryptocurrency and red flags for fraud with Nick Ward, CPA, at the 2025 OSCPA Fraud and Forensic Conference.

Apr 18, 2025, 00:00 AM by Jessica Barboza

A new study reveals that self-employed professionals and solopreneurs are unknowingly leaving thousands of dollars in tax savings on the table due to confusion over S Corporation (S Corp) benefits. Despite the potential for significant tax savings, only 4% of solopreneurs operate as an S Corp, while the majority default to sole proprietorships (69%) or LLCs (26%).

Apr 18, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Apr 17, 2025, 02:00 AM by Natalie Rooney

The April Town Hall features ODT Policy Director Tim Lynch and David Peck, Tax Program Administrator for the Individual and School District Income Tax Division offering a recap of the 2025 tax season and insights into what’s ahead.

Apr 17, 2025, 02:00 AM by Natalie Rooney

Your OSCPA membership might be expiring on April 30! Be sure to renew to maintain your access to the resources, connections and solutions engage, enable and empower you and your team.

Apr 11, 2025, 00:00 AM by Jessica Barboza

The IRS has posted a new set of frequently asked questions on the Employee Retention Credit (ERC) covering how to handle the pandemic-era credit on tax returns under various scenarios.

Apr 11, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Apr 10, 2025, 00:00 AM by Natalie Rooney

As the April 15 income tax filing deadline approaches, the Ohio Depart of Taxation is extending the hours of the personal income and school district income tax phone lines to assist with any last-minute questions.

Apr 4, 2025, 00:00 AM by Natalie Rooney

The AICPA town hall on April 3 highlighted three recent Employee Retention Credit (ERC) FAQs that were released by the IRS on March 20.

Apr 4, 2025, 00:00 AM by Jessica Barboza

The one-time fee for applying for a new vendor's license in Ohio will increase to $50. The change is effective April 9.

Apr 4, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Apr 3, 2025, 00:00 AM by Natalie Rooney

Mark your calendar for the next OSCPA Town Hall on Thursday, April 24 at noon. The event will feature a panel of experts from the Ohio Department of Taxation offering a recap of the tax season and a look at what’s ahead.

Mar 28, 2025, 02:00 AM by Natalie Rooney

Legislators presented sponsor testimony to the House Ways & Means Committee March 26 on HB 30, phasing down over two years the state income tax to a flat rate of 2.75% on nonbusiness income. Business income would remain at its current flat rate of 3%.

Mar 28, 2025, 02:00 AM by Natalie Rooney

ODT's final session of the Personal Income Tax Webinar Series, designed to provide essential filing season tips and reminders to help navigate this tax season with confidence, will be held April 2. ODT also announced extended phone hours.

Mar 28, 2025, 02:00 AM by Natalie Rooney

On March 21, FinCEN issued an Interim Final Rule significantly narrowing the existing beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act.

Mar 28, 2025, 00:00 AM by Jessica Barboza

The IRS is reminding retirees that in most cases those who turned 73 in 2024 must start receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans by April 1.

Mar 28, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Mar 21, 2025, 02:00 AM by Natalie Rooney

Ohio businesses with a taxable year beginning Jan. 1 that want to file their 2025 municipal net profits tax with the Ohio Department of Taxation, must register on or before April 15 on the Ohio Business Gateway.