Tax

Jul 17, 2024, 00:00 AM by Jessica Salerno Shumaker

Last summer, the Ohio Department of Taxation launched Project NextGEN to replace the current systems that administer Ohio’s individual and school district income taxes. The new system is scheduled to go-live on Sept. 5, 2023, and will provide a “banking experience” for taxpayers and tax professionals.

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

Despite lagging tax revenues, investment earnings and underspending helped Ohio end the fiscal year with a $1.1 billion balance.

Jun 21, 2024, 02:00 AM by Natalie Rooney

The Ohio Department of Taxation has proposed several rules for the administration of the adult use cannabis tax.

Jun 21, 2024, 02:00 AM by Natalie Rooney

The Ohio Department of Development (DOD) recently announced the release of the program application for the July 2024 round of the Ohio Opportunity Zones Tax Credit.

May 17, 2024, 02:00 AM by Natalie Rooney

The IRS announced on May 16 tax relief for individuals and businesses in Ohio that were affected by tornadoes that began on March 14, 2024.

May 10, 2024, 02:00 AM by Natalie Rooney

The Ohio Department of Taxation is offering its Ohio Virtual Tax Academy, a free event designed to provide tax-related information to small business owners, attorneys and accountants.

Feb 14, 2024, 15:46 PM by Suzanne McCann-Perry

The Ohio Supreme Court today issued a 5-2 decision in the Schaad v. Alder case, Slip Opinion No. 2024-Ohio-525, effectively denying impacted Ohio taxpayers from seeking a refund of municipal income tax paid to a municipality where they neither work nor live.

May 26, 2023, 11:54 AM by Suzanne McCann-Perry

Senators Sherrod Brown, D-Ohio, and Bill Cassidy, R-Louisiana, are proposing to raise the reporting threshold on transactions from companies such as Airbnb, eBay, Etsy, PayPal and Venmo from $600 to $10,000 to save headaches for small businesses and individuals who work in the gig economy.

May 26, 2023, 11:53 AM by Suzanne McCann-Perry

A number of OSCPA legislative priorities continue to move through the Ohio legislature, including House Bill 105—a measure that would limit notices and late filing penalties under R.C. 718.27.

Dec 11, 2022, 11:00 AM by SEO National

With new and more efficient technologies simplifying the accounting process, tax duties are shifting to a proactive instead of reactive approach with clients.

Dec 2, 2022, 13:53 PM by Jessica Salerno Shumaker

Attend the Summary and Analysis of the Inflation Reduction Act of 2022 on Sept. 26 to learn more.

Aug 11, 2022, 12:28 PM by Sonya Guthrie

Cybersecurity is essential for everyone, but it’s also unique to the individual, said one security expert. “One of the areas of confusion for cybersecurity is that it’s one size fits all,” said Jake Nix, founder & CEO of RISCPoint at the Aug. 4 OSCPA Town Hall. “And realistically, cybersecurity means different things to different organizations.”

Jul 29, 2022, 10:39 AM by Suzanne McCann-Perry

Democrats may be shocked by the last-minute tax deal announced by Sen. Joe Manchin and Majority Leader Chuck Schumer, but it is nevertheless a far cry from the sprawling slate of tax increases they had once hoped to approve.

Jul 29, 2022, 10:35 AM by Suzanne McCann-Perry

OSCPA plans to file an amicus brief on Aug. 15 to support taxpayers in their efforts to obtain 2020 refunds based on the Society's position that taxing persons who neither work nor live in a jurisdiction is unconstitutional.

Mar 20, 2022, 20:50 PM by User Not Found

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

Mar 20, 2022, 20:48 PM by User Not Found

Taxpayers can still speak with a telephone representative if needed.

Feb 4, 2022, 11:00 AM by SEO National

Make plans to use your downtime in the slower months to take online Ohio CPE courses to grow your knowledge. Read on some tips for surviving tax season.

Oct 18, 2021, 15:05 PM by User Not Found

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

Jul 31, 2020, 13:01 PM by User Not Found

It has been a good year in Ohio for CPAs, as some long-sought reforms have come to pass, but there is still work to do to improve Ohio’s business climate.

Jul 31, 2020, 13:01 PM by User Not Found

OSCPA members were interested in a smorgasbord of news in August, as the topics ranged from the emergence of new skills in education to the latest legislative action.