• IRS announces tax relief for taxpayers impacted by tornadoes in Ohio; various deadlines postponed to Sept. 3, 2024

    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.
    Full story
  • ABO exec provides licensing board status to Ohio Senate

    May 17, 2024, 02:00 AM by Natalie Rooney
    Accountancy Board of Ohio Executive Director Donna Oklok gave testimony May 8 on HB 238, occupational licensing sunset legislation, at a hearing before the Senate Government Oversight Committee.
    Full story
  • GR team hosts guest speakers during Advance sessions

    May 17, 2024, 02:00 AM by Natalie Rooney
    The Ohio Society of CPAs government relations (GR) team recently hosted three different guest speakers during the live portion of the four Advance sessions.
    Full story
  • Week in Review: May 19, 2024

    May 17, 2024, 02:00 AM by Natalie Rooney
    Attorney General Dave Yost says Ohio will share in settlements totaling $10.25 million with the country's three largest wireless carriers to resolve an investigation into deceptive and misleading advertising.
    Full story
  • FTC bans noncompete agreements

    May 10, 2024, 02:00 AM by Natalie Rooney
    The Federal Trade Commission (FTC) issued its final rule on April 23 banning virtually all noncompete agreements covering workers in the United States. Absent a successful court challenge, the rule will go into effect Sept. 4, 2024.
    Full story
  • OSCPA signs onto letter urging DOL to delay implementation of new overtime final rule

    May 10, 2024, 02:00 AM by Natalie Rooney
    On May 9, the Partnership to Protect Workplace Opportunity, of which OSCPA is a member, sent a letter to the Department of Labor urging them to delay until at least Sept. 1, 2024, the first increase to the minimum salary threshold under the DOL’s new overtime final rule.
    Full story
  • GR team hosts guest speakers during Advance sessions

    May 10, 2024, 02:00 AM by Natalie Rooney
    The Ohio Society of CPAs government relations team has already hosted three guest speakers during the live portion of the Advance sessions, with one more still on tap for May 14.
    Full story
  • April tax revenues miss by $224 million, taking FY24 shortfall to $446 million

    May 10, 2024, 02:00 AM by Natalie Rooney
    Higher than expected refund totals drove a $154.8 million shortfall in income tax collections compared to estimates for April, making up the bulk of an overall $224.4 million or 8.4% miss in tax revenues versus forecasts, according to preliminary data from the Office of Budget and Management.
    Full story
  • ODT Ohio Virtual Tax Academy offered May 15 & 16

    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.
    Full story
  • POLITICOS ON THE MOVE: May 12, 2024

    May 10, 2024, 02:00 AM by Natalie Rooney
    New state Rep. Jodi Whitted (D-Madeira) was sworn in May 8 on the floor of the Ohio House chamber. Whitted was appointed to serve the final eight months of the term vacated by former state Rep. Jessica Miranda, who resigned from the House to become Hamilton County auditor.
    Full story
  • WEEK IN REVIEW: May 12, 2024

    May 10, 2024, 02:00 AM by Natalie Rooney
    The Controlling Board Monday approved the Ohio Department of Development's (DOD) request to release $154.4 million in American Rescue Plan Act (ARPA) funding for the Appalachian Community Grant Program.
    Full story
  • OSCPA launches Disaster Relief Resource Center

    May 9, 2024, 02:00 AM by Natalie Rooney
    In the wake of the devastating tornadoes and other extreme weather events affecting Ohio in recent months, OSCPA has launched a webpage with disaster relief resources to help you and those you serve navigate unexpected events.
    Full story
  • State CPA Societies seek to join Ohio in possible alternatives to 150-hour licensure requirement

    May 3, 2024, 00:00 AM by Natalie Rooney
    Around the country at the state and national levels, discussions continue to take place about potential licensure improvements that will achieve the collective goal of increasing the number of licensed CPAs entering the accounting profession and increasing the number of experienced CPAs who stay in the accounting profession.
    Full story
  • Property Tax Review Committee meets on back-to-back weeks

    May 3, 2024, 00:00 AM by Natalie Rooney
    As the Joint Committee on Property Tax Review and Reform looks at potential solutions to rising property taxes around the state, one witness told the committee on April 24 that decoupling property taxes from the Fair School Funding Plan "may have very bad consequences," a notion backed by Ohio school officials.
    Full story
  • Accountancy Board meeting addresses “CPA Retired” status, CPE reporting concerns

    May 3, 2024, 00:00 AM by Natalie Rooney
    The Accountancy Board of Ohio (ABO), the state government entity charged with licensing, regulating, and when necessary, disciplining CPAs, can significantly affect the practice of all CPAs. That is why OSCPA represents the profession at every ABO meeting and advocates for best-practice rulemaking. This meeting included a variety of topics.
    Full story
  • Politicos on the Move: May 5, 2024

    May 3, 2024, 00:00 AM by Natalie Rooney
    Last week in House session, the Democrats selected Rep. Dani Isaacsohn (D-Cincinnati) as their new minority whip, following the departure of Rep. Jessica Miranda to become Hamilton County auditor in the wake of former Rep. Brigid Kelly’s death.
    Full story
  • Week in Review: May 5, 2024

    May 3, 2024, 00:00 AM by Natalie Rooney
    Gov. Mike DeWine and Ohio Department of Development Director Lydia Mihalik Wednesday announced the awarding of more than $154 million in grants to fund economic development projects in Ohio's Appalachian region as they made stops in McArthur and Chillicothe.
    Full story
  • OSCPA asks legislators to support bills designating accounting as STEM field

    May 2, 2024, 00:00 AM by Natalie Rooney
    OSCPA reached out directly last week to Ohio’s 15 members of the U.S. House of Representatives and two U.S. senators to ask them to support legislation that incorporates accounting education into the STEM curricula for K-12 students. This effort is part of OSCPA’s broader goal of increasing the pipeline of future Ohio CPAs.
    Full story
  • Senate Select Committee on Housing releases report findings, recommendations

    Apr 26, 2024, 00:00 AM by Natalie Rooney
    After 35 hours of listening to testimony from more than 200 witnesses across Ohio, the Senate Select Committee on Housing announced April 24 its findings and provided 23 recommendations the General Assembly should look at to fix the current housing crisis in Ohio.
    Full story
  • DOL issues final rule on overtime regulations

    Apr 26, 2024, 00:00 AM by Natalie Rooney
    The Department of Labor (DOL) has issued its final rule altering the overtime regulations under the Fair Labor Standards Act.
    Full story