Latest News:

  • May 01, 2020

    Pennsylvania adopts nexus standard

    In Corporation Tax Bulletin 2019-04, issued Sept. 30, the Pennsylvania Department of Revenue announced it is adopting an economic nexus standard for corporate net income tax purposes for tax years beginning on or after Jan. 1.
  • May 01, 2020

    House updates BID exemptions, adds back lawyers, lobbyists

    Lawyers and lobbyists are close to once again being eligible in 2020 to collect the small business deduction after the Ohio House on Oct. 10 approved a budget cleanup measure.
  • May 01, 2020

    ABO notes: New officers announced

    The ABO announced its incoming officers who would be assuming their roles in December, including Maggie Gilmore, CPA, CGMA, MT, as chair, Kenya Watts, CPA, as vice chair, and Jim Redmond, CPA, as secretary.
  • May 01, 2020

    DeWine considering changes to BID eligibility

    The Ohio Senate on Oct. 23 voted nearly unanimously to concur with House amendments to tax omnibus bill SB26, which allows lobbyists and attorneys to apply for the business income tax deduction.
  • May 01, 2020

    House passes tax code corrections bill

    The Ohio House on Oct. 30 unanimously passed an OSCPA-supported bill to correct errors in the Ohio tax code.
  • May 01, 2020

    Veteran CPA, current Society staffer Roberts named to audit committee

    OSCPA Senior Technical Reviewer Glenn Roberts, CPA, CGMA, this week was appointed to the State Audit Committee.
  • May 01, 2020

    PODCAST: Government relations 101 for CPAs

    You might not think often about what goes on at the Ohio Statehouse every day and how it impacts the accounting profession, but The Ohio Society of CPAs government relations team does.
  • May 01, 2020

    40 Ohio CPAs attend annual OSCPA legislative leadership event

    OSCPA on Nov. 13 held its fifth-annual Legislative Leadership in Action day. This is an invitation-only event for young CPAs who are interested in learning how to help advance the profession and the state of business in Ohio.
  • May 01, 2020

    OSCPA files arguments for centralized collection

    Ohio’s archaic municipal net profits tax system costs businesses more to comply than cities make in revenue, OSCPA said in two amicus briefs filed this past week with the state Supreme Court.
  • May 01, 2020

    Reminder: Next muni tax deadline is Dec. 1

    Ohio businesses with a taxable year that begins on Oct. 1 that want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Dec. 1.
  • May 01, 2020

    OSCPA-led group works to limit lawsuit exposure

    The House on Nov. 19 unanimously passed HB251 (Lang-Hillyer), which shortens the statute of limitations of actions on written and oral contracts to six years and four years, respectively.
  • May 01, 2020

    ABO takes up 150-hour requirement, other issues

    OSCPA represents the profession at every ABO meeting and shares the most recent information in our Professional Standards and Responsibilities programs.
  • May 01, 2020

    Ohio bill makes commonsense change to become a CPA

    Ohio CPA candidates could choose to sit for the CPA exam after the completion of a bachelor’s degree or its 120-hour equivalent – as already permitted in 37 states – under an OSCPA-supported bill introduced this week in the Ohio House.
  • May 01, 2020

    Society speaks in favor of eliminating marriage tax penalty

    OSCPA SALT Committee member Stephen Palmer, CPA, this week testified in favor of a bill that would permit married taxpayers filing jointly to claim a credit that would reduce their tax liability to no more than what they would owe filing separately.
  • May 01, 2020

    ODT seeks tax rule comments by Jan. 2

    The Ohio Department of Taxation on Dec. 19 announced it is seeking comments on proposed changes to the Financial Institutions Tax rules. That was followed a day later by a request for comments on rule changes for the Commercial Activity Tax.
  • May 01, 2020

    Hearings likely on CPA exam bill

    Hearings on House Bill 442 are expected to begin in the New Year after the bill last week was referred to the Ohio House Commerce and Labor Committee.
  • May 01, 2020

    $30M available for farmers via H2Ohio

    Ohio farmers next month will be able to tap $30 million in funding being made available to reduce agricultural phosphorus runoff and prevent algal blooms in Lake Erie, under a plan announced this week.
  • May 01, 2020

    Bill addresses PTE withholding rates

    OSCPA member and State Rep. Gary Scherer, CPA, R-Circleville, this week introduced a bill that would adjust withholding rates applied to pass-through entities (PTEs), such as partnerships and S-corporations.
  • May 01, 2020

    Reminder: Next muni tax deadline is Feb. 1

    Ohio businesses with a taxable year that begins on Dec. 1 that want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Feb. 1.
  • May 01, 2020

    Governor signs reciprocity bill for military members, spouses

    Gov. Mike DeWine on Jan. 27 signed a bill that eliminates certain employment barriers for military families stationed in Ohio.