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October news: Laws, standards and the election

Written on May 1, 2020

By Rebecca Kerr, OSCPA Communications Intern

With Election Day approaching quickly, it’s no surprise that stories discussing OSCPA-endorsed candidates would chart in October’s most read stories.

From the complete list of OSCPA endorsed candidates, to the announcement of the recent requirement for CPAs to report suspected elder abuse, this month was one of change and new insights.

A quick summary of some important takeaways from this month includes:

  • A new law requires specific individuals (including CPAs) who, having reasonable cause to think an older adult is being abused, neglected or exploited – or is in a condition resulting from such treatment – to immediately report the belief to the county department of job and family services.
  • Failure to complete 20 CPE credits by Jan. 1 will result in a fine of $10 for every deficient CPE credit. There’s no requirement regarding CPE type (e.g., AA, Tax) if you have at least 20 hours for the calendar year ending Dec. 31.
  • OSCPA endorsed candidates for the midterm elections include Mike DeWine and Jon Husted, Dave Yost, Keith Faber, Mary DeGenaro and Craig Baldwin.

Here is the full list of October’s Top 10:

10. OSCPA member leads as CFO for $1 billion valued startup

9. Federal tax reform: What you need to know

8. ODT clarifies on NOL deduction; another muni tax deadline looms

7. Muni tax policy day in court is Oct. 17

6. Stop helping cybercriminals steal your info

5. Announcing a new benefit for OSCPA members

4. Complete list of OSCPA endorsed candidates

3. Focus on levy definition home rule in muni tax case

2. Reminder: 20 hour requirement deadline in effect for Ohio CPAs

1. CPAs now required to report suspected elder abuse