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May 10, 2024
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.
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May 10, 2024
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.
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May 10, 2024
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.
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May 10, 2024
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.
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May 10, 2024
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.
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May 10, 2024
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.
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May 10, 2024
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.
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May 09, 2024
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.
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May 03, 2024
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.
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May 03, 2024
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.
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May 03, 2024
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.
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May 03, 2024
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.
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May 03, 2024
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.
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May 02, 2024
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.
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Apr 26, 2024
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.
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Apr 26, 2024
The Department of Labor (DOL) has issued its final rule altering the overtime regulations under the Fair Labor Standards Act.
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Apr 26, 2024
The House Republican Caucus voted 63-0 on April 24 to appoint primary election winner New Franklin Councilman Jack Daniels to replace former Rep. Bob Young in the 32nd House District.
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Apr 26, 2024
Auditor of State Keith Faber issued a warning to state and local government employees about reviewing requests to redirect payments from public accounts, saying that at least 23 government offices in Ohio have been affected by such scam attacks in the past 12 months.
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Apr 19, 2024
The Ohio Department of Taxation (ODT) this week explained why some taxpayers may have received 2023 non-payment notices prior to April 15.
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Apr 19, 2024
The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the number of people having to cut a check to the government has been rising. Some tax vets wonder what a decline in refunds will mean for tax compliance.