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.

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.

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.

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.

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.

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.

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.

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.

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.

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.