Latest News:

  • May 17, 2021

    IRS correcting tax returns for unemployment compensation

    The IRS on May 14 announced it will begin issuing refunds to eligible taxpayers who paid taxes on 2020 unemployment compensation that the American Rescue Plan later excluded from taxable income.
  • May 14, 2021

    Week in Review: May 16, 2021

    Attorney General Dave Yost Wednesday rejected the summary language for a proposed constitutional amendment that would allow individuals to sue state and local government entities.
  • May 13, 2021

    OSCPA asks for COVID-related muni tax withholding clarifications

    The Ohio Society of CPAs has both the U.S. and Ohio Constitution on its side, as it continues to make the statement at the Statehouse that employees should not have to pay income tax to cities where they neither live, nor work.
  • May 07, 2021

    Week in Review: May 9, 2021

    The Office of Budget and Management reported a half billion dollar-plus miss on income tax collections in April but said it expects to make that up in May, which now includes the deadline for income tax filing after the pandemic prompted another delay.
  • May 06, 2021

    House Ways & Means discusses muni tax fixes, tax amnesty

    The Ohio House Ways & Means Committee this week added two amendments to a bill addressing issues with municipal net profits taxes.
  • May 06, 2021

    Accountancy Board addresses CPA Exam rule changes

    The Accountancy Board of Ohio last week supported a key rule change recommended by OSCPA that will enable future CPA Exam candidates to begin the exam process sooner.
  • Apr 30, 2021

    Budget hearings: ODT to modernize computer system

    The Ohio Department of Taxation in the coming fiscal year will begin a two-year project to modernize the personal income tax and school district income tax computer system.
  • Apr 30, 2021

    Brown reintroduces mobile workforce bill

    Ohio Senator Sherrod Brown on April 21 reintroduced OSCPA-backed legislation that would ensure that mobile workers do not face unexpected or increased state income tax bills.
  • Apr 30, 2021

    Week in Review: May 2, 2021

    The U.S. Census Bureau Monday said Ohio will be one of seven states to lose a seat in the U.S. House of Representatives, while six states are set to gain seats.
  • Apr 23, 2021

    Congressman Steve Stivers to resign, lead Ohio Chamber of Commerce

    U.S. Rep. Steve Stivers is stepping down from the House to become president and CEO of the Ohio Chamber of Commerce.
  • Apr 23, 2021

    Week in Review: April 25, 2021

    The biennial budget, HB110, passed the House Wednesday after a final round of changes Tuesday in the House Finance Committee.
  • Apr 22, 2021

    Society continues support for withholding fixes

    OSCPA continued to argue this week that employees should not have to pay income tax to cities where they neither live nor work.
  • Apr 22, 2021

    JCARR approves rules impacting CPA candidates

    The Joint Committee on Agency Rule Review this week approved several administrative rules impacting candidates seeking to enter the CPA profession. These rules are slated to go into effect by the end of April.
  • Apr 22, 2021

    House sends budget to Senate with tax cut, school funding overhaul

    The Ohio House on Wednesday voted 70-27 to send House Bill 110, the biennial budget, to the Senate, wrapping in the school funding overhaul plan from House Bill 1 and including a 2% across-the-board income tax cut, which would put more than $300 million back in taxpayers’ pockets.
  • Apr 16, 2021

    Ohio House passes almost $1 billion in federal aid legislation

    Four separate bills passed Thursday in the Ohio House to spend $920 million in federal aid to assist with coronavirus relief efforts.
  • Apr 16, 2021

    Week in Review: April 18, 2021

    The House Finance Committee unveiled its initial version of biennial budget HB110 (Oelslager) Tuesday, wrapping in the school funding plan from HB1 (Callender-Sweeney) and a 2% tax cut across the board.
  • Apr 15, 2021

    Society continues legislative efforts to clean up muni tax issues

    Lawmakers in Columbus this week considered a pair of bills that clarify and update municipal tax laws.
  • Apr 15, 2021

    Budget bill includes 2% income tax cut

    The House Finance Committee on April 13 unveiled its version of Ohio’s biennial budget, wrapping in the school funding plan from House Bill 1 and including a 2% across-the-board income tax cut, which would put more than $300 million back in taxpayers’ pockets.
  • Apr 09, 2021

    Week in Review: April 11, 2021

    Ohio is three quarters of a billion dollars ahead after three quarters of FY21, the Office of Budget and Management said Tuesday in its preliminary revenue report for March.
  • Apr 09, 2021

    Society supports plan to pay off unemployment debt

    The Ohio Society of CPAs this week voiced support for a proposal by Gov. Mike DeWine to use money from the federal American Rescue Plan to pay off Ohio’s pandemic-caused unemployment compensation loan – now at $1.46 billion and growing.