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Jul 27, 2023
Ohio will have a sales tax holiday from Friday, August 4, 2023, at 12 a.m. to Sunday, August 6, 2023, at 11:59 p.m.
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Jul 27, 2023
The IRS will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees.
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Jul 14, 2023
On June 30, the Ohio House by a bipartisan vote of 67-30 and the Ohio Senate on a party-line vote of 25-6 adopted their agreed-upon conference committee changes to House Bill 33, Ohio’s biennial budget legislation for fiscal years 2024-2025.
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Jul 14, 2023
According to the Office of Budget and Management, the state of Ohio ended FY23 on June 30 with tax revenues totaling $994.2 million or 3.6% above estimates for the year.
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Jun 30, 2023
OSCPA on Tuesday testified in front of the Ohio House Ways & Means Committee in support of House Bill 200, which would permit Ohioans who are currently subject to double taxation to get back to a status quo position.
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Jun 29, 2023
The popularity of hybrid work schedules means employers and individual taxpayers alike continue to ask questions on what it means for municipal income tax.
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Jun 23, 2023
The Ohio Society of CPAs on Tuesday testified in front of the Ohio House Ways & Means Committee in support of House Bill 199, which would eliminate the marriage tax penalty.
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Jun 11, 2023
Incomes taxes generated more than $200 million above expected collections in May, bearing out the Office of Budget and Management’s explanation last month that an April miss of about $120 million was mostly a matter of timing.
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Jun 08, 2023
A Written Information Security Plan is required by the FTC's Safeguards Rule of the Gramm-Leach-Bliley Act whereby financial institutions, including tax preparers, must develop, implement and maintain a comprehensive security plan to protect customer and client information.
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Jun 07, 2023
The amendments give companies temporary relief from accounting for deferred taxes arising from the Organization for Economic Co-operation and Development’s (OECD) international tax reform.
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May 26, 2023
Senators Sherrod Brown, D-Ohio, and Bill Cassidy, R-Louisiana, are proposing to raise the reporting threshold on transactions from companies such as Airbnb, eBay, Etsy, PayPal and Venmo from $600 to $10,000 to save headaches for small businesses and individuals who work in the gig economy.
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May 18, 2023
BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act in 2021, which mandates that BOI information is reported to the Financial Crimes Enforcement Network.
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May 12, 2023
Beginning May 17, 2023, the IRS will no longer support the use of existing IRS usernames to access e-Services. If you do not have an ID.me account, you must create a new account to access this service.
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May 12, 2023
According to preliminary figures released by the Office of Budget and Management, April revenues came in $178.1 million or 6% below estimates. However, for the year-to-date, revenues exceed estimates by $626.6 million or 2.7%
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May 05, 2023
OSCPA continued its advocacy for members at the Ohio Statehouse by offering proponent testimony Tuesday on House Bill 138, a bill that classifies certain pass-through entity payments as business income.
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May 05, 2023
This September, the Ohio Department of Taxation (ODT) will launch a new system to manage Ohio's individual and school district income taxes.
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May 05, 2023
Ohioans who adopt a child are now eligible for a one-time financial grant to help defray costs associated with the adoption process.
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Apr 28, 2023
The Ohio House on Wednesday passed House Bill 33, Ohio’s massive biennial budget legislation for fiscal years 2024-2025) by a wide margin, officially sending the bill to the Senate where hearings have already begun.
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Apr 28, 2023
OSCPA testified in support of House Bill 121 on Tuesday, a bill that allows businesses with remote and hybrid employees or owners to use a modified apportionment formula if they choose to make the election.
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Dec 11, 2022
With new and more efficient technologies simplifying the accounting process, tax duties are shifting to a proactive instead of reactive approach with clients.