Centralized collection, information security and best firms highlight a busy year

Written on Dec 21, 2017

OSCPA staff report

We’ve come a long way together in 2017, with major developments in career management, legislation and regulation. So, before we begin 2018, let’s take a moment to look back at the year’s most-read OSCPA news stories on those topics.

Career management

3 Ohio firms among best to work for – Three Ohio firms earned national recognition this week through their inclusion in the Accounting Today “2017 Best Accounting Firms to Work For” list.

Avoid these 8 entrepreneurial time wasters – Being unorganized, procrastinating and multitasking are among these time bandits.

How one firm embraced a dress for your day policy – Although some companies are still using antiquated dress code policies, the employees at Gilmore Jasion Mahler, LTD, have nothing to complain about when it comes to their work attire.

Accounting student doesn’t let age stifle her ambition – For Ohio University student Abbigail McMillen, graduating school early with 150 hours is just the beginning of her exciting career plans.

Teaching as a second career: is it for you? – Retiring from the profession doesn’t mean accounting must disappear from your life completely. Here’s advice educators had to share about what it’s like to teach.

Legislation

Centralized collection a signature away from reality – Gov. John Kasich signing Ohio’s biennial budget bill enacted legislation that CPAs have said includes several necessary steps to improve the state’s business environment.

Jury out on tax reform bill; late arrival could impact CPAs – Most of the proposed changes will impact tax year 2018 and beyond, but tax planning for 2017 also will be impacted by whatever ultimately becomes law.

CPAs seek details as HB 5 goes into action – Lawmaker actions continue to impact provisions of HB 5.

Ohio budget contains OSCPA backed biz friendly tax reforms – Am. Sub. House Bill 49 marked a victory for Ohio CPAs and the thousands of businesses you serve.

Ohio preps for centralized collection as cities mull lawsuit – The Ohio Department of Taxation moved forward with plans to offer optional centralized collection of municipal net profits taxes even as some cities are considered about challenging the plan in court.

Regulatory/IRS (ACA/tax update)

IRS adding W2 verification code – Form W-2s in 2017 include a 16-digit verification code.

New email scam targeting firms – The Ohio Department of Taxation and the IRS each issued warnings about a new two-stage email scheme targeting tax professionals nationwide.

OSCPA leads effort to limit ODT audits – After members raised concerns about audits being conducted by the ODT, OSCPA reached out to officials and legislators for relief.

Small ACA changes expected by April, major ones in 2019 – Any major overhaul to the Affordable Care Act isn’t likely to affect consumers until 2019.

Court decision puts PTIN fees in question – A federal district court enjoined the IRS from charging a user fee for the issuance and renewal of preparer tax identification numbers.

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