Ohio floats plan to recruit more CPAs
Accounting Today
NOVEMBER 6, 2023
The Ohio Society of CPAs is working on an action plan to attract more young people to the accounting profession.
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CPA Practice
NOVEMBER 10, 2023
With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. However, there has been a slight pickup of pre-CPAs, which has been encouraging. What are the top three objectives for the upcoming year?
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The Growth Architect: How Financial Leaders are Unlocking Potential
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
TaxConnex
DECEMBER 12, 2023
In an appeal involving the listed owner of an Ohio cleaning company and the responsible party for tax assessments, for instance, the state Board of Tax Appeals affirmed that the listed owner was indeed the responsible party of the business.
Accounting Today
MAY 21, 2024
The IRS is postponing tax and filing deadlines for storm victims.
TaxConnex
MARCH 11, 2021
In Ohio , a bank’s purchases of banking software and services did not qualify for an exemption from Ohio sales and use taxes because, as state statute degreed, software and services were not exempt services. The taxpayer in question operated banks and used banking software for its online banking system.
PYMNTS
NOVEMBER 26, 2018
Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. I do see [bitcoin] as a legitimate form of currency,” Mandel said, noting that he hopes other states will follow Ohio’s lead.
TaxConnex
DECEMBER 10, 2020
In another case, Ohio AG Dave Yost is trying to crack down on online retailers of beer and wine with a recent injunction in federal court this week. He is trying to prevent several online retailers from bypassing the state’s licensed retailers and avoiding Ohio alcohol taxes.
Going Concern
AUGUST 28, 2023
On Thursday, August 24, 42-year-old Melissa Dunham was found dead in her Stark County, Ohio home along with her husband Jason, 46, and their three children Renee Dunham, 15, Amber Dunham, 12, and Evan Dunham, 9. Uniontown police called it a “domestic dispute that turned deadly” and are investigating the deaths as a murder-suicide.
Patriot Software
OCTOBER 14, 2022
If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Form W-2 reporting requirement in Ohio […] READ MORE.
PYMNTS
JANUARY 3, 2019
3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. Ohio is the first U.S. We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help usher in an era of trust through technology for our nation’s essential financial systems.”.
TaxConnex
JUNE 9, 2022
Ohio has determined that a taxpayer’s purchase of equipment used in hydraulic fracturing was not exempt from Ohio sales and use tax as the equipment was not used directly in the production of crude oil and natural gas.
PYMNTS
JULY 30, 2020
The Ohio State University Department of Athletics is allowing football season ticket holders to receive a reimbursement for impacted game tickets or get a credit to use for a ticket purchase going forward through an “opt-out” option, according to a statement.
Anders CPA
APRIL 9, 2024
Ohio House Bill 33 has resulted in favorable changes to the Ohio Commercial Activity Tax (CAT), which began on January 1, 2024, that bring big impacts to businesses, retailers and service providers operating in the state. What is the Ohio Commercial Activity Tax?
TaxConnex
SEPTEMBER 7, 2021
Origin based states Major origin-based states include Texas, Pennsylvania, Ohio, Virginia and California. In most other situations, following the destination-based sourcing rules for interstate commerce is a safe bet. Most states and Washington, D.C., are destination-based requiring you to apply sales tax at the location of the customer.
MyIRSRelief
MAY 24, 2023
Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.
TaxConnex
JANUARY 16, 2024
This includes whether you’re selling to a business or a consumer (as in Iowa, Maryland and Ohio), unique state sales tax rates (Connecticut), home-rule jurisdictions (Colorado and Illinois), partial exemptions (Texas), to name a few. SaaS incurs sales tax in roughly half the states. Many nuances affect sales tax and SaaS in various states.
TaxConnex
JUNE 11, 2024
In states like Nebraska , Ohio and Washington , among others, you can register using the Streamlined Sales Tax Registration System (SSTRS). And note that many software and service providers who claim to manage sales tax for you don’t help with registrations, except for an extra cost.
PYMNTS
JUNE 15, 2020
CLEANLIFE and D & S are both in Cleveland, Ohio. However, amid the coronavirus pandemic, it has harnessed its international contacts to get PPE for the healthcare space. D&S, on the other hand, has offered equipment, service and parts for vending as of 1965.
CPA Practice
AUGUST 26, 2024
It might be time for me to move to Ohio. And I’d save money on takeout if I lived there: While Ohio sales tax generally applies to food sold for consumption in a restaurant, takeout food is sales tax exempt. But let’s stick with Ohio for now. It’s home to world-class medical facilities and the Rock & Roll Hall of Fame.
Accounting Today
JUNE 12, 2024
The Internal Revenue Service has determined that the Feb. 3, 2023, derailment qualifies as "an event of a catastrophic nature."
TaxConnex
JULY 9, 2024
Commercial activity taxes in Ohio and Nevada are also often missed. Especially if you handle your compliance in house, you may have also paid local taxes to a state. States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees.
TaxConnex
MARCH 22, 2022
Colorado, Mississippi, Nevada, Ohio and Louisiana are among states offering a discount for prompt payment; Arizona gives a better discount for e-filers; Florida and South Carolina offer both. Utah discounts local taxes as well as state. Most tax jurisdictions mandate?on-time?filing?and and full payment of tax due,?among
TaxConnex
MARCH 3, 2022
Two states took action last year regarding easing sales tax on specific services: Ohio repealed the state sales tax on employment services; and Texas Gov. has no uniform sales tax on digital items, though periodically there are attempts to firm up guidelines – just as there are periodically attempts by states to tax services.).
TaxConnex
JANUARY 11, 2022
When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required). Shipping is not taxed in Nevada, but handling is.
TaxConnex
JULY 21, 2022
Major ones include Texas, Pennsylvania, Ohio, Virginia and California. Variations can exist based on what you’re selling, in most situations, following the destination-based sourcing rules for interstate commerce is a safe bet. We said “most”: Some states are origin -based.
TaxConnex
MAY 17, 2022
Major origin-based states include Texas, Pennsylvania, Ohio, Virginia and California. Though destination rules can vary, following destination-based sourcing rules for interstate commerce is a safe bet (though you might have to consider numerous tax jurisdictions and their impact on your sales tax obligations).
MyIRSRelief
MAY 24, 2023
Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.
Accounting Today
JANUARY 9, 2023
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CPA Practice
NOVEMBER 6, 2023
The accounting talent shortage in Ohio is at a critical point and, requires a bold, all-hands-on-deck approach to resolve, according to The Ohio Society of CPAs (OSCPA). We are positioning accountants and CPAs as Ohio’s most trusted business advisers.
RogerRossmeisl
APRIL 28, 2024
The least expensive one-bedroom locations were Wichita, Kansas ($690); Akron, Ohio ($760); Shreveport, Louisiana ($770); Lincoln, Nebraska ($840) and Oklahoma City ($860). Becoming a landlord and renting out a residence comes with financial risks and rewards.
CPA Practice
FEBRUARY 7, 2024
Cuyahoga County (Ohio) Common Pleas Court Judge David Matia on Tuesday sentenced James Farley, 59, to spend 30 days in the county jail for the collision that killed Samantha Nelson. An Ohio Department of Transportation vehicle’s dashboard camera captured the two vehicles as they sped by moments before the crash.
TaxConnex
JUNE 8, 2021
Ohio ’s sales tax collections were 23% over predictions recently. Many states are finding that online sales have diffused previous dire predictions about how the pandemic would hammer tax revenues. South Carolina sales tax collections are 10% greater than predicted this budget year. Kentucky saw sales tax receipts in April hit $486.5
CPA Practice
APRIL 9, 2024
with Maryland and Virginia) West Virginia (with Kentucky, Maryland, Ohio, Pennsylvania, and Virginia) Wisconsin (with Illinois, Indiana, Kentucky, and Michigan) Paying payroll taxes can be a daunting task for business owners, but with expert advice and guidance from their CPAs, it becomes more manageable. and West Virginia) Washington, D.C.
Withum
MARCH 2, 2024
In 2022, the National Small Business Association, an Ohio non-profit corporation, sued the US Treasury Department alleging the mandatory disclosure requirements exceed Congress’ authority under Article I of the Constitution and violate the First, Fourth, Fifth, Ninth, and Tenth Amendments.
TaxConnex
MAY 23, 2023
Almost half the states have stopped sales tax on diapers, but these baby products still, despite frequent efforts at repeal, incur sales tax in Maine, Ohio, Michigan, New Mexico, Nebraska, Washington and Nevada. Connecticut, South Carolina, Ohio and Virginia exempt some protective clothing. Take diapers.
TaxConnex
JANUARY 26, 2021
Massachusetts joins such states as Minnesota , Ohio , Pennsylvania and Michigan with accelerated tax payment programs. Why now in the Bay State? The FY21 budget modernizes the timeline for sales tax remittance and collection, which has not been significantly updated in decades,” the office of Gov.
TaxConnex
NOVEMBER 5, 2020
Certain transaction taxes occur that are not passed through on the customer invoice and are often not filed automatically - for example, the Ohio Commercial Activity Tax and certain business and occupations taxes. Questions arise in the business that require the taxpayer to research these items on their own.
MyIRSRelief
JULY 3, 2023
Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.
TaxConnex
DECEMBER 23, 2021
Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests.
TaxConnex
NOVEMBER 11, 2021
Ohio has eliminated its sales and use tax on employment services and employment placement services effective on Oct. Left unclear was the reg’s effective date and whether the state will seek to apply it retroactively.
TaxConnex
APRIL 19, 2022
Ohio tried accepting crypto for taxes four years ago but soon abandoned the idea. NFTs are still treated like stocks, incurring capital gains tax – for the time being, anyway. The IRS may eventually classify them as “collectibles,” which would incur a different tax.
Accounting Today
JULY 19, 2024
Vermont, North Carolina, New Jersey and Ohio provide standout examples this summer. You need to be on your toes if you work in sales tax, as states are known to make substantial sales tax policy changes with little to no notice.
PYMNTS
AUGUST 7, 2020
Levy, 50, of Bedford, Ohio; and Abdul-Azeem Levy, 22, of Cleveland, Ohio. 46, of Cleveland, Ohio; and Bern Benoit, 44, of Burbank, California. Augustin, 51, of Coral Springs, Florida; Wyleia Nashon Williams, 44, of Fort Lauderdale, Florida; James R.
BuildYourFirm
JULY 13, 2020
He has served his profession within the ranks of the American Institute of Certified Public Accountants, including testifying before the Securities and Exchanges Commission on its behalf, and Ohio Society of CPAs. Master of Accountancy, The Ohio State University B.S. Hillel at Kent State, and the Cleveland Jewish News, to name a few.
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