Student loan payments will resume soon. Here’s what you should do now

Come this fall, borrowers will again have to make room in their lives and budgets for monthly student loan payments. It’s been a good run. The U.S. Department of Education first gave borrowers the option of pausing their bills without interest accruing in March 2020. (Most federal student loan borrowers accepted that offer.) Many borrowers [...]

Student loan payments will resume soon. Here’s what you should do now2021-06-21T14:28:20-04:00

Governor To Lift Most Health Restrictions

In a move that will surely benefit the restaurant, hospitality and entertainment industries, Ohio Governor Mike DeWine has announced that most COVID health restrictions, including social distancing, capacity restrictions and the mask mandate, will be lifted as of June 2. The exception will be for nursing homes and assisted living facilities. The Ohio Restaurant Association (ORA) almost immediately [...]

Governor To Lift Most Health Restrictions2021-06-07T18:08:49-04:00

House passes OSCPA-supported muni tax bills

The Ohio House on May 26 approved two OSCPA-supported bills that would make needed adjustments to municipal tax collection. The first – House Bill 157 – would address employer withholding changes made in response to the pandemic. The bill allows employers to continue (but does not require) withholding municipal income taxes based on where the employer is located through the end of 2021 but beginning in 2022 the normal [...]

House passes OSCPA-supported muni tax bills2021-05-28T11:55:49-04:00

AICPA & CIMA Issue New Nonauthoritative Guidance for Auditing Digital Assets

AICPA & CIMA issued nonauthoritative guidance for auditing digital assets such as cryptoassets in the areas of risk assessment, processes and controls, laws and regulations, and related parties. The guidance was added to the free practice aid Accounting for and Auditing of Digital Assets. The AICPA created the practice aid in December 2019 with nonauthoritative guidance on [...]

AICPA & CIMA Issue New Nonauthoritative Guidance for Auditing Digital Assets2021-05-28T11:47:55-04:00

The IRS extended the federal tax deadline. Here’s when state returns are due

The tax season might be a little more complicated for filers in certain states. The recent move by the IRS to extend the filing season to May 17 from April 15 only applies to federal income tax returns. That deadline doesn’t always align with due dates for state income taxes. Most states have followed the IRS [...]

The IRS extended the federal tax deadline. Here’s when state returns are due2021-04-05T12:45:07-04:00

Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues

The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act is largely related to the extension and enhancement of the popular Paycheck Protection Program. The significant majority of this section of the act does not have a direct tax effect. However, because the PPP does provide for the exclusion from income of forgiven PPP [...]

Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues2021-02-08T22:19:38-05:00

President Signs Year-End Agreement on Pandemic Relief, Stimulus, and Extenders

Late in the day on December 20, 2020, leaders in Congress announced that they had reached an agreement on a new round of relief for the ongoing COVID-19 pandemic and economic stimulus. The Consolidated Appropriations Act, 2021 finally took shape after several days of negotiations between the Democrats and GOP on Capitol Hill. The passage [...]

President Signs Year-End Agreement on Pandemic Relief, Stimulus, and Extenders2021-02-08T22:13:51-05:00

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