Biennial Budget Bill Update | Business Podcast | Ohio CPA | Rea CPA

episode 86: demystifying legislative jargon & leveraging the ohio society of cpas

Greg Saul | Ohio Legislative | Business Podcast
Greg Saul joins Dave Cain on this episode of unsuitable on Rea Radio to discuss legislative issues business throughout Ohio should be aware of. Listen Now!

There’s a lot of political rhetoric being thrown around these days, especially with regard to legislative issues. In this episode of unsuitable on Rea Radio, we will cut through the jargon and explain what business owners can expect from the state of Ohio, as well as from the federal government, in the coming months.

Our guest, Greg Saul, is director of tax policy with the Ohio Society of CPAs. On this episode, Greg highlights the most important legislative concerns the business community will be grappling with over the next few months and what the Ohio Society is doing to advocate for Ohio’s business community.

Business Owners: Pay Attention to the State Budget

Largely due to income tax revenue falling short of projections, the Ohio government will likely need to cut $800 million to $1 billion in spending when they complete the state biennial budget bill (HB49) at the end of June 2017.

This bill will impact every industry in Ohio, but it will likely hit health care the hardest because health care spending makes up about half of the biennial budget.

This episode is critical for business owners because it offers a preview of significant changes that will soon impact your business and teaches you:

  • How to leverage the OSCPA as a business resource.
  • How the OSCPA advocates for business interests in the state legislative, executive, and judicial branches, as well as at the federal level.
  • How Ohio businesses can guide the OSCPA’s main issues and lobbying priorities.

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Like what you heard? Check out recent posts about this topic to learn more.


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‘More, More, More’ Is Not Always Better – The AICPA has proposed new auditing standards in the hopes of solving the wide-spread shortcomings associated with employee benefit plan audits. Read on to find out what’s on the table.

OMB Gives Non-Federal Entities One Last Chance To Comply With New Procurement Guidelines – Earlier this year we reported that time was running out for non-federal entities to review their policies and procedures to make sure they were in line with the new procurement guidelines. But once again, the Office of Management and Budget (OMB) stepped in to allow another one-year grace period for implementing the new procurement standards.

The Future Of Overtime Compensation – Congress passed a bill that could change the way employers compensate their employees for overtime, learn more about the Working Families Flexibility Act of 2017.

Education Is The Enemy Of Cybercrime – Cybersecurity isn’t going away. In fact, it’s getting worse. Find out how Ohio Auditor of State Dave Yost is helping local businesses and government entities combat cybercrime.

official transcript

Click here to read the official transcript for episode 86, “demystifying legislative jargon & leveraging the ohio society of cpas.”