Ohio CPAs learn latest economic predictions, plans for revitalizing business growth at member's Summit.
The Members Summit offered insight into Ohio's economic growth and the prospects for attracting new business to the state--topics of keen interest to CPAs who are keeping a close watch on the current economic slowdown.
More than 500 CPAs converged to participate in the one-day event that included keynote addresses from two dynamic speakers and a full schedule of continuing education for members in corporate industry and public accounting.
The Honorable Kevin DeWine (R-Fairborn), Speaker Pro Tempore of the Ohio House of Representatives, gave the keynote for the event, outlining the state's plans to improve Ohio's economy, in part by decreasing state spending by $2 billion in an effort to keep more money in the pockets of Ohio's residents.
DeWine emphasized the Ohio General Assembly is focused on making Ohio a more viable state in which to do business by revitalizing Ohio's economy through tax and regulatory reform as well as fiscal discipline.
He lauded the role The Ohio Society and its members have played in recent tax reform and other legislative efforts.
"The legislators rely heavily on your professional expertise to guide us as we fine-tune legislation. Your support and advocacy is invaluable in this process," he noted.
DeWine was followed by Kenneth T. Mayland, Ph.D., president of ClearView Economics, LLC, who was named by Business Week as the most accurate economic forecaster in 2006.
Mayland gave an optimistic prognosis for the national economy, stating that it should begin to regain momentum in the second half of the year and remain healthy into 2008.
"Ohio and the rest of the industrial Midwest are still lagging behind the rest of the country in growth," Mayland observed. "In particular, the auto and housing industries may continue to feel some pressure, while retail has been gaining steady ground."
Overall, Mayland painted a positive picture for the economy over the next 12 months, predicting that the current slowdown will soon turn the corner and begin to trend upwards.
After the Annual meeting, the Members Summit continued with a full afternoon of CPE sessions. More than 20 courses were arranged in seven different tracts and covered a wide variety of hot topics, including updates on Ohio and federal taxes, the new risk assessment standards, an overview of Windows Vista[TM], and tips on creating a high performance organization.
"The Federal Tax Update was especially good--the speaker had a lot of energy and solid information." --Sye Cunnigham, Parms & Co. Cohonbus
"I come to the Members Summit every year, I love it. I catch up with people I know from the Women's Forum and the Cohanbus CPE Day while getting some easy CPE." said Kerri L. Sahli, CPA. Schindler & Adams CPAs, Columbus.
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|Publication:||Catalyst (Dublin, Ohio)|
|Date:||Jul 1, 2007|
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