Ohio historic preservation and economic development projects may soon receive a large temporary boost from the Ohio General Assembly. Recently passed by the Ohio Senate and now under consideration in the Ohio House, Ohio Senate Bill 225 would double both the Ohio...
Content By Jon J. Pinney
New Crypto Reporting Requirements Aim to Address Tax Gap
As cryptocurrencies such as Bitcoin rise in popularity, government regulators repeatedly try, and often fail, to control their use as a tax shelter. Agencies such as the IRS struggle with determining the best way to tax cryptocurrency holdings and transactions, and...
The Rise of the Virtual Real Estate Market
As companies like Meta (formerly Facebook), Google, HTC and others make significant strides in the field of virtual reality (VR), science fiction is becoming a little less fiction. The types of virtual experiences popularized by blockbusters including Tron, The Matrix...
Opportunity Zones: Take Advantage of Tax Relief
If you’ve incurred capital gains in 2021, you should be taking a hard look at whether to invest those gains in an Opportunity Zone Fund. With tax reform and a potential increase in the capital gains tax looming, the Opportunity Zone program may offer potential relief...
Potential Changes to Conservation Easement Tax Incentives
Changes are potentially coming to the popular tax deduction for conservation easements with the introduction of The Charitable Conservation Easement Program Integrity Act (“Act”) by Congress by Rep. Mike Thompson (D-CA) and Sens. Steve Daines (R-MT) and Debbie...
Ohio Allocates $500M to New Programs Focused on Real Estate Development
Gov. Mike DeWine signed into law the budget bill which establishes the Ohio’s state budget for the next two years (July 1, 2021-June 20, 2023). The budget creates several new programs and modifies existing programs that could provide significant financial support to...
House Bill 110: Ohio Legislature Passes $74M State Budget
On Monday evening, the Ohio legislature passed House Bill 110 with bipartisan support. The bill makes appropriations for the state fiscal year beginning on July 1, 2021 and ending on June 30, 2023. The two-year, $74 billion state budget includes provisions to support...
Ohio to Receive $11 Billion From American Rescue Plan, Including $541 Million for Cleveland
The American Rescue Plan Act of 2021, passed by the House on Wednesday and signed into law Thursday by President Joe Biden, will bring a flood of much-needed funds into the state of Ohio – and Cleveland, in particular. The $1.9 trillion COVID relief bill allocates...
E-Commerce Manipulation: The Fake Review Problem
An Overview of How Fake Reviews Are Deceiving Consumers and Contributing to Manipulation of Amazon and Other E-Commerce Platforms “A high percentage of the reviews on products you’re looking at are probably fake,” said KJK Managing Partner Jon Pinney when asked by Fox...
It’s time for an economic development summit in Cleveland
This article originally appeared in Smart Business, May 2018. In my last column, I called for a tough conversation about what’s driving our region’s lagging economic performance. Since then, I’ve received an overwhelming response, including hundreds of...