Ohio Governor Mike DeWine has unveiled his Executive Budget for Fiscal Years 2022 to 2023, which proposes spending $1 billion through the Investing in Ohio Initiative in new programs aimed at sparking the state’s pandemic recovery. The one-time expenditure calls for...
Due to the COVID-19 pandemic, Ohio’s estimated state budget will have a $2 billion shortfall for the current fiscal year, according to House Majority Floor Leader Bill Seitz. Representative Seitz suggested dipping into Ohio’s $2.7 billion rainy-day fund and scaling...
Recent headlines have ignited a renewed conversation about Cleveland’s competitiveness when it comes to being an attractive place to do business. It’s hard to forget the sting of our city not even making the shortlist of finalists last year for the bidding process of...
The second half of September brought announcements of new programs and funding strategies aimed at growing Ohio companies, in addition to a Supreme Court decision that impacts hiring practices of companies who do business in the City of Cleveland. New Ohio Technology...
Following a 17-day delay, Governor Mike DeWine signed Ohio’s $69B biennium budget on Wednesday. The budget includes tax cuts, as well as an increased focus on education, public health and water quality programs. KJK will be providing a more in-depth analysis...
By Kaitlin Corkran & Stephanie Mercado On April 17, 2019, the IRS released the second round of proposed regulations for the Opportunity Zone tax incentive program (the OZ Program). This highly anticipated release built on the guidance issued in October 2018 and...
By Stephanie Mercado The Ohio Department of Taxation recently released a report outlining 134 tax credits, deductions and exemptions available to Ohio taxpayers. Of note, Ohio’s Job Creation Tax Credit now covers work-from-home employees. The Tax Expenditure Report...
This Sunday night, millions of fans (including myself) will tune in to watch the much-anticipated premiere of the 8th and final season of the worldwide television phenomenon Game of Thrones on HBO. Fans of the show have had to wait almost two years since the finale of...
Over the past few weeks, I have received several calls from accountants knee-deep in corporate tax returns. All of the inquiries are the same: “Where can I find a master development plan approved prior to Dec. 22, 2017?” These inquiries are all related to changes in...