An unlikely cryptocurrency is now worth almost 50 times what it was valued on January 1 of this year. According to the Dogecoin website, the digital currency is “favored by Shiba Inus worldwide.” Clearly, Dogecoin doesn’t take itself too seriously, so why does it have...
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Biden’s Infrastructure Plan Encourages Looser Zoning Rules to Ease Housing Shortage
The Biden Administration is attempting to address a nationwide housing shortage through a “carrot-only” approach to development. Included in the $2.3 trillion infrastructure plan is a roughly $213 billion affordable housing initiative, with a $5 billion grant program...
Bill to Provide Tax Relief for Ohio Properties Harmed by COVID-19 Passes Legislature
Both chambers of the Ohio legislature have passed Senate Bill 57, which aims to provide tax relief for property owners who have been harmed by the COVID-19 pandemic. This bipartisan legislation, which passed in the Ohio House and Senate with unanimous approval, is...
Lingering Unemployment Fraud in Ohio Prompts Request for National Response
The sharp increase in fraudulent unemployment claims is becoming well-known as employers and individuals in Ohio and elsewhere continue to fall victim. However, what may be less known is the rampant amount of fraud being committed within the federal Pandemic...
Ohio Passes Bill To Conform With Recent Federal Tax Law Changes
This week, the Ohio General Assembly passed Senate Bill 18, which conforms Ohio law with certain federal tax provisions under the CARES Act, the Consolidated Appropriations Act of 2020 and the American Rescue Plan Act of 2021. Under this bill, which Governor Dewine is...
The Biden Administration’s 2021 Proposed Tax Policy: How to Prepare
A great degree of uncertainty surrounds proposed tax policy changes expected from the Biden administration. However, during the 2020 campaign, President Biden provided some insights on his tax legislative agenda from which to approach this uncertainty through...
Opting Out: New California Regulations Protect Personal Information
On March 15, 2021, the California Attorney General finalized modified regulations to the California Consumer Protection Act (the “CCPA”) that strengthen consumers’ ability to “opt out” of having their personal data collected, sold, or otherwise used. The California...
American Rescue Plan: Employers Must Provide COBRA Subsidies to Qualifying Employees
The American Rescue Plan, which was signed into law on March 11, 2021, contains significant changes to COBRA. The biggest change is that employers must now provide assistance-eligible individuals with a 100% subsidy for COBRA premiums from April 1, 2021 to Sept. 30,...
IRS Extends Tax Deadline to May 17
The IRS announced Wednesday that it is extending the tax filing deadline for individuals from Apr. 15, 2021, to May 17, 2021. This is an important development for taxpayers due to the many tax law changes that have recently transpired including an exclusion from tax...
Restaurants, Hospitality Businesses Eligible for $28.6 Billion in Federal Grants
A long-awaited and welcome piece of the recent stimulus package is directly pointed at the restaurant and hospitality industries. Billions of dollars in federal grant money will be available to privately owned hospitality businesses through the $1.9 trillion COVID...