Insights

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Oct 2, 2019 | Now is the Time to Invest in Toledo

Qualified Opportunity Zones allow investors to redevelop large portions of Toledo and receive significant tax benefits. It’s time to turn passive gains into an active investment in the Toledo market. The 2017 Tax Cuts and Jobs Act created Qualifie...

Oct 1, 2019 | FLSA Applies to Cannabis Industry Workers

The U.S. Court of Appeals for the Tenth Circuit recently ruled that the Fair Labor Standards Act (“FLSA”) applied to workers in the cannabis industry. This decision that state-licensed marijuana businesses are required to follow federal labor laws co...

Sep 30, 2019 | Are LGBTQ Workers Protected by Title VII’s Ban on Sex Discrimination? The Supreme Court Will Decide This Term

Title VII, which prohibits employment discrimination on the basis of race, color, religion, sex, and national origin, does not contain any explicit protections for sexual orientation, gender identity, or transgender status. This past April, the Supre...

Sep 26, 2019 | Department of Labor Announces Final Rule Increasing the Salary Thresholds for Overtime Exempt Status

On September 24, 2019, the U.S. Department of Labor (“DOL”) announced its final rule regarding changes to the salary thresholds for employee exemptions from the overtime requirements of the Fair Labor Standards Act (“FLSA”). The DOL estimates that th...

Sep 18, 2019 | Illinois Adds New Medical Conditions Under the Compassionate Use of Medical Cannabis Program Act

Under Illinois’ Compassionate Use of Medical Cannabis Program Act [410 ILCS 130] (“Act”), an Illinois resident with a debilitating medical condition may obtain medical cannabis from an Illinois licensed dispensing organization if the person obtains a...

Sep 3, 2019 | What You Need to Know About Florida's Brand New Hemp & CBD Industry

The Florida House of Representatives and Senate unanimously passed into law Senate Bill 1020, which legalizes and creates a regulatory framework for hemp and hemp-derived products, such as cannabidiol (“CBD”). The state’s hemp program will be housed...

Aug 27, 2019 | “Alianna’s Alert”: A Reminder to School Districts About Parent Notification

Through the passing of House Bill 66, “Alianna’s Alert” went into effect on April 5, 2019, with the hope of increasing safety measures for Ohio school children.  “Alianna’s Alert,” prompted by the violent murder of Alianna Defreeze (14 years of age)...

Aug 26, 2019 | Ohio Income Tax Changes Effective for Tax Year 2019

Governor Mike DeWine recently signed into law two bills that include significant Ohio income tax changes for tax year 2019, as reported on returns due April 15, 2020. The major changes are summarized below. Tax Rates: The bottom three income...

Aug 16, 2019 | Are Employers Required to Accommodate Medical Marijuana?

Medical marijuana has finally arrived. Over 53,000 Ohio residents have applied for and received medical marijuana cards. Ohio’s first dispensaries have opened and begun selling marijuana recommended by physicians for the treatment of 21 different med...

Aug 14, 2019 | NLRB Proposes New Election Rules Un-Blocking Charges and Protecting Employee Rights After Voluntary Recognition

On August 9, 2019, the National Labor Relations Board (“NLRB”) announced proposed rules¹ to change three aspects of the Board’s union election procedures: 1) the treatment of unfair labor practice charges filed after a petition for representation is...

Aug 8, 2019 | (Almost) Tax-Free Retirement

By Daniel B. Waters, Attorney The 2020-2021 Ohio Biennial Budget has passed, and one important aspect for businesses is the statutory exclusion of Supplemental Executive Retirement Plans (“SERPs”) from municipal taxation. The new law codifies the...

Aug 5, 2019 | Personal Goodwill and Loss Limitations Under §461(l) of the Tax Code are Likely to be Tested in Future Tax Appeals and Must be Considered in Structuring Business Sales

An important tax code update that business owners in Ohio and across the country should take note of is part of the recent tax reforms concerning personal goodwill and its tax treatment in recent and future business transactions that largely became e...

Jul 31, 2019 | Trusts, Beneficiaries, and the Application of State Income Tax

By Daniel B. Waters, Attorney In North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, Case No. 18-457, 588 U.S. __ (2019), the Supreme Court revived the two-prong test from Quill v. North Dakota, 504 U.S. 298 (1992) a...

Jul 30, 2019 | Ohio Legalizes Hemp and CBD Products – What Does This Mean For You?

Today Ohio joined numerous other states, including Connecticut, Florida, Georgia, Hawaii, Iowa, Nebraska, New Jersey, Oklahoma, Texas and Virginia, by enacting legislation to legalize the cultivation, production and sale of hemp and hemp-derived prod...

Jul 23, 2019 | Updates on Legislation That Affects Florida Community Associations

Only a few bills passed this year that affect community associations. These bills pertain to:     1. fire sprinkler and engineered life safety systems in condominiums,     2. removal of dangerous trees,     3. vegetable gardens, and     4. Assi...

Jul 18, 2019 | Ohio State Budget Update: What You Need To Know

After a 17-day delay, state budget negotiations concluded, and Governor Mike DeWine signed Ohio’s $69 billion two-year state operating budget into law. On June 30, lawmakers passed an interim budget, which ran through July 17, to temporarily fund sta...

Jul 18, 2019 | FY 2020-2021 Ohio Biennial Budget Select Education Provisions

After a 17-day delay, state budget negotiations have concluded, and Governor Mike DeWine signed Ohio’s $69 billion two-year state operating budget into law. On June 30, lawmakers passed an interim budget, which ran through July 17, to temporarily fun...

Jul 1, 2019 | Ohio Budget Update: State Lawmakers Miss Deadline to Pass Ohio’s Budget

For the first time in a decade, Ohio’s legislature failed to meet the June 30 statutory deadline to pass its two-year operating budget and were forced to take the unusual step of suspending the state constitution to pass an interim budget. As a stopg...

Jun 27, 2019 | Congressional Vote to Ensure Protections for State Cannabis Programs

The U.S. House of Representatives voted to approve an amendment to the Fiscal Year 2020 Commerce-Justice-Science spending bill that protects legal cannabis programs in all states, Washington D.C. and U.S. territories, from interference by the U.S. De...

Jun 27, 2019 | Defending Against Ohio Tax Audits and Appealing Ohio Tax Assessments

The Ohio Department of Taxation (“The Department”) investigates and institutes various types of audits to explore potential non-compliance by businesses. Thus, Ohio businesses should be aware that this potential cost and exposure is lurking out there...

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