I just used JCMA to migrate 3 projects from on-prem to Cloud instance. I have noticed, and UAT testers as well noticed, that the Start Date and Release Date values for Releases are 1 day ahead compared to the on-prem instance.
Example:
Instance Type Release Start Date Release Date
On-Prem 6.0 23/May/16 29/May/17
Cloud 6.0 May 24, 2016 May 30, 2017
Yes, I know the date format is different, however, the difference in actual day should not account for this.
I have verified my personal profile's timezone settings are the same in both instances.