Buyers of companies have always performed financial due diligence to confirm the information used to value their acquisitions and to help identify risks, weaknesses and opportunities. However, in recent years, sellers have been increasingly conducting their own financial due diligence prior to...
Read MoreCohen & Co finalized the acquisition of Szymkowiak & Associates CPAs (Szymkowiak) and PEAR Consultants, LLC (PEAR), effective today. As a result of the transaction, Cohen & Co has expanded their services into Western New York for closely held and private equity-owned companies,...
Read MoreWith interest rates and inflation both on the rise, tax planning is as important as ever for businesses. We’ve compiled some of the key areas that can help business decision makers and entrepreneurs alike manage cash flow for their enterprise, and stay up to date on prominent changes to tax...
Read MoreIf you have recently sold, are looking to sell or even considering an investment in C corporation stock in a small business, you may want to consider your eligibility for the benefits under Internal Revenue Code Section 1202. Section 1202 of the tax code allows taxpayers to exclude some or...
Read MorePosted by Joe Webb and Matt Rager
Read MoreThis year our fall CPE conference took on a slightly different shape. We of course had technical-focused educational sessions on topics geared toward private companies, but we also had the opportunity to join our investment industry colleagues and clients for extended networking and some...
Read MoreSzymkowiak & Associates CPAs and PEAR Consultants, LLC are joining Cohen & Co, one of the top tax and accounting firms in the U.S.
Read MoreThe U.S. Court of Federal Claims recently determined that a U.S. couple living abroad could claim a foreign tax credit against the tax liability imposed by the net investment income (NII) tax. This is a significant decision for taxpayers living outside of the U.S., as it means those with foreign...
Read More** This blog was last updated 12/6/23 **NOTE: As BOI regulations continue to evolve, please see our BOI Reporting Resource Center for the most up-to-date reporting deadline information. Congress passed the Corporate Transparency Act of 2021 (CTA) to enhance transparency and combat illicit...
Read MoreWhat does it mean to have your books in order before you sell your company? Everything. When it's time to sell your business, you've likely invested great effort and resources into making it a valuable asset. However, inadequate accounting practices can significantly diminish the...
Read MoreCharitable giving has been a part of our society since ancient times, dating back to when the Egyptians built the pyramids. But it was only in 1954 that the modern tax code caught up and began recognizing public charitable organizations — vehicles bringing critical aid to those in need...
Read MoreOn Thursday, October 19, 2023, the IRS released the process for certain taxpayers who wish to withdraw previously filed ERC claims. This comes on the heels of the IRS announcement last month that they were halting the processing of future claims until at least the end of 2023. If you no...
Read MoreMembers of our Digital Assets Group recently attended Permissionless II, one of the largest DeFi events in the industry. We walked away with many great insights, but most importantly, the conference highlighted some key trends and issues that stand to greatly impact the digital assets space...
Read More** This blog was last updated 12/18/23 ** The latest biennial budget bill made significant changes to the Ohio Commercial Activity Tax (CAT) that left many business taxpayers and practitioners in the state waiting for more clarity. On Monday, August 21, 2023, the Ohio Department of Taxation...
Read MoreCreating strategies for both estate and business succession planning is equally important. On the business side, it’s not just about preparing for your retirement but also about preparing for unexpected events. Either way, proper planning identifies which position you want to replace...
Read MoreAs of September 14, 2023, the IRS has stopped processing newly filed Employee Retention Credit (ERC) claims, at least until the end of 2023. This means the IRS will not take action at the present time on any claims filed on or after this date. While they will continue to process previously filed...
Read MoreIt’s that time of year again — the end of summer, back to school and, yes, the online issue of the AICPA’s Tax Adviser August Tax Clinic! The Tax Clinic is a special section in the journal that analyzes current tax issues and opportunities in the profession. We’ve been...
Read MoreLegislation, court cases and IRS guidance over the past 12 months have directly impacted the tax landscape for S corporations and their shareholders. Jonathan Williamson contributed to a recent AICPA Tax Adviser article, “Current Developments in S Corporations,” in which a host of...
Read MoreOn August 23, 2023, the Securities and Exchange Commission (SEC) adopted new rules and amendments to the Investment Advisers Act of 1940 that will significantly impact both registered and non-registered investment advisers, but specifically advisers of private funds. Below highlights the primary...
Read MoreCohen & Co began in 1977 in Cleveland when Ron Cohen, a young entrepreneur and Youngstown native, decided to branch out on his own and build a firm that could help business owners. As the firm grew, in 1983 the Youngstown office was born, built by other young entrepreneurs who believed in Ron...
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