With more and more people consuming content digitally, Georgia is now one of the many states taking advantage of taxable revenue opportunities in this space. Georgia Senate Bill 56, signed on May 2, 2023, requires digital products, goods, services and codes downloaded in Georgia to be subject to...
Read MoreWe launched Cohen & Co’s 2023 Summer CPE Webinar Series with a discussion on sales and use tax, an area that is top of mind for many of our clients these days. It’s at the forefront of conversations as states increasingly turn to sales tax as a more significant revenue source...
Read MoreThe Employee Retention Credit (ERC) introduced in March 2020 was a key tool in helping employers keep their teams intact while the worst of the COVID-19 pandemic played out. While the ERC ended on September 30, 2021, eligible employers can still amend their payroll tax returns to take advantage...
Read MoreA Real Estate Investment Trust (REIT) is a vehicle designed to give everyday investors the opportunity to access professionally managed real estate properties, without the hassle. Similar to a mutual fund, a REIT is a pooled investment fund, but it invests in various real property such as...
Read MoreGovernor Mike DeWine signed Amended Substitute House Bill 33 (HB 33) into law earlier this month. The bill includes numerous pro-taxpayer changes, detailed below, for both Ohio businesses and their owners. Operating appropriations of the bill took effect July 4, 2023, while remaining provisions...
Read MoreThere is a lot of capital to be deployed in the middle market right now, and a lot of buyers out there ready to leverage it. So, the panel we recently moderated at the Smart Business Dealmakers Conference in Cleveland, Ohio, was the perfect opportunity to hear from business owners who have...
Read MoreOn May 9, 2023, the Maryland Supreme Court reversed a circuit court’s October 2022 decision on the Maryland Digital Advertising Services Tax — reinstating it, for the time being, for businesses selling online ads. So, what does this mean for taxpayers? Below we take a brief...
Read MoreOn May 31, the IRS published Notice 2023-44, further defining which projects qualify for the enhanced Section 48C tax credits under the Inflation Reduction Act (IRA). Section 48C offers $10 billion in credits for investments in new, expanded or re-equipped manufacturing facilities producing...
Read MoreA few weeks ago, our team attended the DealMAX conference, as we do every year around this time. This conference is the largest annual meeting of M&A market participants in the U.S. Close to 3,000 attendees — investors, investment bankers, deal attorneys and accountants — make...
Read MoreCommercial building owners and tenants have been entitled to deductions under Section 179D since 2006. While the deduction has served as an incentive to make commercial buildings energy efficient, it may not have been impactful enough to sway decisions on improvements that move the needle. ...
Read MoreHistorically, energy projects have often produced more tax credits than sponsors have the ability to use. This has required sponsors to undergo a significant effort to syndicate the credits, which generally means finding investors with the right tax appetite that will invest in a project in...
Read MoreEveryone loves a “Cinderella Story” that begins with a scrappy team of tech-savvy founders and evolves into the next Apple or Google. But that doesn’t happen overnight. A successful technology business starts with a great idea, passion and an entrepreneurial spirit, but...
Read MoreUnder the Inflation Reduction Act of 2022 (IRA), energy projects that meet certain criteria are eligible to receive enhanced tax credit rates under IRC Sections 30C, 45, 45L, 45Q, 45U, 45V, 45Y, 45Z, 48, 48C and 48E. The potential benefits to a project are significant, as the enhanced rates are...
Read MoreThe Inflation Reduction Act (IRA) of 2022 created an increased or “bonus” credit rate for certain solar and wind facilities placed in service in connection with low-income communities under Section 48(e). Bonus credit amounts significantly increase the tax incentives of qualified...
Read MoreDuring boom times, M&A activity can be one of the most challenging strategies for organizations to successfully execute, often with high rates of failures. In a challenging environment, say, of rising inflation and interest rates, that challenge becomes even greater. And while pre-deal...
Read MoreSelling a business can be an exciting time, but there are numerous hurdles to overcome well in advance of the finish line to ensure a smooth transaction and to enhance the ultimate market price of the business. A successful sale does not occur overnight, and careful planning and preparation will...
Read MoreThe Inflation Reduction Act reinstated Section 48C, which offers $10 billion in tax credits for qualified investments in new, expanded or re-equipped manufacturing facilities that produce certain emissions-reducing technologies. Recently, the IRS provided initial guidance via Notice 2023-18 on...
Read MoreWhat can we do to help employees engage in an increasingly virtual world? This is a question I’m sometimes asked, and often ask myself — particularly over the past few years as our work environment has gone from essentially 100% in the office, to 100% home office, to now a...
Read MoreWhile there are many ways to sell your company, one lesser-known but worthy option is to sell to an Employee Stock Ownership Plan, or ESOP. An ESOP, which is a qualified defined contribution plan set up as a trust, allows a company’s employees to buy portions of the company by acquiring...
Read MoreAs a business owner, your personal wealth is likely concentrated in the equity ownership of your company — meaning your financial security is largely dictated by the company’s performance and continued success. This exposes you to a large amount of risk should any unfavorable events...
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