The One Big Beautiful Bill Act (OBBBA) will have widespread impact for almost every taxpayer. Visit our OBBBA Resource Center regularly for continuing updates and guidance on the tax impact of this legislation to you and your industry.
Learn MoreOperational resilience speaks to an organization’s ability to continue operations and meet customer needs during times of stress and uncertainty (think natural disaster or data breach). Entities with strong operational resilience can quickly adapt so they can continue providing services without...
Read MoreDespite the ongoing COVID-19 pandemic, the deal market, in many aspects, is on fire — with soaring multiples, a higher than normal volume of deals in play and private equity buyers taking a front seat. However, the pandemic has impacted transactions in critical ways, from valuations to deal timing...
Read MoreOver the course of the last three-plus years there have been a number of significant economic assistance and tax legislation bills passed: Tax Cuts & Jobs Act (TCJA), CARES Act, Consolidated Appropriations Act and, most recently, the American Rescue Plan Act (ARP). There are more changes likely...
Read MoreThe pace and intricacies of regulatory change in the investment industry are, at times, nothing short of overwhelming. Yet, organizations in this space need to have a clear understanding of evolving regulations, their timing and overall impact. To help you stay up to date, below is Cohen & Co’s...
Read MoreIn an effort to enhance accessibility to COVID-19 vaccinations for all Americans, the Biden Administration has clarified an important point about paid leave related to COVID and the American Rescue Plan Act of 2021 (ARP). Employers with fewer than 500 employees can claim refundable tax credits on...
Read MoreIt’s hard to believe it’s been a year since terms like quarantine, social distancing and remote working became part of our normal vocabulary. We’ve been through a lot in 12 months, and our organizations have become stronger, while at the same time, in some cases, have paid a steep toll. Looking...
Read MoreWith the recent signing of the Senate Bill 18 (SB 18), or the Ohio Conformity Bill, the state has made some noteworthy changes for taxpayers. 1. State Individual Extension Conformity Ohio has postponed the filing deadline for state tax returns to May 17, 2021, following the federal...
Read MoreModifications made to the expanded Employee Retention Credit (ERC) were designed to allow more businesses paying employees while experiencing pandemic-related hardships to benefit. While the credit is extended through December 31, 2021, now is the time to focus on claiming your Q1 2021 ERC, which...
Read MoreThis blog was updated 3/31/21 Over the course of the COVID-19 pandemic the federal government has implemented various programs to help business owners keep their doors open. Below highlights where four critical sources of funding — Paycheck Protection Program, Economic Injury Disaster Loan...
Read MoreThe Consolidated Appropriations Act contains various COVID-19 economic relief measures. The law includes provisions that extend previous relief provided to large banks on the accounting rules related to credit loss as well as troubled debt restructuring (TDR) until January 1, 2022. Previous FASB...
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