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 MoreCohen & Co’s Milwaukee office began as a natural extension of the firm’s basic tenets — one of which is empowering young leaders to take risks in an environment rich with great relationships, clients and employee talent. It was the perfect recipe for a growth story! As I reflect on the past 10...
Read MoreAs cryptocurrencies, such as Bitcoin and Ethereum, become more prevalent and developed as an asset class, the questions of if and how regulated investment companies (RICs) can gain exposure are becoming more common. In particular, there are a number of tax issues and complexities RICs and their...
Read MoreIn the final installment of our cyber safety series, learn why cybersecurity risks are the biggest threat to your organization today. There is no shortage of risks when it comes to managing your organization — regulatory, macro and micro economic, and any number of competitive risk factors...
Read MoreIn the third installment of our series on leases, we take a different perspective on the topic, focusing on the changes lessors face upon implementation of the new standard. After years of anticipation, we are finally on the doorstep of the adoption of ASC 842, Leases. For most private companies,...
Read MoreThe IRS recently issued corrective amendments to the final Qualified Opportunity Zone (QOZ) regulations. The amendments, effective August 5, 2021, and applicable on or after January 13, 2020, clarify the use of the working capital safe harbor and its interaction with the requirements to be...
Read MoreEarlier this year President Biden and his administration introduced The American Jobs Plan, which focuses on investment in infrastructure, and The Made In America Tax Plan and The American Families Plan, which is informing the Reconciliation Bill process. Much of the focus since the...
Read MoreAs we continue to help businesses make their way through an evolving and often challenging economy and onslaught of legislative changes, our tax team continues to dig deep and analyze major issues and opportunities ahead. As editor and contributors to the AICPA’s Tax Adviser August Tax Clinic, a...
Read MoreMany taxpayers are considering updating their estate plans to get ahead of expected tax law changes that may impact the lifetime exemption for gifting property. Currently those exemptions sit at $11.7 million per person but are scheduled to sunset on December 31, 2025, when they will revert to $5...
Read MoreSince the Employee Retention Credit (ERC) was introduced in March 2020, it has helped many companies keep their teams employed. However, there are several common questions employers have been asking in relation to the credit. In response, the IRS recently issued guidance via Notice 2021-49 and...
Read MoreThis year’s 2021 Virtual Summer CPE Series was another great way for us to reach out and help our private company clients stay on top of important issues for their businesses. We are grateful for everyone who joined us over the past couple of months, giving us the chance to speak and answer...
Read MoreCohen & Co has been highlighted among the nation’s best as part of this year’s Inc. 5000. This is the ninth time — and fifth consecutive year — the firm has made the list. The prestigious Inc. 5000, produced every year since 1982, analyzes company data to recognize the fastest-growing privately...
Read MoreWhen is the last time you took a careful look at the treasury department of your business? How are you saving money and creating efficiencies while managing the lifeblood of your business: your cash? In this installment of our series on treasury and risk management best practices, explore the core...
Read MoreMany nonprofit and commercial organizations have received funding from the federal government in various forms since 2020, from the Paycheck Protection Program (PPP) to the Provider Relief Fund (PRF) to the Shuttered Venue Operators Grant (SVOG). While these funds have been well deserved and well...
Read MoreAs a part of our series aimed at helping you navigate the impact of sales and use tax on your business, periodically we will focus on the impact of these taxes on specific industries, beginning with a high-level look at construction. Construction contractors face many complexities when navigating...
Read MoreIn this installment of our series on leases, we offer insights into ASC 842’s potential impact on your company’s debt covenants and what you should be doing now. Private companies and not-for-profits are by now aware they will have to implement ASC 842, Leases, beginning in 2022. Early adoption...
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 MoreWashington’s tax regime has always been non-traditional in comparison to other states, imposing no individual income tax or business tax for those within its borders. However, even well before Wayfair, Washington had a reputation as one of the most aggressive states pursuing out-of-state businesses,...
Read MoreIn this installment of our cyber safety series, learn how implementing a secure software development process can minimize your risk for software breaches. Exploiting software vulnerabilities is one of the most common causes of cybersecurity breaches. These vulnerabilities are flaws in application...
Read MoreIn this first installment of our series aimed toward helping you navigate the impact of sales and use tax on your business, we start with a fundamental element: understanding the difference between and implications of sales and use tax. Sales and use taxes are transactional based and impact...
Read MoreWhen deciding to enter the mutual fund or exchange-traded fund (ETF) space, one of the first critical decisions you’ll have to make is whether or not to establish your own trust or use an existing one. This significant decision should be carefully thought through, as it will affect many areas...
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