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Learn MoreIn the final installment of our series on leases, we offer lessees insights into the process of transitioning from ASC 840 to ASC 842 — focusing on available transition methods, practical expedients and policy elections. As the January 1, 2022, effective date for calendar year private companies...
Read MoreWe were honored again to host our annual Cohen Client Conference this past week. While the event was virtual, we had several hundred attendees join us online over two days, representing mutual funds, investment advisers, hedge funds, ETFs, digital asset funds and more. This year more than ever,...
Read MoreTraditionally fund managers have avoided most illiquid investments due to their perceived misalignment with the Investment Company Act of 1940. However, in recent years there has been a convergence in asset classes in search of new investment opportunities. With that, we have seen an increased...
Read MoreWhen rules and standards haven’t changed in almost 10 years, there’s certainly going to be much-needed clarification when new ones go into effect. That’s exactly what happened with the Global Investment Performance Standards (GIPS®). The CFA Institute announced in July 2019 the anticipated...
Read MoreAlmost every industry is facing a labor shortage that is restricting businesses’ ability to grow. While employee engagement strategies can help attract and retain key talent, technology to help digitize your close often offers an impactful solution to overcome the labor gap. Finance leaders are...
Read MoreIn the fourth installment of our series on leases, we look at the tax impact of the new standard. Tax law did not change as a result of the new leases standard, and for tax purposes leases will continue to be a true tax or non-tax lease. However, as with most changes to GAAP, there is potential...
Read MoreYou recently sold your company. Your advisers have been paid, you’ve taken a long overdue vacation and the burdens of deal-making are behind you. Then, surprise! The buyer is claiming you have to “give back” a million dollars of the proceeds from the sale because the assets of the company were below...
Read MoreOn September 15, 2021, the House Ways and Means Committee approved tax increase provisions Congress will review as a part of the Build Back Better reconciliation legislation. These changes, if enacted, would require real estate and construction businesses to reset some of their key traditional tax...
Read MoreSales and use taxes are transactional based and impact everyone and every business. Ohio, in particular, imposes sales and use tax on enumerated services, or specific services it deems taxable, rather than all services by default. Historically, Ohio has imposed sales and use tax on employment...
Read 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...
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