Visit our page dedicated to providing resources that will help you better understand Beneficial Ownership Information (BOI) requirements and how you can most efficiently comply.
Learn 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...
Read MoreAcquiring a business means going through the process of revaluing the acquired assets and liabilities at the acquisition date fair value. And if you acquired deferred revenue as part of the acquisition, that too must go through this revaluation process. But often that reevaluation results in a...
Read MoreOn March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is intended to provide sweeping relief from the economic and other repercussions of the ongoing COVID-19 pandemic. In addition to funding for testing, contact tracing, vaccinations,...
Read MoreWhen there is a significant shift in business operations due to a crisis — whether a health pandemic or natural disaster — deliberate leadership is critical not only to survival but also to drive positive outcomes when the crisis abates. Business leaders should address three key areas — cash...
Read More