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October 18, 2024 Jeff Chenevey, Kevin Sexton

AI Beyond the Hype: What Does It All Mean?

Artificial Intelligence — are there any two words that evoke more excitement and fear in today’s business environment? Experts predict Artificial Intelligence (AI) will either be the most transformative technology in the history of mankind or will lead to our demise. Ultimately, the reality will lie...

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October 15, 2024 Cynthia Pedersen

Rev. Proc. 2024-28 Safe Harbor Means Year-End Planning for Digital Asset Users

Earlier this summer the IRS issued final regulations on information reporting requirements for digital assets, including determining amount realized and basis allocations. At the same time, the regulatory body also provided safe harbor relief for taxpayers to substantiate their basis allocations...

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October 11, 2024 Nick Antonopoulos

How Your Private Real Estate Fund Can Use Fair Value Reporting to Value Investments

Whether this is your first fund, or this is your first private fund exclusively invested in real estate, your investors will want relevant information when it comes to the fund’s value. However, historical reporting methods, such as accounting principles generally accepted in the United States of...

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October 10, 2024 Peter Gilroy-Scott

IRS Announces Section 1256 Tax Breaks for the Managed Futures Industry

You don’t often hear the phrase “you can never have too much of a good thing” when talking about tax-related announcements. However, recent revenue rulings from the IRS provide a positive outcome to the managed futures industry — and particularly to Commodity Trading Advisors (CTAs) and Commodity...

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October 07, 2024 Jamie Gasiorowski

Valuation and Custodian Considerations for Digital Asset ETFs

This year has been historic for both the digital asset and exchange-traded fund (ETF) communities. In January, the SEC approved 11 spot Bitcoin ETFs, followed by eight spot Ethereum ETFs in July. With extensive experience and expertise in both the registered ETF and digital asset private fund...

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September 25, 2024 Logan Rose

How to Capitalize Your Company’s Internal-Use Software Costs

Businesses continually look for ways to improve their processes and streamline operations, giving them a competitive edge in their industry. Technology plays an important role, with organizations looking to either buy or develop software that can help them achieve critical efficiencies. But how...

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September 25, 2024 Tarik Awad

Tarik Awad Selected for New Class of Leadership Mahoning Valley

Leadership Mahoning Valley has chosen Senior Tax Manager Tarik Awad as one of 43 individuals named to the 2025 class. The immersive leadership program spans a 10-month period focused on professional and personal leadership development. The program includes a series of speakers, tours, hands-on...

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September 19, 2024 Jayne Callahan, Hannah Prengler

New Illinois Qualifying Investment Partnership Rules Offer Opportunity, Added Compliance

On June 7, 2023, Illinois Governor J.B. Pritzker signed into law Senate Bill 1963, significantly changing the state’s qualified investment partnership provisions. Specifically, the law modifies the definition of “investment partnership” and “qualifying investment securities,” expanding the...

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September 17, 2024 Tina Dzik

How to Report Your Direct vs. Indirect Costs Related to Federal Grants

Not-for-profit and for-profit entities receive federal grants in many capacities. If your entity receives any federal dollars, you must understand the applicable requirements, which include understanding allowable costs to be reimbursed under the grant. Track Grant Expenditures...

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September 13, 2024

Cohen & Co Recognized for Hedge Fund Audit Services in 2024 HFM U.S. Service Awards

Cohen & Co has been recognized by With Intelligence as a leading audit service provider for start-up and middle market hedge funds in this year’s HFM U.S. Service Awards — receiving the “Highly Commended” designation in these two categories.

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