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 MoreWith interest rates and inflation both on the rise, tax planning is as important as ever for businesses. We’ve compiled some of the key areas that can help business decision makers and entrepreneurs alike manage cash flow for their enterprise, and stay up to date on prominent changes to tax rules...
Read MoreAt the Investment Company Institute (ICI) 2023 Tax and Accounting Conference held recently in San Antonio, regulatory readiness, the swift pace of the regulatory agenda and exploring investment alternatives were key focal points of the event. Panel after panel touched on regulatory change and the...
Read MoreIf you have recently sold, are looking to sell or even considering an investment in C corporation stock in a small business, you may want to consider your eligibility for the benefits under Internal Revenue Code Section 1202. Section 1202 of the tax code allows taxpayers to exclude some or all...
Read MoreWe have seen several tax law changes over the past few years for high-net-worth individuals. As we close out 2023, one of the top tax planning areas to keep in mind involves the sunsetting of key provisions of the Tax Cuts and Jobs Act (TCJA). While these provisions go away in 2025, there are many...
Read MoreWe were proud to host this year’s Cohen Client Conference in our headquarter city of Cleveland, Ohio, welcoming back our clients and friends in the registered and private funds space. But most importantly it was great to gather and welcome the exchange of ideas and information, showing how we are...
Read MoreThis year our fall CPE conference took on a slightly different shape. We of course had technical-focused educational sessions on topics geared toward private companies, but we also had the opportunity to join our investment industry colleagues and clients for extended networking and some fantastic...
Read MoreSzymkowiak & Associates CPAs and PEAR Consultants, LLC are joining Cohen & Co, one of the top tax and accounting firms in the U.S.
Read MoreThe U.S. Court of Federal Claims recently determined that a U.S. couple living abroad could claim a foreign tax credit against the tax liability imposed by the net investment income (NII) tax. This is a significant decision for taxpayers living outside of the U.S., as it means those with foreign tax...
Read More** This blog was last updated 12/6/23 ** NOTE: As BOI regulations continue to evolve, please see our BOI Reporting Resource Center for the most up-to-date reporting deadline information. Congress passed the Corporate Transparency Act of 2021 (CTA) to enhance transparency and combat illicit...
Read MoreCohen & Co is pleased to announce Nick Antonopoulos, CPA, has joined the firm’s Chicago office as a managing director in the Assurance Practice.
Read MoreWhat does it mean to have your books in order before you sell your company? Everything. When it's time to sell your business, you've likely invested great effort and resources into making it a valuable asset. However, inadequate accounting practices can significantly diminish the perceived value...
Read MoreCohen & Co has been recognized as the “Best ETF Auditor” by the ETF Express U.S. Awards for the third consecutive year.
Read MoreCharitable giving has been a part of our society since ancient times, dating back to when the Egyptians built the pyramids. But it was only in 1954 that the modern tax code caught up and began recognizing public charitable organizations — vehicles bringing critical aid to those in need — as...
Read MoreAsset managers have shown increasing interest in retail funds with private real estate portfolios over the last few years. Many of these funds are registered with the SEC under the Investment Company Act of 1940 as interval or tender offer funds. Placing certain asset classes, like real estate or...
Read MoreOn Thursday, October 19, 2023, the IRS released the process for certain taxpayers who wish to withdraw previously filed ERC claims. This comes on the heels of the IRS announcement last month that they were halting the processing of future claims until at least the end of 2023. If you no longer...
Read MoreIn our current volatile market, there is a greater likelihood that events occurring after the close of foreign markets, but prior to the close of U.S. markets, will impact the valuation of securities. Specifically, funds that invest in international securities could be subject to market timers...
Read MoreMembers of our Digital Assets Group recently attended Permissionless II, one of the largest DeFi events in the industry. We walked away with many great insights, but most importantly, the conference highlighted some key trends and issues that stand to greatly impact the digital assets space. Below...
Read More** This blog was last updated 12/18/23 ** The latest biennial budget bill made significant changes to the Ohio Commercial Activity Tax (CAT) that left many business taxpayers and practitioners in the state waiting for more clarity. On Monday, August 21, 2023, the Ohio Department of Taxation...
Read MoreCreating strategies for both estate and business succession planning is equally important. On the business side, it’s not just about preparing for your retirement but also about preparing for unexpected events. Either way, proper planning identifies which position you want to replace, potential...
Read MoreAs of September 14, 2023, the IRS has stopped processing newly filed Employee Retention Credit (ERC) claims, at least until the end of 2023. This means the IRS will not take action at the present time on any claims filed on or after this date. While they will continue to process previously filed ERC...
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