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 MoreTo help you stay up to date with evolving investment industry regulations, their timing and overall impact, read our recap of the latest developments at the SEC, PCAOB and FASB.
Read MoreOn June 14, 2022, Ohio Governor Mike DeWine signed Senate Bill 246 (S.B. 246) into law, giving businesses in the state potential relief from the federal tax burden created by the Tax Cuts and Jobs Act’s (TCJA) $10,000 cap on state and local tax deductions. Under this new legislation: Ohio...
Read MoreWith gas prices on the rise, one welcome increase for some is the one set to impact the optional standard mileage rate for the final six months of the year. From July 1 through December 31, 2022, the IRS increased the reimbursement rate for business use mileage to 62.5 cents per mile (from 58.5...
Read MoreIn today's business world, it is hard to read an article about sales and marketing strategy without seeing something about the Big Data revolution or analytics. We read about how 2.5 quintillion bytes (that’s 18 zeros) are produced daily, Google conducts 2.4 million searches every minute and 330...
Read MoreCohen & Co is pleased to announce its move to 1001 Woodward Ave. in the heart of downtown Detroit. The new office space overlooks Campus Martius Park and is located at the corner of Woodward Avenue and Michigan Avenue, one of America’s most iconic roadways.
Read MoreOn May 6, the New York Senate enacted Bill S8948, giving eligible S corporations and partnerships more time to evaluate and elect the state’s pass-through entity tax for 2022. The new amendment allows entities that missed the March 15, 2022, deadline until September 15, 2022, to make their 2022...
Read MoreCohen & Co congratulates Kim Palmer and Hannah Prengler on their recent, prestigious American Institute of CPAs (AICPA) appointments.
Read More“Golden parachute payments” are an often-scrutinized mechanism that provides a monetary bonus to executives and key employees should the company be acquired. Think of it as a protection policy of sorts for highly compensated employees who may have an uncertain future if the company is sold during...
Read MoreThere’s no shortage of events focused on mergers and acquisitions, but the premier event this year was ACG Intergrowth® 2022. After a busy week at the Las Vegas conference, it was clear the M&A market is alive and well. Nearly 600 private equity professionals and more than 400 investment bankers...
Read MoreWith the April 18th tax deadline just behind us, it’s timely to note that filing a return is not the end of the story for taxpayers who have “their number” called for an IRS examination. While in recent years there has been a severe staffing shortage at the IRS, followed by the perceived notion...
Read MoreAfter recently attending the 2022 ICI Conference in Palm Desert, we walked away with a definite sense of priorities for the industry. From rule making and implementation to cybersecurity and climate, it’s clear our evolving industry has much to sort through, and look forward to, in the near future....
Read MoreHow an entity’s financial statements are presented is often governed by bank documents or investor agreements, leaving owners of real estate firms without much of a choice in the matter. However, in some instances, you may have a choice between using income tax basis or GAAP to present your...
Read MoreProperly classifying workers as employees or independent contractors has always been a recurring tax issue for many business owners, but it’s likely even more important in our current environment. With a tight labor market forcing many businesses to use independent contractors to address staffing...
Read MoreCryptocurrency mining refers to the process of participating in a consensus mechanism that includes Proof of Work components. Generally, this is done to collect mining rewards from the network. In other words, cryptocurrency mining is the process of contributing computing power to the network in...
Read MoreAt 16, you can drive a car. At 18, you can vote and serve in the military. And at 21, you can order a drink in a bar. But when is the right time to create an estate plan? When should you create the basic documents that will help you and your family make important decisions in the face of an...
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 MoreThe help of the trusted business adviser has never been more in demand than it is today. From sorting through the multitude of government financial incentives (think: paycheck protection program, employee retention tax credits and a host of others) and complying with government health mandates, to...
Read MoreIt’s natural for families to help each other out, sharing their good fortune with those they love. So, what if a child or grandchild wants to purchase a home or car and needs some help? Should you gift them the money, or is a loan the better option? There may be business, personal or financial...
Read MoreNot all businesses are required to adhere to an internal control framework, but organizations of all types can certainly benefit from implementing better controls. Every significant process within your organization has the potential for things to go wrong, meaning there is risk just about...
Read MoreCohen & Co has been named the best tax and audit provider by Hedgeweek in their 2022 US Digital Assets Awards. The inaugural awards ceremony recognized excellence among fund managers and service providers in the digital assets space. “It’s humbling to be recognized in the digital asset space by...
Read More