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 MoreWe launched Cohen & Co’s 2023 Summer CPE Webinar Series with a discussion on sales and use tax, an area that is top of mind for many of our clients these days. It’s at the forefront of conversations as states increasingly turn to sales tax as a more significant revenue source — seeing state sales...
Read MoreThe Employee Retention Credit (ERC) introduced in March 2020 was a key tool in helping employers keep their teams intact while the worst of the COVID-19 pandemic played out. While the ERC ended on September 30, 2021, eligible employers can still amend their payroll tax returns to take advantage of...
Read MoreA Real Estate Investment Trust (REIT) is a vehicle designed to give everyday investors the opportunity to access professionally managed real estate properties, without the hassle. Similar to a mutual fund, a REIT is a pooled investment fund, but it invests in various real property such as...
Read MoreGovernor Mike DeWine signed Amended Substitute House Bill 33 (HB 33) into law earlier this month. The bill includes numerous pro-taxpayer changes, detailed below, for both Ohio businesses and their owners. Operating appropriations of the bill took effect July 4, 2023, while remaining provisions,...
Read MoreAs an audit committee member, it is crucial to understand your role in ensuring the quality and reliability of your fund's financial reporting. The Public Company Accounting Oversight Board (PCAOB) has provided a new staff Spotlight, offering a comprehensive list of questions for audit committee...
Read MoreSince March 2022, the Federal Reserve has raised interest rates by more than 500 basis points, and the future of those rates is uncertain at best — making it difficult for commercial real estate businesses to plan for future projects. In addition, Fitch Ratings has estimated that around 23% of...
Read MoreSince being thrust into the public eye roughly six years ago, digital assets and their owners have struggled with being viewed, by some, as illegitimate — or at the very least, risky. From digital native techies wearing hoodies and coding in entirely new languages to the asset class as a whole being...
Read MoreThere is a lot of capital to be deployed in the middle market right now, and a lot of buyers out there ready to leverage it. So, the panel we recently moderated at the Smart Business Dealmakers Conference in Cleveland, Ohio, was the perfect opportunity to hear from business owners who have...
Read MoreOn May 9, 2023, the Maryland Supreme Court reversed a circuit court’s October 2022 decision on the Maryland Digital Advertising Services Tax — reinstating it, for the time being, for businesses selling online ads. So, what does this mean for taxpayers? Below we take a brief look at the Court’s...
Read MoreWhile most energy tax credits benefit taxpayers who own energy efficient improvements, certain credits are reserved for those who construct these improvements — such as real estate developers. Section 45L is one of those special credits that developers can use to their advantage. Thanks to the...
Read MoreOn May 31, the IRS published Notice 2023-44, further defining which projects qualify for the enhanced Section 48C tax credits under the Inflation Reduction Act (IRA). Section 48C offers $10 billion in credits for investments in new, expanded or re-equipped manufacturing facilities producing certain...
Read MoreA few weeks ago, our team attended the DealMAX conference, as we do every year around this time. This conference is the largest annual meeting of M&A market participants in the U.S. Close to 3,000 attendees — investors, investment bankers, deal attorneys and accountants — make this annual...
Read MoreIn October 2022, the SEC adopted new rule and form amendments that, in part, required mutual fund and exchange-traded fund (ETF) managers to provide investors with a Tailored Shareholder Report (TSR). The goal is to provide a more concise and digestible format to retail investors, specific to share...
Read MoreCommercial building owners and tenants have been entitled to deductions under Section 179D since 2006. While the deduction has served as an incentive to make commercial buildings energy efficient, it may not have been impactful enough to sway decisions on improvements that move the needle. Under...
Read MoreI recently participated in an ACA webinar created for ICI Investment Management Conference attendees on the regulatory, financial, operational and distribution requirements of exchange-traded funds (ETFs). Alongside Joseph Higgins and Steve Feinour, we covered: The ETF ecosystem Differences...
Read MoreHistorically, energy projects have often produced more tax credits than sponsors have the ability to use. This has required sponsors to undergo a significant effort to syndicate the credits, which generally means finding investors with the right tax appetite that will invest in a project in exchange...
Read MoreRecently, Cohen & Co participated in an ETF Bootcamp event for the investment industry, “Building a Successful ETF Business.” Our panel discussion covered many topics, ranging from reasons to enter the ETF business, including tax benefits of the ETF structure, distribution accessibility, intraday...
Read MoreOn December 27, 2022, Ohio Governor Mike DeWine signed HB 223 into law, expanding the ability of vendors to deduct sales tax for bad debts. The bill impacts businesses, such as retail stores, that offer store-branded credit cards and applies to debt charged off as uncollectible on or after July 1,...
Read MoreEveryone loves a “Cinderella Story” that begins with a scrappy team of tech-savvy founders and evolves into the next Apple or Google. But that doesn’t happen overnight. A successful technology business starts with a great idea, passion and an entrepreneurial spirit, but ultimately takes planning and...
Read MoreUnder the Inflation Reduction Act of 2022 (IRA), energy projects that meet certain criteria are eligible to receive enhanced tax credit rates under IRC Sections 30C, 45, 45L, 45Q, 45U, 45V, 45Y, 45Z, 48, 48C and 48E. The potential benefits to a project are significant, as the enhanced rates are five...
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