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 MoreThe SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 significantly changed the landscape of retirement savings for many individuals. Of the key areas the Act targets to help Americans prepare for retirement, many impact a common savings vehicle: Individual Retirement...
Read MoreThe business and economic climate in which we operate has seen a vast dichotomy of challenges and opportunities over the past year. Rising inflation, accompanied by rising prices to maintain margins; an influx of capital in the private marketplace and consistent M&A activity mark a few of the highs...
Read MoreThe 2021 tax year saw many of the same regulations extended from 2020. However, things are different this year. Regulations governing 2022 will resemble those more in line with pre-pandemic times, as many of the provisions from the CARES Act of 2020 expired at the end of last calendar year. So,...
Read MoreSales and use taxes have been building in importance in the years since economic nexus thresholds were established in South Dakota v. Wayfair, Inc. in 2018 — making it vital for businesses to have a handle on this area of taxation. And there is no better time to assess your sales and use tax...
Read MoreAt this year’s fall Cohen & Co CPE Day, there was a special feeling in the air as our colleagues, peers and friends came together live and in person to learn from our presenters and each other about a variety of issues for their businesses. Below are some of the highlights from the day. 1....
Read MoreOn September 9, 2022, the Commonwealth Court of Pennsylvania granted relief to Online Merchants Guild, a trade association composed of independent e-commerce businesses, for Fulfillment by Amazon (FBA) merchants. The ruling — stating that non-Pennsylvania businesses selling merchandise through...
Read MoreOn November 2, 2022, the SEC proposed significant amendments to the liquidity risk management framework, including proposals to require swing pricing and additional public reporting. The SEC’s intent of the proposed rules is to enhance liquidity within open-end funds, excluding money market funds...
Read MoreAs the ETF industry continues to grow and evolve, it’s important for service providers to continue to innovate, so they can best serve their clients. Camille Clemons recently spoke with Douglas Yones, head of exchange traded products at the New York Stock Exchange, on “The Inside ETFs Podcast.”...
Read MoreMaryland’s 2021 digital advertising tax — the first of its kind in the U.S. — was poised to raise an estimated $250 million annually by taxing corporations like Google and Facebook for selling online ads. However, the tax would apply to corporations of all sizes, with the rate of tax increasing as a...
Read MoreIn today’s world, the ability to obtain clear, relevant and timely information is crucial to making informed decisions. This week, the Securities and Exchange Commission (SEC) continued its push to modernize shareholder reporting for mutual funds and exchange-traded funds (ETFs), also known as...
Read MoreAfter two years of virtual Cohen Client Conference experiences, we were able to reunite in person this year in Nashville, Tennessee, allowing us to learn and connect in an interactive environment that can’t truly be replicated virtually. The group represented registered funds, investment advisers,...
Read MoreOn September 23, 2022, Senate Bill 246 went into effect. Beginning with tax year 2022, Ohio pass-through entities (PTEs) may elect to be taxed at the entity level, allowing them to deduct from their federal income the amount of PTE tax they paid for the year. The measure is meant to allow...
Read MoreAfter spending more than 20 years at this firm, I’ve seen and learned a lot. The leaders that came before me have all impacted me greatly — former CEOs, partners and, of course, our founder. But I also realize the valuable lessons I learn every day from my peers and the generations on their way...
Read 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 MoreThere’s been much talk lately about the clean energy federal tax credits supplied by the Inflation Reduction Act (IRA), particularly regarding bonus and enhanced rates on the renewable electricity production tax credit (PTC) and Investment Tax Credit (ITC). These credits provide competitive...
Read MoreA few impactful business tax provisions, many introduced by the Tax Cuts and Jobs Act (TCJA) of 2017, are on the verge of expiring or just about to take effect — if they haven’t already. Below outlines those provisions and what you should be doing now to prepare. Changes to the Treatment of...
Read MoreOn August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (IRA). With many provisions derived from the previously proposed but not passed Build Back Better Act, the law introduces, modifies, extends, and bolsters numerous clean energy tax incentives available to both...
Read MoreSingle stock ETFs, which have been available in Europe since 2018, have finally made their way across the pond to the U.S. The first single stock ETFs were approved and launched in the United States in July 2022 to allow for leverage or inverse trading of a single stock. These funds typically will...
Read MoreOn August 16, 2022, President Biden signed the Inflation Reduction Act (IRA), which is a scaled back version of the Build Back Better Bill in play last fall. The IRA contains a handful of federal revenue raising provisions — to the tune of more than $700 billion — as well as prescription drug...
Read MoreMuch was happening back in 2016. Some might say it was a rough year, as the world dealt with the Zika virus; learned of the passing of iconic artist, Prince; and watched the Chicago Cubs win their first world series since 1908 (admittedly that was only rough for some of us). And then came FASB’s ASC...
Read More