If you’re one of many companies due to file their beneficial ownership information (BOI) reports by January 1, 2025, you might be wondering, “When do I really need to start this process?” Similar to other regulatory reporting requirements, it’s always best start data...
Read MoreThe beneficial ownership information reporting obligations under the federal Corporate Transparency Act require a reporting company to provide certain information about their organization and each beneficial owner and applicant. If you’re the reporting company, you must provide full...
Read MoreOn March 29, 2024, the IRS released Private Letter Ruling 202413004, providing its first piece of guidance regarding whether a REIT may receive income from electric vehicle (EV) charging stations at its rental properties without detrimentally impacting its REIT status. With the proliferation of...
Read MoreOne of the most dreaded replies coming from a professional services provider is, “it depends.” Unfortunately, that’s truly the case when the issue involves the most optimal tax structure for your transaction. This is because, like most things in life, there are many variables...
Read MoreWe are pleased to announce several exciting leadership updates, effective at the beginning of the firm’s new fiscal year on June 1. Cohen & Company welcomes a new partner class of seven: Kelly Anzevino, Ryan Boylan, Dave Gonano, Lisa Long, Jeffrey McMichael, Jonathan Williamson...
Read MoreAs the critical Wayfair decision from 2018 continues to unfold in terms of its implications, sales and use tax audits have skyrocketed as states look to recapture critical revenues. If your business is selected for a sales and use tax audit, understanding the process will help you minimize any...
Read MoreOn May 10, 2024, Tennessee Governor Bill Lee signed into law Senate Bill No. 2103, significantly changing the Tennessee franchise tax computation. Specifically, SB 2103 eliminates the Tennessee property measure, Schedule G, of the franchise tax effective for tax years ending on or after January 1...
Read MoreA constantly changing tax landscape — from the Marketplace Fairness Act and various uniformity projects, to Wayfair and the digital economy — continues to alter the course of business as usual when it comes to staying compliant with state and local taxes. The current environment has...
Read MorePosted by Matt Rager and Kristin Spengler Whether or not there is an immediate need to file for bankruptcy, it is important to understand the possibilities when it comes to protecting your assets and understanding your options. You can protect your assets prior to filing, or, if at a point...
Read MoreOne of the most difficult discussions between an audit firm and a client’s management team is often whether or not substantial doubt exists about the entity’s ability to be a “going concern.” In other words, will the company continue operating/meeting its obligations...
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