Understanding and applying for forgiveness for Paycheck Protection Program (PPP) loans continue to be a priority, and a challenge, for many loan recipients. Below offers the latest updates and clarifications to help you prepare.1. SBA Releases Simplified Forgiveness Forms for Smaller LoansOn...
Read MoreWith the presidential election only weeks away, many policy issues are being discussed, including taxes. Among their many differences, President Donald Trump and former Vice President Joe Biden have widely divergent tax proposals. Their stances could have a major impact on the amount of taxes you...
Read MoreCohen & Company is proud to announce Kristen deMoulpied, CPA, MBA, has joined the firm as a tax partner. Kristen has nearly 20 years of experience, ranging from serving as director of M&A tax strategy for a $20 billion global power management company, to specializing in corporate and...
Read MoreOn Friday, August 28, the IRS issued long-awaited guidance on the August 8 executive order for “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” The executive order had directed Treasury to defer withholding, deposit and payment of the employee portion of...
Read MorePart I of this blog post offered background on cryptocurrencies, including the different types, how to value them, and how they generally are taxed at the individual level. This post will discuss more specific strategies related to types of taxation, strategies to minimize tax and how to keep...
Read MoreOn July 31, 2020, the IRS and the Department of the Treasury issued proposed regulations under IRC Section 1061 for taxpayers that hold an applicable partnership interest (API) in connection with the performance of services. The rules, commonly known as the carried interest rules enacted as part...
Read MoreWe were excited to offer Cohen & Company’s 2020 Virtual Summer CPE Series over the past several weeks. As we all know by now, it is even more important than ever to stay connected in these challenging times. We were grateful to have so many of our clients and friends attend &mdash...
Read MoreOn August 8, 2020, President Trump signed an executive order for “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster” to provide additional economic relief to American workers. The executive order directs Treasury to defer withholding, deposit and payment of...
Read MoreThe CARES Act, signed into law on March 27, 2020, provides significant economic relief to individuals and businesses impacted by the COVID-19 pandemic. To address businesses’ immediate cash flow needs, the Act revises the net operating loss (NOL) and alternative minimum tax (AMT) rules...
Read MoreToday’s economic and regulatory environment is like no other. However, as businesses face significant challenges, there are also areas of opportunity — if you know where to look. As editor of the AICPA’s Tax Adviser August Tax Clinic, a special section in the professional...
Read More