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Learn MoreThe COVID-19 pandemic continues to wreak havoc on a number of industries, as we began discussing in our June blog. Presented below is updated data on the 10 industries hardest hit from COVID-19 through August, sorted by overall increase in filings. Number of Chapter 11 Filings...
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 certain payroll...
Read MoreThe new revenue recognition standard codified in FASB Accounting Standards Codification (ASC) 606 resulted in a number of changes for privately owned software and SaaS companies when it became effective on January 1, 2019. Now that many companies have completed their December 31, 2019, financial...
Read MoreNearly eight in 10 executives agree with the following statement: "If we could harness all of our data, we would be a much stronger business." Business intelligence can help companies do just that, significantly improving their data and reporting capabilities, and ultimately their bottom...
Read MoreEagerly anticipated by the private fund industry, on July 31, 2020, the IRS and Department of Treasury released the carried interest proposed regulations under IRC Section 1061. The proposed regulations supplement the legislation enacted under the Tax Cuts & Jobs Act (TCJA) of 2017, impacting...
Read MoreValuation plays a critical role in real estate, from appraisals for residential mortgages to the sales of commercial real estate. But the COVID-19 crisis and resulting economic uncertainty pose some challenges for valuation experts across the country. 1. Stay-at-Home Orders Impact on Physical...
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 your...
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 of...
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 — whether from their...
Read MoreCohen & Company has once again been highlighted among the nation’s best as part of this year’s Inc. 5000. This is the eighth time – and fourth consecutive year – the firm has made the list. The prestigious Inc. 5000, produced every year since 1982, analyzes company data to recognize the...
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