Visit our page dedicated to providing resources that will help you better understand Beneficial Ownership Information (BOI) requirements and how you can most efficiently comply.
Learn MoreTalk about being thankful. We had more than 350 clients and friends register for our annual fall CPE day — undaunted by the virtual format we presented in again this year. We are always truly happy to put together this day, no matter the format, to help educate clients on what they need to know for...
Read MoreThis year’s 2021 Virtual Summer CPE Series was another great way for us to reach out and help our private company clients stay on top of important issues for their businesses. We are grateful for everyone who joined us over the past couple of months, giving us the chance to speak and answer...
Read MoreNot-for-profits have been hit hard by the COVID-19 pandemic. However, affected organizations who serve low-income Ohioans have the chance to receive a portion of $25 million in additional grant funding provided by the Coronavirus Aid, Relief and Economic Security (CARES) Act. Interested...
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 MoreYour organization may have received a loan under the Paycheck Protection Program (PPP). Now that you have begun expending those funds, you may be wondering the appropriate way to account for them. Unlike for-profit entities currently, not-for-profit accounting already has clear guidance in place on...
Read MoreThe Coronavirus Aid, Relief and Economic Security (CARES) Act provides widespread economic relief but specifically includes appropriations for arts and humanities not-for-profit organizations. These are in addition to annual appropriations. Additional appropriations include $75 million to remain...
Read MoreSBA Economic Injury Disaster Loan Program You likely have heard about the Small Business Association’s (SBA’s) Economic Injury Disaster Loan Program (7(b)(2)), providing relief for COVID-19 related economic disruptions. However, many nonprofit organizations are questioning if they may be eligible...
Read MoreThe FASB unanimously voted on October 16, 2019, to approve an additional delay for private companies on three major upcoming standards, one of which is the new leasing standard. The FASB voted to delay the leases standard effective date for private companies until after December 15, 2020 (January 1,...
Read MoreOn May 29, 2019, the FASB issued Accounting Standards Update (ASU) 2019-06, extending two private company reporting alternatives to not-for-profit entities with regard to goodwill and intangible assets. Effective immediately, this ASU will help reduce not-for-profits’ costs for accounting in these...
Read MoreOn March 21, 2019, the FASB issued Accounting Standards Update (ASU) 2019-03, Not-for-Profit Entities (Topic 958): Updating the Definition of Collections. This ASU specifically addresses the use of proceeds from sales of collections and related disclosures. Collections include groupings of art,...
Read More