Filing Your Foreign Bank Account Report: 10 Things To Know
Posted by Ray Polantz If you have a financial interest in, or signature authority over, a foreign financial account, the Bank Secrecy Act may require you to file a Financial Crimes Enforcement Network...
View ArticleOhio Launches Nationwide Enrollment for STABLE Account
Posted by Rachel Roan, CPA, MT In December 2014, the federal Achieving a Better Life Experience (ABLE) Act created a new type of tax-advantage account, the ABLE account, for individuals with...
View ArticleOhio Cities Add New Historic Tax Credit Tool to Economic Toolbox
Posted by Chris Madison, CPA, MT As a part of House Bill 233 (HB 233) recently passed by the Ohio General Assembly and signed by Governor Kasich, Ohio cities now have a new financing tool to use toward...
View ArticleR&D Tax Credit: 3 Changes That May Impact You
Posted by Josh Messina, CPA, MT The research and development (R&D) tax credit has been around since the early ’80s and has seen its share of changes. With the signing of the PATH Act (Protecting...
View ArticleBrexit: Putting It In Perspective
Posted by Guest Blogger Russell Moenich, Managing Director, Asset Management at Sequoia Financial Advisors, LLC The United Kingdom’s (UK: England, Scotland, Wales and Northern Ireland) vote to leave...
View ArticleCPE Day Covers Overtime Rules, R&D Credit, Lease Accounting & More
Posted by Tracy Monroe, CPA, MT Cohen & Company’s most recent CPE day for our clients covered a lot of great topics and gave information CFOs and financial staff can use back at the office. We’ve...
View ArticleAICPA and CIMA Combine Shared Vision
Posted by Randy Myeroff, CPA, CGMA By now you may have heard about a very progressive move by the world’s two largest accounting associations — the American Institute of CPAs (AICPA) and the Chartered...
View ArticleInvestOhio Still Offers Great Opportunity for Investors and Businesses
Posted by Karen Raghanti, CPA, MT July 1, 2016, marked the beginning of the second year in Ohio’s FY 2016-2017 budget — and the last scheduled year for the state’s popular InvestOhio tax credit...
View ArticleTargeted Capital Accounts: The New Standard in Partnership Operating Agreements
Posted by Kim Palmer, CPA, MT Targeted capital allocations are becoming standard in new LLC or partnership operating agreements. Historically, operating agreements typically provided for income/loss...
View ArticleConsider Early Adoption of ASU 2015-07 for Simplified Fair Value Disclosures
Posted by Kimberly Rossman Accounting Standards Update 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its...
View ArticleOhio Exempts Digital Advertising from Sales and Use Tax
Posted by Jennifer K. Tapia, CPA, MAcc As an update to our March 7, 2016, post “Ohio Clarifies Growing Tax Scope for Online Services and Internet Access,” on July 14, 2016, Ohio passed HB 466 that will...
View Article3 Ways to Save During Ohio’s Back-to-School Sales Tax Holiday
Posted by Hannah Prengler, CPA As it did last year, the state of Ohio will offer a sales tax holiday weekend for back-to-school shopping. Beginning Friday, August 5th (starting at 12:00 a.m.) through...
View ArticleTax Identity Theft on the Rise: What You Need to Know
Posted by Laura White, CPA Earlier this year, the U.S. Federal Trade Commission (FTC) reported there was an almost 50% jump in identity theft complaints in 2015. The primary driver of that spike, by...
View Article5 Areas for Auto Dealers to Consider Before Starting an In-House Leasing Program
Posted by Scott Adelson Every successful business needs the ability to expand and grow alongside their customers. This may mean adding new services, products, and/or experiences to anticipate or meet...
View ArticleProposed IRS Regulations Target Valuation Discounts in Gift and Estate Planning
The IRS released proposed regulations (I.R.C. 2704) on August 2, 2016, that, if adopted, would significantly reduce or potentially eliminate the valuation discounts used by many high-net-worth...
View ArticleGreg Valliere Addresses Economy, Elections and Investments
Posted by Randy Myeroff, CPA, CGMA We were honored to have Greg Valliere, renowned political strategist with nearly 40 years of experience following Washington issues for institutional and retail...
View ArticleFiling Statement of Specified Foreign Financial Assets: 7 Things To Know
Posted by Ray Polantz, CPA, MT Many U.S. taxpayers are familiar with the requirement to annually file a foreign bank account report (FBAR). However, it’s important to note that the Foreign Account Tax...
View ArticleASU 2016-14 Brings Significant Changes to Not-for-Profits
Posted by Steve Cotter and Marie Brilmyer, CPA, MAcc The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-14 (ASU 2016-14) on August 18, 2016. This much...
View ArticleIRS Gives Taxpayers Second Chance for 60-Day IRA Rollover Deadline
Posted by Phil Baptiste, CPA, MT In Revenue Procedure 2016-47 issued August 24, 2016, the IRS has given taxpayers who miss the 60-day rollover deadline for IRA or retirement plan benefits another...
View ArticleBuilding a Better Plan for Your Technology
Posted by Jim Boland, MBA Technology is top of mind for many business owners. Some invest heavily in leading systems and information technology (IT) professionals, while others focus on the minimum...
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