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LATEST ARTICLE
A recent analysis from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) found that ransomware at...
As the year nears its close, now may be the best time to coordinate with your tax and legal advisor to review plans and implem...
You’ve filed your Form 5500 and completed your audit, so you can breathe a sigh of relief. Ahhhh. Okay — now it is time to...
Certain small business startups may receive some unexpected help from the Inflation Reduction Act (IRAt), which U.S. President...
The Internal Revenue Service on Friday, October 21st, announced a record increase in contribution limits for individuals to t...
Contrary to the promises of the various security appliance providers, there is no single solution in information security to d...
The Internal Revenue Service (IRS) warned taxpayers of a recent increase in IRS-themed texting scams aimed at stealing persona...
The accounting profession is an essential and dynamic field, offering numerous significant career options, room for growth, an...
Certain taxpayers in Virginia will soon receive rebates from the state government thanks to a bipartisan bill passed earlier...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
Distributions from a 401(k) plan often result in a 10% federal tax penalty if taken before reaching age 59.5. However, 401(k) ...
Fiscal sponsorship is a business arrangement, or contract, between two entities — the sponsored organization and the fiscal ...
Although it may still be hot and humid outside, the 2022/2023 audit busy season will soon be upon us.
As always, your au...
Many individual and business taxpayers who filed their 2019 or 2020 returns late due to the COVID-19 pandemic will soon receiv...
Earlier this month, U.S. President Joe Biden signed the Inflation Reduction Act that into law. One of the many items in this l...
The deadline for eligible Marylanders to apply for the Student Loan Debt Relief Tax Credit Program for tax year 2022 is quickl...
Under a new Maryland law, certain private-sector employers will soon be required to establish a retirement savings plan, such ...
The Inflation Reduction Act of 2022, which was signed into law by U.S. President Joe Biden on August 16, aims at reducing the ...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...
Since the Financial Accounting Standards Board set a new standard for lease accounting, organizations may need to reassess th...
Shop Maryland Tax-Free Week will return August 14th through 20th, and Comptroller Peter Franchot wants consumers to take advan...
While an estimated 19 million taxpayers who requested an extension for their 2021 federal tax returns have until mid-October t...
The Maryland Comptroller’s Office announced in a press release this week that the agency has already processed more than th...
The Maryland State Department of Assessments and Taxation (SDAT) announced this week that that House Bill 268 — which raises...
Maryland taxpayers have one week left to file and pay their state individual income taxes for tax year 2021, according to a pr...
The Virginia Department of Taxation recently announced a one-time tax rebate for certain qualifying taxpayers.
Not every...
All non-federal government agencies and nonprofit organizations that expend $750,000 or more in direct federal awards and fede...
Calls to restore a more generous tax break for companies’ research and development (R&D) spending have received a recen...
Those who work for nonprofits are frequently asked what processes they have in place for identifying, responding to, and monit...
Changes are on the horizon for financial statement audit engagements, which will prompt different questions from your auditor ...
In the wake of the Russian military invasion of Ukraine, fear of cyberwarfare has risen among the American public, many of who...
Earlier this month, Virginia Gov. Glenn Youngkin signed into law a new Virginia tax allowing qualifying pass-through entitiesÂ...
Changes may soon be coming to your 401(k).
The Securing a Strong Retirement Act of 2022 — also known as SECURE 2.0 —...
Okta, a massively popular company which provides identity and access management (IAM) services to clients worldwide, was recen...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
There is a new auditing standard that will soon impact upcoming employee benefit plan audits for periods ending on or after De...
Virginia Governor Glenn Youngkin recently signed legislation conforming the state’s tax code to the 2021 Internal Revenue Co...
The Maryland General Assembly is considering a bill authorizing local governments to penalize building owners for failing to m...
Cryptocurrency is becoming more mainstream, but the associated tax implications can be confusing.
With no generally acce...
Small and midsized businesses (SMBs) that use Intuit’s popular QuickBooks program should be aware of an upward trend in busi...
The IRS recently announced the suspension of more than a dozen automated collection taxpayer notices, including collection not...
The ubiquity of concerted campaigns through phishing and various other methods of malware deployment have led to individuals, ...
Cyber incidents often rely on human engagement to enable malware. Despite deploying security controls on the user’s account,...
ROCKVILLE, MD, Feb. 2, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville, ...
The COVID-19 pandemic caused a great deal of disruption in everyone’s lives. While the ensuing health and economic impacts h...
After several delays by the Financial Accounting Standards Board (FASB), the new lease accounting standard has finally taken e...
As a general rule of thumb, people look down on the idea of double-dipping. The term suggests that a person or an organization...
(Jan. 19, 2022) — Maryland taxpayers will now have until July 15, 2022 to file and pay their individual 2021 state income t...
Rockville, MD, (Jan. 17, 2022) – E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockvi...
ROCKVILLE, MD, Jan. 14, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville,...
(Jan. 13, 2022) On Jan. 11, Maryland Gov. Larry Hogan announced legislation that would eliminate the filing fee for businesses...
Starting this summer, employers in Maryland with automatic payroll systems will be required to offer a retirement plan or sign...
Starting this year, annual business earnings exceeding $600 paid through apps like Venmo, PayPal, Zelle, or Cash App must be r...
The Families First Coronavirus Response Act (FFCRA) entitles employers to payroll tax credits to cover the cost of leave for t...
Like other professions, the accounting industry is currently facing a shortage of qualified personnel, leaving many firms unde...
In 2020 and 2021, many companies have experienced “workforce fluctuations.†If your business has engaged independent contr...
(Dec. 17, 2021) — Certain self-employed taxpayers who took advantage of COVID-19 relief measures for Social Security taxes d...
If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on yo...
The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential conse...
(Dec. 7, 2021) — E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has...
Some might consider it a good problem to have: saving too much money for college. But if the money is held in a Section 529 co...
(Nov. 29, 2021) — Numerous tax provision changes affecting individuals, estates, and corporations were included in the versi...
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax plannin...
(Nov. 22, 2021) On Friday, the House of Representatives voted 220-213 to pass President Joe Biden’s Build Back Better infras...
The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or in...
Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to indi...
Barring swift action from Congress, capitalization rules will be applied to research and development (R&D) costs beginnin...
On Wednesday, the Internal Revenue Service (IRS) announced the 2022 tax year annual inflation adjustments. Dozens of tax provi...
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care worker...
ROCKVILLE, MD, November 12, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockv...
The devastating impacts that a ransomware incident can have on a company range from minor inconveniencesÂ, such as interrupti...
The employee retention credit (ERC) will be terminated a quarter early as part of the recently passed Infrastructure Investmen...
(Nov. 8, 2021) — Just a day after officially taking effect, one of two new COVID-19 vaccine mandates issued by President Joe...
If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accel...
This month, E. Cohen released the 2021-2022 tax guide, which serves as a comprehensive overview of some of the most significan...
Earlier this year, the District of Columbia Council approved the Fiscal Year 2022 Budget Act (B24-0285) which would increase i...
The U.S. Department of Treasury released its “Green Book†in May entitled, “General Explanation of the Biden administrat...
In a grueling tax season beset by changing regulations and technical glitches, millions of taxpayers are still facing unresolved delays as they wait patiently for their refund checks, some of whom have been waiting for their refunds since February of this year.
Comptroller Franchot today extended the tax relief being offered to businesses impacted by severe storms on Wednesday that caused extensive damage in parts of Anne Arundel, Charles, and Montgomery counties, as well as other parts of Maryland.
Comptroller Peter Franchot urges eligible Marylanders to act fast and apply for the Student Loan Debt Relief Tax Credit Program for Tax Year 2021. Applications must be submitted by September 15.
The investment tax credit (ITC), also known as the federal solar tax credit, was established by the Energy Policy Act of 2005 to support the growth of solar energy in the United States. Originally set to expire at the end of 2007, the initial credit was extended by congress on multiple occasions.
According to Cybercrime Magazine and Cybersecurity Ventures, global ransomware will cost the world nearly USD $20 billion in ...
The IRS’ Online Account system provides taxpayers who have registered accounts not only with the ability to make payments on...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...
The long-awaited Maryland Form 511 has finally arrived. On June 29th, the Maryland Comptroller released the Pass-Through Entit...
In this episode of the Second Bite Podcast, Potomac Business Capital M&A Advisor Todd Taskey talks with E. Cohen Principa...
When COVID-19 hit and offices closed, Congress mobilized and passed the Coronavirus Aid, Relief, and Economic Security (CARES)...
The District of Columbia has extended the deadline to file and pay all income tax returns until May 17, 2021. This extension a...
The Treasury Department and Internal Revenue Service announced yesterday that the federal income tax filing due date for indiv...
The House voted to provide an extra two months for the Paycheck Protection Program, giving businesses until May 31 to apply fo...
State, federal pandemic relief programs require extensive changes to tax forms; all updates anticipated by April 15
ANNA...
Within days, 98 percent of individual stimulus payments will be processed
ANNAPOLIS, Md. (February 16, 2021) – Comptro...
The Maryland General Assembly passed a pandemic relief measure on Friday that will deliver more than $1 billion in tax relief ...
ROCKVILLE, MD, January 21, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockvil...
On January 14, President-elect Biden announced a $1.9 trillion “American Rescue Plan,†the first step in a two-step plan o...
The COVID-19 pandemic has been causing havoc in the global markets and the U.S. economy. In these uncertain times, it’s impo...
If a relative needs financial help, offering an intrafamily loan might seem like a good idea. But if not properly executed, su...
Late yesterday, both houses of Congress passed The Consolidated Appropriations Act, 2021 to fund the federal government throug...
To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid...
Scam artists seem to come out of the woodwork when there’s money involved — and taxes are no exception. Fortunately, if yo...
If you’re selling a business interest, real estate or other highly appreciated property, you could get hit with a substantia...
Diligence required to avoid inadvertent termination and loss of tax benefits
The S corporation continues to be a popular...
Let’s say you drive for a ride-sharing app, deliver groceries ordered online or perform freelance home repairs booked via a ...
Is your business eligible for expanded tax benefits?
Small businesses enjoy several tax advantages that may allow them t...
To provide tax relief to businesses suffering during the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security...
Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improve...
As was widely reported back in May, the Internal Revenue Service (IRS) issued Notice 2020-32, in which it determined that 2020...
Earlier this month, E. Cohen released the 2020-2021 tax guide, which serves as a comprehensive overview of the tax law changes...
On November 9, 2020, the Internal Revenue Service (IRS) issued Notice 2020-75 announcing that it will issue proposed regulatio...
As the 2020 Election approaches, a renewed focus has been placed on the importance of reviewing estate and gift plans prior to...
On October 22, 2020, Maryland Governor Larry Hogan announced the launch of the “Maryland Strong: Economic Recovery Initiativ...
So your simple office environment has been thrown into total disarray by COVID-19…welcome to the club.
As offices clos...
One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, respondin...
On August 8, 2020, the President of the United States issued presidential memoranda on deferring payroll tax obligations in l...
The Internal Revenue Service has issued a reminder to IRA owners, beneficiaries, or workplace retirement plan participants who...
The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people wo...
In 2017, the Tax Cuts and Jobs Act (TCJA) made significant changes to the country’s tax laws, including the implementation o...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Md., was named as one of Account...
On July 7, the Montgomery County Council approved a special appropriation of $14 million to create the Reopen Montgomery Busin...
As 2020 passed the halfway mark, a new law took effect in Maryland that allows owners of pass-through entities (PTEs)—such a...
Along with many other interested parties, we have been watching and waiting to see what happens in a Supreme Court Case which ...
Governor Larry Hogan recently announced the next round of safe and phased reopenings in conjunction with stage two of the ‘M...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act waived 2020 Minimum Required Distributions (RMD) from both Indi...
In an article for Forbes, Alan Gassman outlined the measures laid out in House Bill H.R. 7010 to ease the rules governing PPP ...
This year may be an opportunistic time for you to convert some or all of your traditional IRA to a Roth IRA. Stock markets aro...
The Financial Accounting Standards Board (FASB) voted on May 20 to extend the effective date of the revenue recognition standa...
On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness A...
For businesses experiencing financial loss due to the current COVID-19 crisis, there may be a need to increase cash flow in th...
With the recently enacted CARES Act, Congress has finally corrected a drafting error they made when they passed the Tax Cuts a...
In December 2019 Congress passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), and in Ma...
Tuesday evening, the Senate passed a $484 billion coronavirus relief package aimed at the public health and economic crises co...
Federal government prime contractors and subcontractors who 1) have cost-plus contracts, and 2) have applied for (or received)...
To help taxpayers, the Department of Treasury and the Internal Revenue Service announced yesterday that it intends to extend a...
Federal policies addressing the economic consequences of the COVID-19 pandemic continue to evolve rapidly. The Real Estate R...
On April 1, 2020, the U.S. Department of Labor announced new action regarding how American employers and employees will benefi...
The COVID-19, Relief, and Economic Security Act (CARES) makes $350 billion in paycheck protection loans available to small b...
Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-med...
Congress Approves COVID-19 Stimulus Package
Congress overwhelmingly passed the largest rescue package in American histor...
The Federal Government Moves Tax Day to July 15
On March 20, 2020, the IRS and Treasury extended the tax filing and paym...
The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small an...
Senate Majority Leader Mitch McConnell introduced emergency stimulus legislation last week to address the economic fallout fro...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, MD, announced that it has appoin...
E. Cohen is grateful for the support of our community, clients and employees. Special thanks to Dignitaries: City of Rockville...
E. Cohen now offers a full suite of National Tax Office Services to other tax professionals.
Our professionals work hand...
Under the TCJA, interest paid or accrued by a business is deductible up to 30% of “adjusted taxable income.†Taxpayers (ot...
It’s possible to divest yourself of appreciated investment real estate but defer the tax liability. Such strategies may even...
Three valuable depreciation-related breaks may be available to real estate investors:
1. Bonus depreciation
This a...
Income and losses from investment real estate or rental property are passive by definition—unless you’re a real estate pro...
We Are Thankful for Your Trust and
Look Forward to Serving You in the Future.
We Are Growing to Better Serve You!<...
Forbes has partnered with market research company Statista to create a list of the most recommended firms for tax and accounti...
E. Cohen is excited to announce that our firm is expanding our office space to accommodate our continued growth and new busine...
Jessica Bragdon is an Assurance Manager at E. Cohen. In November 2019, she passed the rigorous Advanced Defined Contribution P...
The Community Outreach Committee at E. Cohen has selected the Montgomery County Animal Services and Outreach Center as our cur...
Each year, Accounting Today, the accounting industry’s leading publication, recognizes the 100 Best Firms to Work For in the...
One question that we frequently ask nonprofit organizations is, “What processes are in place for identifying, responding to,...
Does your company sponsor a 401(k) or 403(b) plan? Are you a plan administrator or trustee of a plan? Are you a participant in...
Each year, Accounting Today and Best Companies Group select the Best Accounting Firms to Work For. E. Cohen is ranked 19 in th...
One question that we frequently receive from companies operating in the government contracting arena is what accounting system...
(Replay of Full Video Posted Below) from Tuesday, September 10th 12:30–1:00 pm ET. (Complimentary Online Interactive Discuss...
Eric Cohen, CPA
Maryland-based public accounting firm owner recognized for his innovation, leadership, firm culture and ...
Year-round strategies to make the tax laws work for you.
Last year, most of the provisions of the massive Tax C...
Benjamin Franklin once said “to fail to plan is to plan to fail.†This adage certainly applies to tax planning.
Alth...
E. Cohen & Company, CPAs has earned the distinction of being named one of the 2019 Accounting Today’s “Best Accountin...
The Presidential Forum Roundtable Breakfast is by invitation only and is limited to only Association CFOs and COOs.
TOPI...
A Comfort Case is a small duffel bag or backpack with a purpose to provide comfort for youth as they enter the foster care sys...
View our panel discussion with Venable LLP on Opportunity Zones and Qualified Opportunity Funds. Created by the Tax C...
Phillip Mills is an Assurance Manager at E. Cohen. In April 2019, he passed the rigorous Advanced Defined Contribution Plans A...
Starting July 1, 2019, the District of Columbia will collect taxes from all private sector employers in the District to fund t...
Prepared by Venable LLP Attorneys, Walter Calvert and Elizabeth Stieff
The tax and investment communities continue to be...
E. Cohen is an INSIDE Public Accounting Top 400 Firm on the inaugural IPA 400 list, based on the 2018 annual IPA Survey and An...
Do you remember what it was like waking up on Christmas morning all excited to find THAT one perfect toy under the Christmas t...
E. Cohen and Company, CPAs, now known as E. Cohen, is excited to announce our new name, brand, and website.
The rebrand...
Contractors often must supply cost and pricing data in contract proposals. There are three basic components to such data: dire...
E. Cohen has been named as one of the 2018 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partne...
Third in a series of three articles, “Budget Building Blocks,†Reprinted with permission by Donald Keninitz, CPA.
I...
Second in a series of three articles, “Budget Building Blocks,†Reprinted with permission by Donald Keninitz, CPA.
...
First in a series of three articles, “Budget Building Blocks,†Reprinted with permission by Donald Keninitz, CPA.
On...
With many baby boomers nearing retirement age, and strong demand for quality companies in the M&A market, many small and ...
This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...
This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...
As your organization strives to use its resources as effectively as possible, you might at some point consider outsourcing the...
Timely, trustworthy, and reliable — we’ve got the expertise you need.
LATEST ARTICLE
A recent analysis from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) found that ransomware at...
As the year nears its close, now may be the best time to coordinate with your tax and legal advisor to review plans and implem...
You’ve filed your Form 5500 and completed your audit, so you can breathe a sigh of relief. Ahhhh. Okay — now it is time to...
Certain small business startups may receive some unexpected help from the Inflation Reduction Act (IRAt), which U.S. President...
The Internal Revenue Service on Friday, October 21st, announced a record increase in contribution limits for individuals to t...
Contrary to the promises of the various security appliance providers, there is no single solution in information security to d...
The Internal Revenue Service (IRS) warned taxpayers of a recent increase in IRS-themed texting scams aimed at stealing persona...
The accounting profession is an essential and dynamic field, offering numerous significant career options, room for growth, an...
Certain taxpayers in Virginia will soon receive rebates from the state government thanks to a bipartisan bill passed earlier...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
Distributions from a 401(k) plan often result in a 10% federal tax penalty if taken before reaching age 59.5. However, 401(k) ...
Fiscal sponsorship is a business arrangement, or contract, between two entities — the sponsored organization and the fiscal ...
Although it may still be hot and humid outside, the 2022/2023 audit busy season will soon be upon us.
As always, your au...
Many individual and business taxpayers who filed their 2019 or 2020 returns late due to the COVID-19 pandemic will soon receiv...
Earlier this month, U.S. President Joe Biden signed the Inflation Reduction Act that into law. One of the many items in this l...
The deadline for eligible Marylanders to apply for the Student Loan Debt Relief Tax Credit Program for tax year 2022 is quickl...
Under a new Maryland law, certain private-sector employers will soon be required to establish a retirement savings plan, such ...
The Inflation Reduction Act of 2022, which was signed into law by U.S. President Joe Biden on August 16, aims at reducing the ...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...
Since the Financial Accounting Standards Board set a new standard for lease accounting, organizations may need to reassess th...
Shop Maryland Tax-Free Week will return August 14th through 20th, and Comptroller Peter Franchot wants consumers to take advan...
While an estimated 19 million taxpayers who requested an extension for their 2021 federal tax returns have until mid-October t...
The Maryland Comptroller’s Office announced in a press release this week that the agency has already processed more than th...
The Maryland State Department of Assessments and Taxation (SDAT) announced this week that that House Bill 268 — which raises...
Maryland taxpayers have one week left to file and pay their state individual income taxes for tax year 2021, according to a pr...
The Virginia Department of Taxation recently announced a one-time tax rebate for certain qualifying taxpayers.
Not every...
All non-federal government agencies and nonprofit organizations that expend $750,000 or more in direct federal awards and fede...
Calls to restore a more generous tax break for companies’ research and development (R&D) spending have received a recen...
Those who work for nonprofits are frequently asked what processes they have in place for identifying, responding to, and monit...
Changes are on the horizon for financial statement audit engagements, which will prompt different questions from your auditor ...
In the wake of the Russian military invasion of Ukraine, fear of cyberwarfare has risen among the American public, many of who...
Earlier this month, Virginia Gov. Glenn Youngkin signed into law a new Virginia tax allowing qualifying pass-through entitiesÂ...
Changes may soon be coming to your 401(k).
The Securing a Strong Retirement Act of 2022 — also known as SECURE 2.0 —...
Okta, a massively popular company which provides identity and access management (IAM) services to clients worldwide, was recen...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
There is a new auditing standard that will soon impact upcoming employee benefit plan audits for periods ending on or after De...
Virginia Governor Glenn Youngkin recently signed legislation conforming the state’s tax code to the 2021 Internal Revenue Co...
The Maryland General Assembly is considering a bill authorizing local governments to penalize building owners for failing to m...
Cryptocurrency is becoming more mainstream, but the associated tax implications can be confusing.
With no generally acce...
Small and midsized businesses (SMBs) that use Intuit’s popular QuickBooks program should be aware of an upward trend in busi...
The IRS recently announced the suspension of more than a dozen automated collection taxpayer notices, including collection not...
The ubiquity of concerted campaigns through phishing and various other methods of malware deployment have led to individuals, ...
Cyber incidents often rely on human engagement to enable malware. Despite deploying security controls on the user’s account,...
ROCKVILLE, MD, Feb. 2, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville, ...
The COVID-19 pandemic caused a great deal of disruption in everyone’s lives. While the ensuing health and economic impacts h...
After several delays by the Financial Accounting Standards Board (FASB), the new lease accounting standard has finally taken e...
As a general rule of thumb, people look down on the idea of double-dipping. The term suggests that a person or an organization...
(Jan. 19, 2022) — Maryland taxpayers will now have until July 15, 2022 to file and pay their individual 2021 state income t...
Rockville, MD, (Jan. 17, 2022) – E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockvi...
ROCKVILLE, MD, Jan. 14, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville,...
(Jan. 13, 2022) On Jan. 11, Maryland Gov. Larry Hogan announced legislation that would eliminate the filing fee for businesses...
Starting this summer, employers in Maryland with automatic payroll systems will be required to offer a retirement plan or sign...
Starting this year, annual business earnings exceeding $600 paid through apps like Venmo, PayPal, Zelle, or Cash App must be r...
The Families First Coronavirus Response Act (FFCRA) entitles employers to payroll tax credits to cover the cost of leave for t...
Like other professions, the accounting industry is currently facing a shortage of qualified personnel, leaving many firms unde...
In 2020 and 2021, many companies have experienced “workforce fluctuations.†If your business has engaged independent contr...
(Dec. 17, 2021) — Certain self-employed taxpayers who took advantage of COVID-19 relief measures for Social Security taxes d...
If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on yo...
The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential conse...
(Dec. 7, 2021) — E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has...
Some might consider it a good problem to have: saving too much money for college. But if the money is held in a Section 529 co...
(Nov. 29, 2021) — Numerous tax provision changes affecting individuals, estates, and corporations were included in the versi...
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax plannin...
(Nov. 22, 2021) On Friday, the House of Representatives voted 220-213 to pass President Joe Biden’s Build Back Better infras...
The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or in...
Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to indi...
Barring swift action from Congress, capitalization rules will be applied to research and development (R&D) costs beginnin...
On Wednesday, the Internal Revenue Service (IRS) announced the 2022 tax year annual inflation adjustments. Dozens of tax provi...
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care worker...
ROCKVILLE, MD, November 12, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockv...
The devastating impacts that a ransomware incident can have on a company range from minor inconveniencesÂ, such as interrupti...
The employee retention credit (ERC) will be terminated a quarter early as part of the recently passed Infrastructure Investmen...
(Nov. 8, 2021) — Just a day after officially taking effect, one of two new COVID-19 vaccine mandates issued by President Joe...
If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accel...
This month, E. Cohen released the 2021-2022 tax guide, which serves as a comprehensive overview of some of the most significan...
Earlier this year, the District of Columbia Council approved the Fiscal Year 2022 Budget Act (B24-0285) which would increase i...
The U.S. Department of Treasury released its “Green Book†in May entitled, “General Explanation of the Biden administrat...
In a grueling tax season beset by changing regulations and technical glitches, millions of taxpayers are still facing unresolved delays as they wait patiently for their refund checks, some of whom have been waiting for their refunds since February of this year.
Comptroller Franchot today extended the tax relief being offered to businesses impacted by severe storms on Wednesday that caused extensive damage in parts of Anne Arundel, Charles, and Montgomery counties, as well as other parts of Maryland.
Comptroller Peter Franchot urges eligible Marylanders to act fast and apply for the Student Loan Debt Relief Tax Credit Program for Tax Year 2021. Applications must be submitted by September 15.
The investment tax credit (ITC), also known as the federal solar tax credit, was established by the Energy Policy Act of 2005 to support the growth of solar energy in the United States. Originally set to expire at the end of 2007, the initial credit was extended by congress on multiple occasions.
According to Cybercrime Magazine and Cybersecurity Ventures, global ransomware will cost the world nearly USD $20 billion in ...
The IRS’ Online Account system provides taxpayers who have registered accounts not only with the ability to make payments on...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...
The long-awaited Maryland Form 511 has finally arrived. On June 29th, the Maryland Comptroller released the Pass-Through Entit...
In this episode of the Second Bite Podcast, Potomac Business Capital M&A Advisor Todd Taskey talks with E. Cohen Principa...
When COVID-19 hit and offices closed, Congress mobilized and passed the Coronavirus Aid, Relief, and Economic Security (CARES)...
The District of Columbia has extended the deadline to file and pay all income tax returns until May 17, 2021. This extension a...
The Treasury Department and Internal Revenue Service announced yesterday that the federal income tax filing due date for indiv...
The House voted to provide an extra two months for the Paycheck Protection Program, giving businesses until May 31 to apply fo...
State, federal pandemic relief programs require extensive changes to tax forms; all updates anticipated by April 15
ANNA...
Within days, 98 percent of individual stimulus payments will be processed
ANNAPOLIS, Md. (February 16, 2021) – Comptro...
The Maryland General Assembly passed a pandemic relief measure on Friday that will deliver more than $1 billion in tax relief ...
ROCKVILLE, MD, January 21, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockvil...
On January 14, President-elect Biden announced a $1.9 trillion “American Rescue Plan,†the first step in a two-step plan o...
The COVID-19 pandemic has been causing havoc in the global markets and the U.S. economy. In these uncertain times, it’s impo...
If a relative needs financial help, offering an intrafamily loan might seem like a good idea. But if not properly executed, su...
Late yesterday, both houses of Congress passed The Consolidated Appropriations Act, 2021 to fund the federal government throug...
To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid...
Scam artists seem to come out of the woodwork when there’s money involved — and taxes are no exception. Fortunately, if yo...
If you’re selling a business interest, real estate or other highly appreciated property, you could get hit with a substantia...
Diligence required to avoid inadvertent termination and loss of tax benefits
The S corporation continues to be a popular...
Let’s say you drive for a ride-sharing app, deliver groceries ordered online or perform freelance home repairs booked via a ...
Is your business eligible for expanded tax benefits?
Small businesses enjoy several tax advantages that may allow them t...
To provide tax relief to businesses suffering during the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security...
Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improve...
As was widely reported back in May, the Internal Revenue Service (IRS) issued Notice 2020-32, in which it determined that 2020...
Earlier this month, E. Cohen released the 2020-2021 tax guide, which serves as a comprehensive overview of the tax law changes...
On November 9, 2020, the Internal Revenue Service (IRS) issued Notice 2020-75 announcing that it will issue proposed regulatio...
As the 2020 Election approaches, a renewed focus has been placed on the importance of reviewing estate and gift plans prior to...
On October 22, 2020, Maryland Governor Larry Hogan announced the launch of the “Maryland Strong: Economic Recovery Initiativ...
So your simple office environment has been thrown into total disarray by COVID-19…welcome to the club.
As offices clos...
One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, respondin...
On August 8, 2020, the President of the United States issued presidential memoranda on deferring payroll tax obligations in l...
The Internal Revenue Service has issued a reminder to IRA owners, beneficiaries, or workplace retirement plan participants who...
The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people wo...
In 2017, the Tax Cuts and Jobs Act (TCJA) made significant changes to the country’s tax laws, including the implementation o...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Md., was named as one of Account...
On July 7, the Montgomery County Council approved a special appropriation of $14 million to create the Reopen Montgomery Busin...
As 2020 passed the halfway mark, a new law took effect in Maryland that allows owners of pass-through entities (PTEs)—such a...
Along with many other interested parties, we have been watching and waiting to see what happens in a Supreme Court Case which ...
Governor Larry Hogan recently announced the next round of safe and phased reopenings in conjunction with stage two of the ‘M...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act waived 2020 Minimum Required Distributions (RMD) from both Indi...
In an article for Forbes, Alan Gassman outlined the measures laid out in House Bill H.R. 7010 to ease the rules governing PPP ...
This year may be an opportunistic time for you to convert some or all of your traditional IRA to a Roth IRA. Stock markets aro...
The Financial Accounting Standards Board (FASB) voted on May 20 to extend the effective date of the revenue recognition standa...
On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness A...
For businesses experiencing financial loss due to the current COVID-19 crisis, there may be a need to increase cash flow in th...
With the recently enacted CARES Act, Congress has finally corrected a drafting error they made when they passed the Tax Cuts a...
In December 2019 Congress passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), and in Ma...
Tuesday evening, the Senate passed a $484 billion coronavirus relief package aimed at the public health and economic crises co...
Federal government prime contractors and subcontractors who 1) have cost-plus contracts, and 2) have applied for (or received)...
To help taxpayers, the Department of Treasury and the Internal Revenue Service announced yesterday that it intends to extend a...
Federal policies addressing the economic consequences of the COVID-19 pandemic continue to evolve rapidly. The Real Estate R...
On April 1, 2020, the U.S. Department of Labor announced new action regarding how American employers and employees will benefi...
The COVID-19, Relief, and Economic Security Act (CARES) makes $350 billion in paycheck protection loans available to small b...
Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-med...
Congress Approves COVID-19 Stimulus Package
Congress overwhelmingly passed the largest rescue package in American histor...
The Federal Government Moves Tax Day to July 15
On March 20, 2020, the IRS and Treasury extended the tax filing and paym...
The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small an...
Senate Majority Leader Mitch McConnell introduced emergency stimulus legislation last week to address the economic fallout fro...
E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, MD, announced that it has appoin...
E. Cohen is grateful for the support of our community, clients and employees. Special thanks to Dignitaries: City of Rockville...
E. Cohen now offers a full suite of National Tax Office Services to other tax professionals.
Our professionals work hand...
Under the TCJA, interest paid or accrued by a business is deductible up to 30% of “adjusted taxable income.†Taxpayers (ot...
It’s possible to divest yourself of appreciated investment real estate but defer the tax liability. Such strategies may even...
Three valuable depreciation-related breaks may be available to real estate investors:
1. Bonus depreciation
This a...
Income and losses from investment real estate or rental property are passive by definition—unless you’re a real estate pro...
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Look Forward to Serving You in the Future.
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Forbes has partnered with market research company Statista to create a list of the most recommended firms for tax and accounti...
E. Cohen is excited to announce that our firm is expanding our office space to accommodate our continued growth and new busine...
Jessica Bragdon is an Assurance Manager at E. Cohen. In November 2019, she passed the rigorous Advanced Defined Contribution P...
The Community Outreach Committee at E. Cohen has selected the Montgomery County Animal Services and Outreach Center as our cur...
Each year, Accounting Today, the accounting industry’s leading publication, recognizes the 100 Best Firms to Work For in the...
One question that we frequently ask nonprofit organizations is, “What processes are in place for identifying, responding to,...
Does your company sponsor a 401(k) or 403(b) plan? Are you a plan administrator or trustee of a plan? Are you a participant in...
Each year, Accounting Today and Best Companies Group select the Best Accounting Firms to Work For. E. Cohen is ranked 19 in th...
One question that we frequently receive from companies operating in the government contracting arena is what accounting system...
(Replay of Full Video Posted Below) from Tuesday, September 10th 12:30–1:00 pm ET. (Complimentary Online Interactive Discuss...
Eric Cohen, CPA
Maryland-based public accounting firm owner recognized for his innovation, leadership, firm culture and ...
Year-round strategies to make the tax laws work for you.
Last year, most of the provisions of the massive Tax C...
Benjamin Franklin once said “to fail to plan is to plan to fail.†This adage certainly applies to tax planning.
Alth...
E. Cohen & Company, CPAs has earned the distinction of being named one of the 2019 Accounting Today’s “Best Accountin...
The Presidential Forum Roundtable Breakfast is by invitation only and is limited to only Association CFOs and COOs.
TOPI...
A Comfort Case is a small duffel bag or backpack with a purpose to provide comfort for youth as they enter the foster care sys...
View our panel discussion with Venable LLP on Opportunity Zones and Qualified Opportunity Funds. Created by the Tax C...
Phillip Mills is an Assurance Manager at E. Cohen. In April 2019, he passed the rigorous Advanced Defined Contribution Plans A...
Starting July 1, 2019, the District of Columbia will collect taxes from all private sector employers in the District to fund t...
Prepared by Venable LLP Attorneys, Walter Calvert and Elizabeth Stieff
The tax and investment communities continue to be...
E. Cohen is an INSIDE Public Accounting Top 400 Firm on the inaugural IPA 400 list, based on the 2018 annual IPA Survey and An...
Do you remember what it was like waking up on Christmas morning all excited to find THAT one perfect toy under the Christmas t...
E. Cohen and Company, CPAs, now known as E. Cohen, is excited to announce our new name, brand, and website.
The rebrand...
Contractors often must supply cost and pricing data in contract proposals. There are three basic components to such data: dire...
E. Cohen has been named as one of the 2018 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partne...
Third in a series of three articles, “Budget Building Blocks,†Reprinted with permission by Donald Keninitz, CPA.
I...
Second in a series of three articles, “Budget Building Blocks,†Reprinted with permission by Donald Keninitz, CPA.
...
First in a series of three articles, “Budget Building Blocks,†Reprinted with permission by Donald Keninitz, CPA.
On...
With many baby boomers nearing retirement age, and strong demand for quality companies in the M&A market, many small and ...
This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...
This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...
As your organization strives to use its resources as effectively as possible, you might at some point consider outsourcing the...
