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E. Cohen Again Recognized as One of the Top 300 Firms in the United States

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...

How to Determine Finance Versus Operating Leases

Since the Financial Accounting Standards Board set a new standard for lease accounting, organizations may need to reassess th...

Shop Maryland Tax-Free Week 2022 Set for August 14th through 20th

Shop Maryland Tax-Free Week will return August 14th through 20th, and Comptroller Peter Franchot wants consumers to take advan...

Tax Reminder: 2021 Tax Extension Filers Don’t Need To Wait Until October 17

While an estimated 19 million taxpayers who requested an extension for their 2021 federal tax returns have until mid-October t...

Tax Alert: More Than 3 Million Maryland State Tax Returns Processed

The Maryland Comptroller’s Office announced in a press release this week that the agency has already processed more than th...

Tax Alert: Maryland Business Personal Property Exemption Raised From $2,500 to $20,000

The Maryland State Department of Assessments and Taxation (SDAT) announced this week that that House Bill 268 — which raises...

Tax Reminder: Marylanders Have One Week Left to File by Extended July 15 Deadline

Maryland taxpayers have one week left to file and pay their state individual income taxes for tax year 2021, according to a pr...

Tax Alert: Virginia Announces One-Time Tax Rebate

The Virginia Department of Taxation recently announced a one-time tax rebate for certain qualifying taxpayers.
Not every...

What You Need to Know About the 2022 Compliance Supplement

All non-federal government agencies and nonprofit organizations that expend $750,000 or more in direct federal awards and fede...

Bipartisan Congressional Pressure Builds Over Stalled R&D Tax Break

Calls to restore a more generous tax break for companies’ research and development (R&D) spending have received a recen...

The Importance of Assessing Fraud Risk for Nonprofits

Those who work for nonprofits are frequently asked what processes they have in place for identifying, responding to, and monit...

Why Your Auditor Will Soon Ask Different Questions During the Auditing Process

Changes are on the horizon for financial statement audit engagements, which will prompt different questions from your auditor ...

What You Need to Know About the Strengthening American Cybersecurity Act

In the wake of the Russian military invasion of Ukraine, fear of cyberwarfare has risen among the American public, many of who...

Legislation Watch: Virginia Enacts PTE Tax SALT Workaround

Earlier this month, Virginia Gov. Glenn Youngkin signed into law a new Virginia tax allowing qualifying pass-through entities...

How SECURE 2.0 Might Impact Your Employee Benefit Plan

Changes may soon be coming to your 401(k).
The Securing a Strong Retirement Act of 2022 — also known as SECURE 2.0 —...

What the Recent Okta Compromise Could Mean for You and Your Business

Okta, a massively popular company which provides identity and access management (IAM) services to clients worldwide, was recen...

E. Cohen Recognized as a Top Metro-Area Accounting Firm by the Washington Business Journal

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...

E. Cohen Recognized as One of Accounting Today’s Regional Leaders

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...

Attention Plan Sponsors: Expect Changes to Your Upcoming 401k Audit Due to SAS 136

There is a new auditing standard that will soon impact upcoming employee benefit plan audits for periods ending on or after De...

Legislation Watch: Virginia Taxes to Conform to Federal Code

Virginia Governor Glenn Youngkin recently signed legislation conforming the state’s tax code to the 2021 Internal Revenue Co...

Legislation Watch: Maryland Lawmakers Considering Bill to Penalize Energy Standard Non-Compliance

The Maryland General Assembly is considering a bill authorizing local governments to penalize building owners for failing to m...

The Basics of Cryptocurrency and Taxes

Cryptocurrency is becoming more mainstream, but the associated tax implications can be confusing.
With no generally acce...

User Beware: New QuickBooks Payment Scams Target SMBs

Small and midsized businesses (SMBs) that use Intuit’s popular QuickBooks program should be aware of an upward trend in busi...

IRS Suspends Several Automated Collection Notices

The IRS recently announced the suspension of more than a dozen automated collection taxpayer notices, including collection not...

D.C. and Data Breaches: What You Need to Know

The ubiquity of concerted campaigns through phishing and various other methods of malware deployment have led to individuals, ...

The Dangers of Consent Phishing

Cyber incidents often rely on human engagement to enable malware. Despite deploying security controls on the user’s account,...

DeVan & Lowery, PA Has Merged Into E. Cohen and Company, CPAs

ROCKVILLE, MD, Feb. 2, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville, ...

Some Parents Can Get Extra Credit!

The COVID-19 pandemic caused a great deal of disruption in everyone’s lives. While the ensuing health and economic impacts h...

What to Know About the New Lease Accounting Standard ASC 842

After several delays by the Financial Accounting Standards Board (FASB), the new lease accounting standard has finally taken e...

Do I Pass Through Door Number 1 or Door Number 2?

As a general rule of thumb, people look down on the idea of double-dipping. The term suggests that a person or an organization...

Maryland Extends 2021 State Individual Income Tax Filing, Payment Deadline to July 15

(Jan. 19, 2022) — Maryland taxpayers will now have until July 15, 2022 to file and pay their individual 2021 state income t...

E. Cohen Announces Two Promotions to Principal

Rockville, MD, (Jan. 17, 2022) – E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockvi...

E. Cohen Raises Nearly $25,000 to Combat Food Insecurity in Montgomery County

ROCKVILLE, MD, Jan. 14, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville,...

Maryland to Eliminate SDAT’s Annual $300 Business Fee

(Jan. 13, 2022) On Jan. 11, Maryland Gov. Larry Hogan announced legislation that would eliminate the filing fee for businesses...

Maryland Program to Require Certain Employers to Provide an Employee Retirement Plan Option

Starting this summer, employers in Maryland with automatic payroll systems will be required to offer a retirement plan or sign...

IRS Requires Payment Apps to Report Earnings Exceeding $600

Starting this year, annual business earnings exceeding $600 paid through apps like Venmo, PayPal, Zelle, or Cash App must be r...

Self-Employed Individuals Can Claim COVID-19 Sick and Family Leave Tax Credits

The Families First Coronavirus Response Act (FFCRA) entitles employers to payroll tax credits to cover the cost of leave for t...

What The Accounting Industry Staffing Shortage May Mean For You

Like other professions, the accounting industry is currently facing a shortage of qualified personnel, leaving many firms unde...

Worker Classification Is Still Important

In 2020 and 2021, many companies have experienced “workforce fluctuations.” If your business has engaged independent contr...

Self-Employed Tax Deferral Payments Due Dec. 31

(Dec. 17, 2021) — Certain self-employed taxpayers who took advantage of COVID-19 relief measures for Social Security taxes d...

Rental Real Estate: Determining if a Property is a Business or an Investment

If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on yo...

Working Remotely From “Out Of State” Can Be Taxing

The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential conse...

E. Cohen Listed Among America’s Best Tax and Accounting Firms — Forbes

(Dec. 7, 2021) — E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has...

Oops, You Overfunded Your 529 Plan

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...

Here’s How the Build Back Better Act May Impact Your Taxes

(Nov. 29, 2021) — Numerous tax provision changes affecting individuals, estates, and corporations were included in the versi...

5 Tax Planning Tips for Retirees

There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax plannin...

Tax Alert: House of Representatives Votes to Raise SALT Deduction Cap

(Nov. 22, 2021) On Friday, the House of Representatives voted 220-213 to pass President Joe Biden’s Build Back Better infras...

When can you deduct business-related meals . . . and how much can you deduct?

The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or in...

The Problem with Ransomware

Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to indi...

R&D Credit Changes Mean Major Impact on the Deductibility of Payroll Costs

Barring swift action from Congress, capitalization rules will be applied to research and development (R&D) costs beginnin...

IRS Announces 2022 Tax Inflation Adjustments

On Wednesday, the Internal Revenue Service (IRS) announced the 2022 tax year annual inflation adjustments. Dozens of tax provi...

Are you liable for “nanny taxes”?

If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care worker...

E. Cohen Renews Efforts to Combat Food Insecurity in Montgomery County

ROCKVILLE, MD, November 12, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockv...

How To Keep Your Business Safe from Ransomware Attacks

The devastating impacts that a ransomware incident can have on a company range from minor inconveniences­, such as interrupti...

Employee Retention Credit Eligibility Ends Early

The employee retention credit (ERC) will be terminated a quarter early as part of the recently passed Infrastructure Investmen...

COVID-19 Vaccine Mandate 2.0 — What You Need to Know

(Nov. 8, 2021) — Just a day after officially taking effect, one of two new COVID-19 vaccine mandates issued by President Joe...

A Cost Segregation Study is One Way to Boost Cash Flow

If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accel...

2021-2022 Tax Planning Guide: Year-Round Strategies To Make The Tax Laws Work For You

This month, E. Cohen released the 2021-2022 tax guide, which serves as a comprehensive overview of some of the most significan...

New DC law would raise income tax on high-wage earners as early as next year if passed by Congress

Earlier this year, the District of Columbia Council approved the Fiscal Year 2022 Budget Act (B24-0285) which would increase i...

Lowdown on Federal Tax Proposals for Individuals and Businesses

The U.S. Department of Treasury released its “Green Book” in May entitled, “General Explanation of the Biden administrat...

Still Waiting for Your Tax Refund?

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 Extends Tax Relief to Businesses Statewide in Wake of Tornadoes, Flash Floods

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 Franchot Urges Marylanders to Apply for Tax Credit

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.

What Taxpayers and Business Owners Should Know About Solar Tax Credits

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.

Is Your Business Vulnerable to a Ransomware Attack?

According to Cybercrime Magazine and Cybersecurity Ventures, global ransomware will cost the world nearly USD $20 billion in ...

IRS Updates Online Account System, Allowing Taxpayers to Grant Digital Authorization to Tax Representatives

The IRS’ Online Account system provides taxpayers who have registered accounts not only with the ability to make payments on...

E. Cohen Recognized for the 12th Time as One of Accounting Today’s 2021 Best Accounting Firms to Work For

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...

E. Cohen Recognized as One of the Top 300 Firms in the United States

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...

Maryland Releases New Form 511 And Extends Pass-Through Entities’ Deadline to September 15th

The long-awaited Maryland Form 511 has finally arrived. On June 29th, the Maryland Comptroller released the Pass-Through Entit...

Second Bite Podcast: Improving Your EBITDA with Don Keninitz of E. Cohen (Part 1)

In this episode of the Second Bite Podcast, Potomac Business Capital M&A Advisor Todd Taskey talks with E. Cohen Principa...

How The Employment Retention Credit (ERC) Can Help Government Contractors

When COVID-19 hit and offices closed, Congress mobilized and passed the Coronavirus Aid, Relief, and Economic Security (CARES)...

District of Columbia Individual Income and Franchise Tax Extended Until May 17, 2021

The District of Columbia has extended the deadline to file and pay all income tax returns until May 17, 2021. This extension a...

BREAKING NEWS: The IRS Extends Income Tax Filing Deadline to May 17th

The Treasury Department and Internal Revenue Service announced yesterday that the federal income tax filing due date for indiv...

House votes to extend PPP deadline until May 31

The House voted to provide an extra two months for the Paycheck Protection Program, giving businesses until May 31 to apply fo...

Franchot Extends State Income Tax Filing Deadline to July 15

State, federal pandemic relief programs require extensive changes to tax forms; all updates anticipated by April 15
ANNA...

Franchot Announces Processing of RELIEF Act Payments Has Begun

Within days, 98 percent of individual stimulus payments will be processed
ANNAPOLIS, Md. (February 16, 2021) – Comptro...

Maryland General Assembly Passes $1B Pandemic Relief Measure

The Maryland General Assembly passed a pandemic relief measure on Friday that will deliver more than $1 billion in tax relief ...

E. Cohen Raises $25,000 to Help Combat Food Insecurity in Montgomery County

ROCKVILLE, MD, January 21, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockvil...

Biden announces $1.9 trillion ‘American Rescue Plan’

On January 14, President-elect Biden announced a $1.9 trillion “American Rescue Plan,” the first step in a two-step plan o...

Is A Roth IRA Conversion Right For You This Year?

The COVID-19 pandemic has been causing havoc in the global markets and the U.S. economy. In these uncertain times, it’s impo...

5 Tips for Safe Intrafamily Loans

If a relative needs financial help, offering an intrafamily loan might seem like a good idea. But if not properly executed, su...

PPP Loan Expenses Deductible At Last

Late yesterday, both houses of Congress passed The Consolidated Appropriations Act, 2021 to fund the federal government throug...

The Ins and Outs of the Easing of Loss Limitation Rules

To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid...

How to Avoid Tax Scams

Scam artists seem to come out of the woodwork when there’s money involved — and taxes are no exception. Fortunately, if yo...

Rolling Over Capital Gains Into a Qualified Opportunity Fund

If you’re selling a business interest, real estate or other highly appreciated property, you could get hit with a substantia...

The Proper Care and Feeding of Your S Corporation

Diligence required to avoid inadvertent termination and loss of tax benefits
The S corporation continues to be a popular...

Gig Workers, Know Your Tax Responsibilities

Let’s say you drive for a ride-sharing app, deliver groceries ordered online or perform freelance home repairs booked via a ...

“Small” Is Bigger Than Ever

Is your business eligible for expanded tax benefits?
Small businesses enjoy several tax advantages that may allow them t...

Relaxed Limit on Business Interest Deductions

To provide tax relief to businesses suffering during the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security...

When 15-Year Depreciation for QIP Might Be Better than 100% Bonus Depreciation

Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improve...

IRS Releases Updated Taxation Guidance for PPP Loan Forgiveness

As was widely reported back in May, the Internal Revenue Service (IRS) issued Notice 2020-32, in which it determined that 2020...

Tax Planning Guide: Year-Round Strategies To Make The Tax Laws Work For You

Earlier this month, E. Cohen released the 2020-2021 tax guide, which serves as a comprehensive overview of the tax law changes...

IRS Issues Notice Regarding State Tax Deduction Workarounds

On November 9, 2020, the Internal Revenue Service (IRS) issued Notice 2020-75 announcing that it will issue proposed regulatio...

Year-End Estate Planning

As the 2020 Election approaches, a renewed focus has been placed on the importance of reviewing estate and gift plans prior to...

Maryland Governor Announces Additional Funding for COVID-19 Relief for Small Businesses

On October 22, 2020, Maryland Governor Larry Hogan announced the launch of the “Maryland Strong: Economic Recovery Initiativ...

Work From Home or Work From Anywhere: What Are The Payroll & Compliance Implications?

So your simple office environment has been thrown into total disarray by COVID-19…welcome to the club.
As offices clos...

Assessing Fraud Risk

One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, respondin...

Payroll Tax Deferral – A Detailed Look at the “Payroll Tax Holiday”

On August 8, 2020, the President of the United States issued presidential memoranda on deferring payroll tax obligations in l...

IRS: Deadline to Return Distributions to Retirement Accounts is August 31

The Internal Revenue Service has issued a reminder to IRA owners, beneficiaries, or workplace retirement plan participants who...

Here’s What Taxpayers Need to Know About the Home Office Deduction

The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people wo...

New Guidance on Maryland Conformity with CARES Act

In 2017, the Tax Cuts and Jobs Act (TCJA) made significant changes to the country’s tax laws, including the implementation o...

E. Cohen Recognized as One of Accounting Today’s 2020 Best Accounting Firms to Work For

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Md., was named as one of Account...

Reopening Expense Assistance for Montgomery County Businesses and Non-Profits

On July 7, the Montgomery County Council approved a special appropriation of $14 million to create the Reopen Montgomery Busin...

Maryland Now Has A Workaround for the State Tax Deduction Cap

As 2020 passed the halfway mark, a new law took effect in Maryland that allows owners of pass-through entities (PTEs)—such a...

The Supreme Court Will Decide the Fate of the Affordable Care Act — Again

Along with many other interested parties, we have been watching and waiting to see what happens in a Supreme Court Case which ...

New Maryland Employer Tool for Updating Return to Work Dates and Reporting Job Refusals

Governor Larry Hogan recently announced the next round of safe and phased reopenings in conjunction with stage two of the ‘M...

IRS Provides More Time for Tax-Free Rollover of 2020 RMDs

The Coronavirus Aid, Relief, and Economic Security (CARES) Act waived 2020 Minimum Required Distributions (RMD) from both Indi...

Senate Passes House Bill H.R. 7010 – PPP Borrowers Breathe A Great Sigh Of Relief

In an article for Forbes, Alan Gassman outlined the measures laid out in House Bill H.R. 7010 to ease the rules governing PPP ...

Opportunistic Roth IRA Conversions

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...

FASB delays revenue recognition effective date for private companies

The Financial Accounting Standards Board (FASB) voted on May 20 to extend the effective date of the revenue recognition standa...

SBA Releases Forgiveness Application Answering Many Lingering Questions

On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness A...

Accelerating Losses from COVID-19 to Increase Immediate Cash Flow

For businesses experiencing financial loss due to the current COVID-19 crisis, there may be a need to increase cash flow in th...

The CARES Act Makes Qualified Improvement Property Eligible for More Rapid Write-off

With the recently enacted CARES Act, Congress has finally corrected a drafting error they made when they passed the Tax Cuts a...

Updates to Charitable Giving Under New Tax Laws

In December 2019 Congress passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), and in Ma...

Congress Passes Additional Stimulus Relief Package

Tuesday evening, the Senate passed a $484 billion coronavirus relief package aimed at the public health and economic crises co...

Government Contractors Should Be Cautious About PPP Loan Forgiveness

Federal government prime contractors and subcontractors who 1) have cost-plus contracts, and 2) have applied for (or received)...

IRS extends more tax deadlines covering individuals, trusts, estates corporations, and others

To help taxpayers, the Department of Treasury and the Internal Revenue Service announced yesterday that it intends to extend a...

RER COVID-19 Policy Update and Roundtable Initiatives

Federal policies addressing the economic consequences of the COVID-19 pandemic continue to evolve rapidly. The Real Estate R...

Families First Coronavirus Response Act (FFCRA) Whitepaper

On April 1, 2020, the U.S. Department of Labor announced new action regarding how American employers and employees will benefi...

Payroll Protection Program (PPP) Could Bring Much Needed Relief

The COVID-19, Relief, and Economic Security Act (CARES) makes $350 billion in paycheck protection loans available to small b...

Federal Tax-Related Actions Taken Against COVID-19

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 Approves COVID-19 Stimulus Package
Congress overwhelmingly passed the largest rescue package in American histor...

Federal and State Government Updated Due Dates and Payment Dates

The Federal Government Moves Tax Day to July 15
On March 20, 2020, the IRS and Treasury extended the tax filing and paym...

IRS Provides Guidance on the Families First Coronavirus Response Act

The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small an...

Senators Recommend Tax Policies for Phase 3 Coronavirus Response

Senate Majority Leader Mitch McConnell introduced emergency stimulus legislation last week to address the economic fallout fro...

E. Cohen Appoints Stephen White to Lead Firm Operations and Growth

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, MD, announced that it has appoin...

E. Cohen Principals and Dignitaries Preside Over Ribbon Cutting Ceremony

E. Cohen is grateful for the support of our community, clients and employees. Special thanks to Dignitaries: City of Rockville...

E. Cohen Launches National Tax Office Services Offering

E. Cohen now offers a full suite of National Tax Office Services to other tax professionals.
Our professionals work hand...

Real Estate Tax Planning: Business Interest Expense Deduction

Under the TCJA, interest paid or accrued by a business is deductible up to 30% of “adjusted taxable income.” Taxpayers (ot...

Real Estate Tax Planning: Tax Deferral Strategies

It’s possible to divest yourself of appreciated investment real estate but defer the tax liability. Such strategies may even...

Real Estate Tax Planning: Depreciation-related Breaks

Three valuable depreciation-related breaks may be available to real estate investors:
1. Bonus depreciation
This a...

Real Estate Tax Planning: Activity Rules

Income and losses from investment real estate or rental property are passive by definition—unless you’re a real estate pro...

Wishing You the Joys of the Season from Everyone at E. Cohen

We Are Thankful for Your Trust and
Look Forward to Serving You in the Future.
We Are Growing to Better Serve You!<...

E. Cohen Listed Among America’s Top Recommended Tax And Accounting Firms –Forbes

Forbes has partnered with market research company Statista to create a list of the most recommended firms for tax and accounti...

We Are Growing to Better Serve You

E. Cohen is excited to announce that our firm is expanding our office space to accommodate our continued growth and new busine...

Jessica Bragdon, CPA Earns Advanced Defined Contribution Plans Audit Certificate

Jessica Bragdon is an Assurance Manager at E. Cohen. In November 2019, she passed the rigorous Advanced Defined Contribution P...

E. Cohen Accepting Donations for Montgomery County Animal Services

The Community Outreach Committee at E. Cohen has selected the Montgomery County Animal Services and Outreach Center as our cur...

E. Cohen Named as the #1 Best Firm for Women in the U.S. by Accounting Today

Each year, Accounting Today, the accounting industry’s leading publication, recognizes the 100 Best Firms to Work For in the...

Assessing Fraud Risk in Nonprofit Organizations

One question that we frequently ask nonprofit organizations is, “What processes are in place for identifying, responding to,...

Changing Landscape of 401(k) & 403(b) Hardship Distribution Rules

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...

Accounting Today Announces Annual Rankings of Top Accounting Firms

Each year, Accounting Today and Best Companies Group select the Best Accounting Firms to Work For. E. Cohen is ranked 19 in th...

Evaluating and Selecting Accounting Systems for Government Contractors

One question that we frequently receive from companies operating in the government contracting arena is what accounting system...

Alex Brager and Shirley Collier Discuss How to Grow Your Business in the Federal Marketplace

(Replay of Full Video Posted Below) from Tuesday, September 10th 12:30–1:00 pm ET. (Complimentary Online Interactive Discuss...

Eric Cohen Named as One of the Top Ten 2019 Managing Partner Elite by Accounting Today

Eric Cohen, CPA
Maryland-based public accounting firm owner recognized for his innovation, leadership, firm culture and ...

Download Our 2019-2020 Tax Planning Guide

Year-round strategies to make the tax laws work for you.

Last year, most of the provisions of the massive Tax C...

It’s Never Too Early for Tax Planning

Benjamin Franklin once said “to fail to plan is to plan to fail.” This adage certainly applies to tax planning.
Alth...

E. Cohen Named as One of the 2019 “Best Accounting Firms to Work For”

E. Cohen & Company, CPAs has earned the distinction of being named one of the 2019 Accounting Today’s “Best Accountin...

Matthew Duvall is Featured Subject Matter Expert at USTC Nonprofit Presidential Forum Event

The Presidential Forum Roundtable Breakfast is by invitation only and is limited to only Association CFOs and COOs.
TOPI...

E. Cohen Provides Comfort Cases for Children Living in Foster Care

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...

Qualified Opportunity Funds: Latest Updates and Insights on Recent IRS Guidance


View our panel discussion with Venable LLP on Opportunity Zones and Qualified Opportunity Funds. Created by the Tax C...

Phillip Mills, CPA Earns Advanced Defined Contribution Plans Audit Certificate

Phillip Mills is an Assurance Manager at E. Cohen. In April 2019, he passed the rigorous Advanced Defined Contribution Plans A...

Get Your Business Ready for D.C. Paid Family Leave

Starting July 1, 2019, the District of Columbia will collect taxes from all private sector employers in the District to fund t...

Opportunity Zone Funds – What We Know at January 2019

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

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...

E. Cohen is an Official Montgomery County Toys for Tots Toy Collection Site

Do you remember what it was like waking up on Christmas morning all excited to find THAT one perfect toy under the Christmas t...

We Have A New Look!

E. Cohen and Company, CPAs, now known as E. Cohen, is excited to announce our new name, brand, and website.

The rebrand...

The Importance of Understanding Your Indirect Rate Multiplier

Contractors often must supply cost and pricing data in contract proposals. There are three basic components to such data: dire...

E. Cohen Named Among the 2018 Best Accounting Firms to Work For

E. Cohen has been named as one of the 2018 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partne...

Budgeting Indirect Costs: Government Contracting

Third in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
I...

Budgeting Direct Costs: Government Contracting

Second in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
...

The Importance of Budgeting: Government Contracting

First in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
On...

Getting Your Books in Order is Critical for a Smooth Due Diligence Process

With many baby boomers nearing retirement age, and strong demand for quality companies in the M&A market, many small and ...

Tax Issues for Business Owners – Travel and Transportation

This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...

Tax Issues for Business Owners – Depreciation of Fixed Assets

This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...

Should You Outsource Your Accounting Functions?

As your organization strives to use its resources as effectively as possible, you might at some point consider outsourcing the...

E. Cohen Campus

Blog
E. Cohen Insights

Timely, trustworthy, and reliable — we’ve got the expertise you need.

LATEST ARTICLE
DATE RANGE:

E. Cohen Again Recognized as One of the Top 300 Firms in the United States

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...

How to Determine Finance Versus Operating Leases

Since the Financial Accounting Standards Board set a new standard for lease accounting, organizations may need to reassess th...

Shop Maryland Tax-Free Week 2022 Set for August 14th through 20th

Shop Maryland Tax-Free Week will return August 14th through 20th, and Comptroller Peter Franchot wants consumers to take advan...

Tax Reminder: 2021 Tax Extension Filers Don’t Need To Wait Until October 17

While an estimated 19 million taxpayers who requested an extension for their 2021 federal tax returns have until mid-October t...

Tax Alert: More Than 3 Million Maryland State Tax Returns Processed

The Maryland Comptroller’s Office announced in a press release this week that the agency has already processed more than th...

Tax Alert: Maryland Business Personal Property Exemption Raised From $2,500 to $20,000

The Maryland State Department of Assessments and Taxation (SDAT) announced this week that that House Bill 268 — which raises...

Tax Reminder: Marylanders Have One Week Left to File by Extended July 15 Deadline

Maryland taxpayers have one week left to file and pay their state individual income taxes for tax year 2021, according to a pr...

Tax Alert: Virginia Announces One-Time Tax Rebate

The Virginia Department of Taxation recently announced a one-time tax rebate for certain qualifying taxpayers.
Not every...

What You Need to Know About the 2022 Compliance Supplement

All non-federal government agencies and nonprofit organizations that expend $750,000 or more in direct federal awards and fede...

Bipartisan Congressional Pressure Builds Over Stalled R&D Tax Break

Calls to restore a more generous tax break for companies’ research and development (R&D) spending have received a recen...

The Importance of Assessing Fraud Risk for Nonprofits

Those who work for nonprofits are frequently asked what processes they have in place for identifying, responding to, and monit...

Why Your Auditor Will Soon Ask Different Questions During the Auditing Process

Changes are on the horizon for financial statement audit engagements, which will prompt different questions from your auditor ...

What You Need to Know About the Strengthening American Cybersecurity Act

In the wake of the Russian military invasion of Ukraine, fear of cyberwarfare has risen among the American public, many of who...

Legislation Watch: Virginia Enacts PTE Tax SALT Workaround

Earlier this month, Virginia Gov. Glenn Youngkin signed into law a new Virginia tax allowing qualifying pass-through entities...

How SECURE 2.0 Might Impact Your Employee Benefit Plan

Changes may soon be coming to your 401(k).
The Securing a Strong Retirement Act of 2022 — also known as SECURE 2.0 —...

What the Recent Okta Compromise Could Mean for You and Your Business

Okta, a massively popular company which provides identity and access management (IAM) services to clients worldwide, was recen...

E. Cohen Recognized as a Top Metro-Area Accounting Firm by the Washington Business Journal

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...

E. Cohen Recognized as One of Accounting Today’s Regional Leaders

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...

Attention Plan Sponsors: Expect Changes to Your Upcoming 401k Audit Due to SAS 136

There is a new auditing standard that will soon impact upcoming employee benefit plan audits for periods ending on or after De...

Legislation Watch: Virginia Taxes to Conform to Federal Code

Virginia Governor Glenn Youngkin recently signed legislation conforming the state’s tax code to the 2021 Internal Revenue Co...

Legislation Watch: Maryland Lawmakers Considering Bill to Penalize Energy Standard Non-Compliance

The Maryland General Assembly is considering a bill authorizing local governments to penalize building owners for failing to m...

The Basics of Cryptocurrency and Taxes

Cryptocurrency is becoming more mainstream, but the associated tax implications can be confusing.
With no generally acce...

User Beware: New QuickBooks Payment Scams Target SMBs

Small and midsized businesses (SMBs) that use Intuit’s popular QuickBooks program should be aware of an upward trend in busi...

IRS Suspends Several Automated Collection Notices

The IRS recently announced the suspension of more than a dozen automated collection taxpayer notices, including collection not...

D.C. and Data Breaches: What You Need to Know

The ubiquity of concerted campaigns through phishing and various other methods of malware deployment have led to individuals, ...

The Dangers of Consent Phishing

Cyber incidents often rely on human engagement to enable malware. Despite deploying security controls on the user’s account,...

DeVan & Lowery, PA Has Merged Into E. Cohen and Company, CPAs

ROCKVILLE, MD, Feb. 2, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville, ...

Some Parents Can Get Extra Credit!

The COVID-19 pandemic caused a great deal of disruption in everyone’s lives. While the ensuing health and economic impacts h...

What to Know About the New Lease Accounting Standard ASC 842

After several delays by the Financial Accounting Standards Board (FASB), the new lease accounting standard has finally taken e...

Do I Pass Through Door Number 1 or Door Number 2?

As a general rule of thumb, people look down on the idea of double-dipping. The term suggests that a person or an organization...

Maryland Extends 2021 State Individual Income Tax Filing, Payment Deadline to July 15

(Jan. 19, 2022) — Maryland taxpayers will now have until July 15, 2022 to file and pay their individual 2021 state income t...

E. Cohen Announces Two Promotions to Principal

Rockville, MD, (Jan. 17, 2022) – E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockvi...

E. Cohen Raises Nearly $25,000 to Combat Food Insecurity in Montgomery County

ROCKVILLE, MD, Jan. 14, 2022 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville,...

Maryland to Eliminate SDAT’s Annual $300 Business Fee

(Jan. 13, 2022) On Jan. 11, Maryland Gov. Larry Hogan announced legislation that would eliminate the filing fee for businesses...

Maryland Program to Require Certain Employers to Provide an Employee Retirement Plan Option

Starting this summer, employers in Maryland with automatic payroll systems will be required to offer a retirement plan or sign...

IRS Requires Payment Apps to Report Earnings Exceeding $600

Starting this year, annual business earnings exceeding $600 paid through apps like Venmo, PayPal, Zelle, or Cash App must be r...

Self-Employed Individuals Can Claim COVID-19 Sick and Family Leave Tax Credits

The Families First Coronavirus Response Act (FFCRA) entitles employers to payroll tax credits to cover the cost of leave for t...

What The Accounting Industry Staffing Shortage May Mean For You

Like other professions, the accounting industry is currently facing a shortage of qualified personnel, leaving many firms unde...

Worker Classification Is Still Important

In 2020 and 2021, many companies have experienced “workforce fluctuations.” If your business has engaged independent contr...

Self-Employed Tax Deferral Payments Due Dec. 31

(Dec. 17, 2021) — Certain self-employed taxpayers who took advantage of COVID-19 relief measures for Social Security taxes d...

Rental Real Estate: Determining if a Property is a Business or an Investment

If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on yo...

Working Remotely From “Out Of State” Can Be Taxing

The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential conse...

E. Cohen Listed Among America’s Best Tax and Accounting Firms — Forbes

(Dec. 7, 2021) — E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has...

Oops, You Overfunded Your 529 Plan

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...

Here’s How the Build Back Better Act May Impact Your Taxes

(Nov. 29, 2021) — Numerous tax provision changes affecting individuals, estates, and corporations were included in the versi...

5 Tax Planning Tips for Retirees

There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax plannin...

Tax Alert: House of Representatives Votes to Raise SALT Deduction Cap

(Nov. 22, 2021) On Friday, the House of Representatives voted 220-213 to pass President Joe Biden’s Build Back Better infras...

When can you deduct business-related meals . . . and how much can you deduct?

The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or in...

The Problem with Ransomware

Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to indi...

R&D Credit Changes Mean Major Impact on the Deductibility of Payroll Costs

Barring swift action from Congress, capitalization rules will be applied to research and development (R&D) costs beginnin...

IRS Announces 2022 Tax Inflation Adjustments

On Wednesday, the Internal Revenue Service (IRS) announced the 2022 tax year annual inflation adjustments. Dozens of tax provi...

Are you liable for “nanny taxes”?

If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care worker...

E. Cohen Renews Efforts to Combat Food Insecurity in Montgomery County

ROCKVILLE, MD, November 12, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockv...

How To Keep Your Business Safe from Ransomware Attacks

The devastating impacts that a ransomware incident can have on a company range from minor inconveniences­, such as interrupti...

Employee Retention Credit Eligibility Ends Early

The employee retention credit (ERC) will be terminated a quarter early as part of the recently passed Infrastructure Investmen...

COVID-19 Vaccine Mandate 2.0 — What You Need to Know

(Nov. 8, 2021) — Just a day after officially taking effect, one of two new COVID-19 vaccine mandates issued by President Joe...

A Cost Segregation Study is One Way to Boost Cash Flow

If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accel...

2021-2022 Tax Planning Guide: Year-Round Strategies To Make The Tax Laws Work For You

This month, E. Cohen released the 2021-2022 tax guide, which serves as a comprehensive overview of some of the most significan...

New DC law would raise income tax on high-wage earners as early as next year if passed by Congress

Earlier this year, the District of Columbia Council approved the Fiscal Year 2022 Budget Act (B24-0285) which would increase i...

Lowdown on Federal Tax Proposals for Individuals and Businesses

The U.S. Department of Treasury released its “Green Book” in May entitled, “General Explanation of the Biden administrat...

Still Waiting for Your Tax Refund?

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 Extends Tax Relief to Businesses Statewide in Wake of Tornadoes, Flash Floods

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 Franchot Urges Marylanders to Apply for Tax Credit

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.

What Taxpayers and Business Owners Should Know About Solar Tax Credits

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.

Is Your Business Vulnerable to a Ransomware Attack?

According to Cybercrime Magazine and Cybersecurity Ventures, global ransomware will cost the world nearly USD $20 billion in ...

IRS Updates Online Account System, Allowing Taxpayers to Grant Digital Authorization to Tax Representatives

The IRS’ Online Account system provides taxpayers who have registered accounts not only with the ability to make payments on...

E. Cohen Recognized for the 12th Time as One of Accounting Today’s 2021 Best Accounting Firms to Work For

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named as one ...

E. Cohen Recognized as One of the Top 300 Firms in the United States

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, has been named by INSI...

Maryland Releases New Form 511 And Extends Pass-Through Entities’ Deadline to September 15th

The long-awaited Maryland Form 511 has finally arrived. On June 29th, the Maryland Comptroller released the Pass-Through Entit...

Second Bite Podcast: Improving Your EBITDA with Don Keninitz of E. Cohen (Part 1)

In this episode of the Second Bite Podcast, Potomac Business Capital M&A Advisor Todd Taskey talks with E. Cohen Principa...

How The Employment Retention Credit (ERC) Can Help Government Contractors

When COVID-19 hit and offices closed, Congress mobilized and passed the Coronavirus Aid, Relief, and Economic Security (CARES)...

District of Columbia Individual Income and Franchise Tax Extended Until May 17, 2021

The District of Columbia has extended the deadline to file and pay all income tax returns until May 17, 2021. This extension a...

BREAKING NEWS: The IRS Extends Income Tax Filing Deadline to May 17th

The Treasury Department and Internal Revenue Service announced yesterday that the federal income tax filing due date for indiv...

House votes to extend PPP deadline until May 31

The House voted to provide an extra two months for the Paycheck Protection Program, giving businesses until May 31 to apply fo...

Franchot Extends State Income Tax Filing Deadline to July 15

State, federal pandemic relief programs require extensive changes to tax forms; all updates anticipated by April 15
ANNA...

Franchot Announces Processing of RELIEF Act Payments Has Begun

Within days, 98 percent of individual stimulus payments will be processed
ANNAPOLIS, Md. (February 16, 2021) – Comptro...

Maryland General Assembly Passes $1B Pandemic Relief Measure

The Maryland General Assembly passed a pandemic relief measure on Friday that will deliver more than $1 billion in tax relief ...

E. Cohen Raises $25,000 to Help Combat Food Insecurity in Montgomery County

ROCKVILLE, MD, January 21, 2021 — E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockvil...

Biden announces $1.9 trillion ‘American Rescue Plan’

On January 14, President-elect Biden announced a $1.9 trillion “American Rescue Plan,” the first step in a two-step plan o...

Is A Roth IRA Conversion Right For You This Year?

The COVID-19 pandemic has been causing havoc in the global markets and the U.S. economy. In these uncertain times, it’s impo...

5 Tips for Safe Intrafamily Loans

If a relative needs financial help, offering an intrafamily loan might seem like a good idea. But if not properly executed, su...

PPP Loan Expenses Deductible At Last

Late yesterday, both houses of Congress passed The Consolidated Appropriations Act, 2021 to fund the federal government throug...

The Ins and Outs of the Easing of Loss Limitation Rules

To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid...

How to Avoid Tax Scams

Scam artists seem to come out of the woodwork when there’s money involved — and taxes are no exception. Fortunately, if yo...

Rolling Over Capital Gains Into a Qualified Opportunity Fund

If you’re selling a business interest, real estate or other highly appreciated property, you could get hit with a substantia...

The Proper Care and Feeding of Your S Corporation

Diligence required to avoid inadvertent termination and loss of tax benefits
The S corporation continues to be a popular...

Gig Workers, Know Your Tax Responsibilities

Let’s say you drive for a ride-sharing app, deliver groceries ordered online or perform freelance home repairs booked via a ...

“Small” Is Bigger Than Ever

Is your business eligible for expanded tax benefits?
Small businesses enjoy several tax advantages that may allow them t...

Relaxed Limit on Business Interest Deductions

To provide tax relief to businesses suffering during the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security...

When 15-Year Depreciation for QIP Might Be Better than 100% Bonus Depreciation

Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improve...

IRS Releases Updated Taxation Guidance for PPP Loan Forgiveness

As was widely reported back in May, the Internal Revenue Service (IRS) issued Notice 2020-32, in which it determined that 2020...

Tax Planning Guide: Year-Round Strategies To Make The Tax Laws Work For You

Earlier this month, E. Cohen released the 2020-2021 tax guide, which serves as a comprehensive overview of the tax law changes...

IRS Issues Notice Regarding State Tax Deduction Workarounds

On November 9, 2020, the Internal Revenue Service (IRS) issued Notice 2020-75 announcing that it will issue proposed regulatio...

Year-End Estate Planning

As the 2020 Election approaches, a renewed focus has been placed on the importance of reviewing estate and gift plans prior to...

Maryland Governor Announces Additional Funding for COVID-19 Relief for Small Businesses

On October 22, 2020, Maryland Governor Larry Hogan announced the launch of the “Maryland Strong: Economic Recovery Initiativ...

Work From Home or Work From Anywhere: What Are The Payroll & Compliance Implications?

So your simple office environment has been thrown into total disarray by COVID-19…welcome to the club.
As offices clos...

Assessing Fraud Risk

One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, respondin...

Payroll Tax Deferral – A Detailed Look at the “Payroll Tax Holiday”

On August 8, 2020, the President of the United States issued presidential memoranda on deferring payroll tax obligations in l...

IRS: Deadline to Return Distributions to Retirement Accounts is August 31

The Internal Revenue Service has issued a reminder to IRA owners, beneficiaries, or workplace retirement plan participants who...

Here’s What Taxpayers Need to Know About the Home Office Deduction

The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people wo...

New Guidance on Maryland Conformity with CARES Act

In 2017, the Tax Cuts and Jobs Act (TCJA) made significant changes to the country’s tax laws, including the implementation o...

E. Cohen Recognized as One of Accounting Today’s 2020 Best Accounting Firms to Work For

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Md., was named as one of Account...

Reopening Expense Assistance for Montgomery County Businesses and Non-Profits

On July 7, the Montgomery County Council approved a special appropriation of $14 million to create the Reopen Montgomery Busin...

Maryland Now Has A Workaround for the State Tax Deduction Cap

As 2020 passed the halfway mark, a new law took effect in Maryland that allows owners of pass-through entities (PTEs)—such a...

The Supreme Court Will Decide the Fate of the Affordable Care Act — Again

Along with many other interested parties, we have been watching and waiting to see what happens in a Supreme Court Case which ...

New Maryland Employer Tool for Updating Return to Work Dates and Reporting Job Refusals

Governor Larry Hogan recently announced the next round of safe and phased reopenings in conjunction with stage two of the ‘M...

IRS Provides More Time for Tax-Free Rollover of 2020 RMDs

The Coronavirus Aid, Relief, and Economic Security (CARES) Act waived 2020 Minimum Required Distributions (RMD) from both Indi...

Senate Passes House Bill H.R. 7010 – PPP Borrowers Breathe A Great Sigh Of Relief

In an article for Forbes, Alan Gassman outlined the measures laid out in House Bill H.R. 7010 to ease the rules governing PPP ...

Opportunistic Roth IRA Conversions

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...

FASB delays revenue recognition effective date for private companies

The Financial Accounting Standards Board (FASB) voted on May 20 to extend the effective date of the revenue recognition standa...

SBA Releases Forgiveness Application Answering Many Lingering Questions

On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness A...

Accelerating Losses from COVID-19 to Increase Immediate Cash Flow

For businesses experiencing financial loss due to the current COVID-19 crisis, there may be a need to increase cash flow in th...

The CARES Act Makes Qualified Improvement Property Eligible for More Rapid Write-off

With the recently enacted CARES Act, Congress has finally corrected a drafting error they made when they passed the Tax Cuts a...

Updates to Charitable Giving Under New Tax Laws

In December 2019 Congress passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), and in Ma...

Congress Passes Additional Stimulus Relief Package

Tuesday evening, the Senate passed a $484 billion coronavirus relief package aimed at the public health and economic crises co...

Government Contractors Should Be Cautious About PPP Loan Forgiveness

Federal government prime contractors and subcontractors who 1) have cost-plus contracts, and 2) have applied for (or received)...

IRS extends more tax deadlines covering individuals, trusts, estates corporations, and others

To help taxpayers, the Department of Treasury and the Internal Revenue Service announced yesterday that it intends to extend a...

RER COVID-19 Policy Update and Roundtable Initiatives

Federal policies addressing the economic consequences of the COVID-19 pandemic continue to evolve rapidly. The Real Estate R...

Families First Coronavirus Response Act (FFCRA) Whitepaper

On April 1, 2020, the U.S. Department of Labor announced new action regarding how American employers and employees will benefi...

Payroll Protection Program (PPP) Could Bring Much Needed Relief

The COVID-19, Relief, and Economic Security Act (CARES) makes $350 billion in paycheck protection loans available to small b...

Federal Tax-Related Actions Taken Against COVID-19

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 Approves COVID-19 Stimulus Package
Congress overwhelmingly passed the largest rescue package in American histor...

Federal and State Government Updated Due Dates and Payment Dates

The Federal Government Moves Tax Day to July 15
On March 20, 2020, the IRS and Treasury extended the tax filing and paym...

IRS Provides Guidance on the Families First Coronavirus Response Act

The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small an...

Senators Recommend Tax Policies for Phase 3 Coronavirus Response

Senate Majority Leader Mitch McConnell introduced emergency stimulus legislation last week to address the economic fallout fro...

E. Cohen Appoints Stephen White to Lead Firm Operations and Growth

E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, MD, announced that it has appoin...

E. Cohen Principals and Dignitaries Preside Over Ribbon Cutting Ceremony

E. Cohen is grateful for the support of our community, clients and employees. Special thanks to Dignitaries: City of Rockville...

E. Cohen Launches National Tax Office Services Offering

E. Cohen now offers a full suite of National Tax Office Services to other tax professionals.
Our professionals work hand...

Real Estate Tax Planning: Business Interest Expense Deduction

Under the TCJA, interest paid or accrued by a business is deductible up to 30% of “adjusted taxable income.” Taxpayers (ot...

Real Estate Tax Planning: Tax Deferral Strategies

It’s possible to divest yourself of appreciated investment real estate but defer the tax liability. Such strategies may even...

Real Estate Tax Planning: Depreciation-related Breaks

Three valuable depreciation-related breaks may be available to real estate investors:
1. Bonus depreciation
This a...

Real Estate Tax Planning: Activity Rules

Income and losses from investment real estate or rental property are passive by definition—unless you’re a real estate pro...

Wishing You the Joys of the Season from Everyone at E. Cohen

We Are Thankful for Your Trust and
Look Forward to Serving You in the Future.
We Are Growing to Better Serve You!<...

E. Cohen Listed Among America’s Top Recommended Tax And Accounting Firms –Forbes

Forbes has partnered with market research company Statista to create a list of the most recommended firms for tax and accounti...

We Are Growing to Better Serve You

E. Cohen is excited to announce that our firm is expanding our office space to accommodate our continued growth and new busine...

Jessica Bragdon, CPA Earns Advanced Defined Contribution Plans Audit Certificate

Jessica Bragdon is an Assurance Manager at E. Cohen. In November 2019, she passed the rigorous Advanced Defined Contribution P...

E. Cohen Accepting Donations for Montgomery County Animal Services

The Community Outreach Committee at E. Cohen has selected the Montgomery County Animal Services and Outreach Center as our cur...

E. Cohen Named as the #1 Best Firm for Women in the U.S. by Accounting Today

Each year, Accounting Today, the accounting industry’s leading publication, recognizes the 100 Best Firms to Work For in the...

Assessing Fraud Risk in Nonprofit Organizations

One question that we frequently ask nonprofit organizations is, “What processes are in place for identifying, responding to,...

Changing Landscape of 401(k) & 403(b) Hardship Distribution Rules

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...

Accounting Today Announces Annual Rankings of Top Accounting Firms

Each year, Accounting Today and Best Companies Group select the Best Accounting Firms to Work For. E. Cohen is ranked 19 in th...

Evaluating and Selecting Accounting Systems for Government Contractors

One question that we frequently receive from companies operating in the government contracting arena is what accounting system...

Alex Brager and Shirley Collier Discuss How to Grow Your Business in the Federal Marketplace

(Replay of Full Video Posted Below) from Tuesday, September 10th 12:30–1:00 pm ET. (Complimentary Online Interactive Discuss...

Eric Cohen Named as One of the Top Ten 2019 Managing Partner Elite by Accounting Today

Eric Cohen, CPA
Maryland-based public accounting firm owner recognized for his innovation, leadership, firm culture and ...

Download Our 2019-2020 Tax Planning Guide

Year-round strategies to make the tax laws work for you.

Last year, most of the provisions of the massive Tax C...

It’s Never Too Early for Tax Planning

Benjamin Franklin once said “to fail to plan is to plan to fail.” This adage certainly applies to tax planning.
Alth...

E. Cohen Named as One of the 2019 “Best Accounting Firms to Work For”

E. Cohen & Company, CPAs has earned the distinction of being named one of the 2019 Accounting Today’s “Best Accountin...

Matthew Duvall is Featured Subject Matter Expert at USTC Nonprofit Presidential Forum Event

The Presidential Forum Roundtable Breakfast is by invitation only and is limited to only Association CFOs and COOs.
TOPI...

E. Cohen Provides Comfort Cases for Children Living in Foster Care

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...

Qualified Opportunity Funds: Latest Updates and Insights on Recent IRS Guidance


View our panel discussion with Venable LLP on Opportunity Zones and Qualified Opportunity Funds. Created by the Tax C...

Phillip Mills, CPA Earns Advanced Defined Contribution Plans Audit Certificate

Phillip Mills is an Assurance Manager at E. Cohen. In April 2019, he passed the rigorous Advanced Defined Contribution Plans A...

Get Your Business Ready for D.C. Paid Family Leave

Starting July 1, 2019, the District of Columbia will collect taxes from all private sector employers in the District to fund t...

Opportunity Zone Funds – What We Know at January 2019

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

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...

E. Cohen is an Official Montgomery County Toys for Tots Toy Collection Site

Do you remember what it was like waking up on Christmas morning all excited to find THAT one perfect toy under the Christmas t...

We Have A New Look!

E. Cohen and Company, CPAs, now known as E. Cohen, is excited to announce our new name, brand, and website.

The rebrand...

The Importance of Understanding Your Indirect Rate Multiplier

Contractors often must supply cost and pricing data in contract proposals. There are three basic components to such data: dire...

E. Cohen Named Among the 2018 Best Accounting Firms to Work For

E. Cohen has been named as one of the 2018 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partne...

Budgeting Indirect Costs: Government Contracting

Third in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
I...

Budgeting Direct Costs: Government Contracting

Second in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
...

The Importance of Budgeting: Government Contracting

First in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
On...

Getting Your Books in Order is Critical for a Smooth Due Diligence Process

With many baby boomers nearing retirement age, and strong demand for quality companies in the M&A market, many small and ...

Tax Issues for Business Owners – Travel and Transportation

This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...

Tax Issues for Business Owners – Depreciation of Fixed Assets

This is one installment in our series of articles for business owners. To access the other articles in the series, please clic...

Should You Outsource Your Accounting Functions?

As your organization strives to use its resources as effectively as possible, you might at some point consider outsourcing the...