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E. Cohen Campus

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E. Cohen Insights

E. Cohen provides an integrated suite of tax, assurance, and consulting services to individuals and a wide array of industries across the Mid-Atlantic region.

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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 planning is a thing of the past. That may be true for some...

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 infrastructure bill, which included a provision to raise ...

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 incurred after 2017. For example, you can no longer d...

The Problem with Ransomware

Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to individuals, corporations, and nation-states is occupyi...

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 beginning in January 2022. This means R&D and software...

IRS Announces 2022 Tax Inflation Adjustments

On Wednesday, the Internal Revenue Service (IRS) announced the 2022 tax year annual inflation adjustments. Dozens of tax provisions are covered in Revenue Procedure 2021-45, and...

Are you liable for “nanny taxes”?

If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to under...

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 Rockville, MD, announced that the firm is renewing its e...

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 interruption of services, to the potential inability for a bu...

Employee Retention Credit Eligibility Ends Early

The employee retention credit (ERC) will be terminated a quarter early as part of the recently passed Infrastructure Investment and Jobs Act.
The infrastructure legislatio...

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 Biden’s administration was temporarily blocked N...

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 accelerate depreciation deductions, reducing your taxes ...

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 significant tax law changes going into effect this year and o...

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 income tax on those with annual earnings greater tha...

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 administration’s Fiscal Year 2022 Revenue Proposals.” It c...

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 2021 and is projected to exceed USD $265 billion by...

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 online, but also to view their tax balance details by...

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 of Accounting Today’s 2021 Best Accounting Firms ...

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 INSIDE Public Accounting (IPA) as one of the Top 300 Fi...

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 Entity Election Income Tax Return—along with its instr...

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 Principal Don Keninitz, CPA about how accounting plays into...

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) Act. Included with an assortment of credits and...

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 applies to all D-20, D-30, D-40, Standalone Schedule...

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 individuals for the 2020 tax year will be automatically ...

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 for forgivable loans during the pandemic.
The H...

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
ANNAPOLIS, Md. (March 11, 2021) – Using statutory au...

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) – Comptroller Peter Franchot today joined with key agency pe...

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 and economic stimulus for low-income families and s...

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 Rockville, MD, announced that it raised $25,000 for the Gr...

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 of rescue and recovery “to build a bridge to the 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 important to stay on top of your financial status, incl...

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, such loans can carry negative tax consequences — su...

PPP Loan Expenses Deductible At Last

Late yesterday, both houses of Congress passed The Consolidated Appropriations Act, 2021 to fund the federal government through the end of its September fiscal year.
Inclu...

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, Relief, and Economic Security (CARES) Act eases t...

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 you familiarize yourself with common tax scams and un...

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 substantial capital gains tax bill. One way to soften the blo...

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 entity choice, combining the liability protection ...

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 mobile device. If you do one of these jobs or myria...

“Small” Is Bigger Than Ever

Is your business eligible for expanded tax benefits?
Small businesses enjoy several tax advantages that may allow them to reduce their tax bills, defer taxes and simplify ...

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 (CARES) Act temporarily relaxes the limitation on ...

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 improvement property (QIP). The correction is part of the ...

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 expenses which have been paid using Paycheck Prote...

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 that have gone into effect and other key tax provi...

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 regulations respecting state tax workarounds designed to avo...

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 year-end.
As part of the 2017 Tax Cuts and J...

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 Initiative,” which will secure $250 million in funding fro...

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 closed, stayed closed, and now slowly try to reopen (or...

Assessing Fraud Risk

One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most times, t...

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 light of the ongoing COVID-19 pandemic. Under certai...

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 received a Required Minimum Distribution (RMD) thi...

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 working from home than ever before, some taxpayers ma...

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 of many favorable tax cuts, as well as several statu...

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 Accounting Today’s 2020 Best Accounting Firms to Work Fo...

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 Business Assistance Program. The program will reimburse ...

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 as S-Corporations, partnerships, and LLCs—to poten...

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 is a challenge to the 2010 Affordable Care Act (ACA...

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 ‘Maryland Strong: Roadmap to Recovery’ plan.
...

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 Individual Retirement Accounts (IRAs) and qualified ret...

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 loan forgiveness. The Bill, which the Senate passed...

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 around the world are down, which may provide an opport...

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 standard for all nonpublic entities that have yet to issu...

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 Application which attempts to answer many of the lin...

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 the short term. One opportunity to increase immediate...

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 and Jobs Act (TCJA) at the end of 2017. Congress cle...

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 March of 2020, they made further changes by passing t...

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 converging from the pandemic. On Thursday, the House ...

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) a loan under the Payroll Protection Program (PPP) ...

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 additional key tax deadlines for individuals and bus...

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 Roundtable (RER) prepared and distributed an insight...

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 benefit from the protections and relief offered by the Em...

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 businesses, with individual businesses eligible for ...

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-medical but important matters related to the health cr...

Congress Approves COVID-19 Stimulus Package

Congress Approves COVID-19 Stimulus Package
Congress overwhelmingly passed the largest rescue package in American history to support the U.S. economy with approximately $2...

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 payment deadline to July 15, 2020 for all 2019 federal ...

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 and midsize employers can begin taking advantage of t...

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 from the coronavirus outbreak, the third phase of the ...

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 appointed Stephen White Director of Firm Operations and G...

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 Mayor Bridget Donnell Newton; Marji Graf, Presiden...

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-in-hand with other tax firms to become a results-o...

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 (other than tax shelters) with average annual gross re...

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 help you keep your income low enough to avoid trig...

Real Estate Tax Planning: Depreciation-related Breaks

Three valuable depreciation-related breaks may be available to real estate investors:
1. Bonus depreciation
This additional first-year depreciation is available for ...

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 professional. Why is this important? Passive activity ...

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!
Please note that we moved to Suite 400 in the...

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 accounting services in the U.S.
This December 2019, E...

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 business activity. In December 2019, we are moving into 2...

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 Plans Audit exam via the AICPA. This certificate req...

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 current community service project. Our focus is on c...

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 U.S. — and then picks the 10 Best Firms for Wome...

Assessing Fraud Risk in Nonprofit Organizations

One question that we frequently ask nonprofit organizations is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most of the time, t...

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 one of these plans? Do you want your plan to be 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 the best midsize firms in the U.S. (firms from 50-249...

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 do we recommend? The accounting and finance functi...

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 Discussion). Don’t miss this important interdisciplinary...

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 growth.
ROCKVILLE, MD: Eric Cohen, Founder an...

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 Cuts and Jobs Act (TCJA) went into effect. They incl...

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.
Although the Tax Cuts and Jobs Act of 2017 (TCJA) elimi...

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 Accounting Firms to Work for!” Everyone at our firm is ver...

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.
TOPIC/COURSE DESCRIPTION: Association CFOs / COOs: Effe...

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 system. The case provides the essentials for the first...

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 Cut and Jobs Act of 2017, Opportunity Zones and Qual...

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 Audit exam via the AICPA. This certificate require...

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 the Paid Family Leave (PFL) benefit. Employers must ...

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 abuzz with discussion of the huge tax benefits tha...

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 Analysis of Firms.
IPA 400 firms are ranked by ...

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 tree that you just wanted for so long…… Remember...

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 rebranding process has taken place over several months wit...

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: direct costs; indirect costs; and expected profit. Whil...

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 partnered with Best Companies Group to identify companies...

Budgeting Indirect Costs: Government Contracting

Third in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
In previous articles we covered the importance of de...

Budgeting Direct Costs: Government Contracting

Second in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
In our previous issue we discussed the importance o...

The Importance of Budgeting: Government Contracting

First in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
One of the most overlooked considerations in the mana...

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 mid-sized business owners are preparing for their p...

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 click on the following links:
Tax Issues for Busi...

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 click on the following links:
Tax Issues for Busi...

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 functions that fall under your accounting and fina...

E. Cohen Campus

Blog
E. Cohen Insights

E. Cohen provides an integrated suite of tax, assurance, and consulting services to individuals and a wide array of industries across the Mid-Atlantic region.

LATEST ARTICLE
DATE RANGE:

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 planning is a thing of the past. That may be true for some...

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 infrastructure bill, which included a provision to raise ...

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 incurred after 2017. For example, you can no longer d...

The Problem with Ransomware

Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to individuals, corporations, and nation-states is occupyi...

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 beginning in January 2022. This means R&D and software...

IRS Announces 2022 Tax Inflation Adjustments

On Wednesday, the Internal Revenue Service (IRS) announced the 2022 tax year annual inflation adjustments. Dozens of tax provisions are covered in Revenue Procedure 2021-45, and...

Are you liable for “nanny taxes”?

If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to under...

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 Rockville, MD, announced that the firm is renewing its e...

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 interruption of services, to the potential inability for a bu...

Employee Retention Credit Eligibility Ends Early

The employee retention credit (ERC) will be terminated a quarter early as part of the recently passed Infrastructure Investment and Jobs Act.
The infrastructure legislatio...

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 Biden’s administration was temporarily blocked N...

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 accelerate depreciation deductions, reducing your taxes ...

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 significant tax law changes going into effect this year and o...

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 income tax on those with annual earnings greater tha...

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 administration’s Fiscal Year 2022 Revenue Proposals.” It c...

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 2021 and is projected to exceed USD $265 billion by...

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 online, but also to view their tax balance details by...

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 of Accounting Today’s 2021 Best Accounting Firms ...

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 INSIDE Public Accounting (IPA) as one of the Top 300 Fi...

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 Entity Election Income Tax Return—along with its instr...

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 Principal Don Keninitz, CPA about how accounting plays into...

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) Act. Included with an assortment of credits and...

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 applies to all D-20, D-30, D-40, Standalone Schedule...

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 individuals for the 2020 tax year will be automatically ...

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 for forgivable loans during the pandemic.
The H...

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
ANNAPOLIS, Md. (March 11, 2021) – Using statutory au...

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) – Comptroller Peter Franchot today joined with key agency pe...

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 and economic stimulus for low-income families and s...

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 Rockville, MD, announced that it raised $25,000 for the Gr...

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 of rescue and recovery “to build a bridge to the 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 important to stay on top of your financial status, incl...

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, such loans can carry negative tax consequences — su...

PPP Loan Expenses Deductible At Last

Late yesterday, both houses of Congress passed The Consolidated Appropriations Act, 2021 to fund the federal government through the end of its September fiscal year.
Inclu...

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, Relief, and Economic Security (CARES) Act eases t...

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 you familiarize yourself with common tax scams and un...

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 substantial capital gains tax bill. One way to soften the blo...

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 entity choice, combining the liability protection ...

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 mobile device. If you do one of these jobs or myria...

“Small” Is Bigger Than Ever

Is your business eligible for expanded tax benefits?
Small businesses enjoy several tax advantages that may allow them to reduce their tax bills, defer taxes and simplify ...

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 (CARES) Act temporarily relaxes the limitation on ...

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 improvement property (QIP). The correction is part of the ...

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 expenses which have been paid using Paycheck Prote...

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 that have gone into effect and other key tax provi...

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 regulations respecting state tax workarounds designed to avo...

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 year-end.
As part of the 2017 Tax Cuts and J...

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 Initiative,” which will secure $250 million in funding fro...

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 closed, stayed closed, and now slowly try to reopen (or...

Assessing Fraud Risk

One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most times, t...

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 light of the ongoing COVID-19 pandemic. Under certai...

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 received a Required Minimum Distribution (RMD) thi...

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 working from home than ever before, some taxpayers ma...

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 of many favorable tax cuts, as well as several statu...

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 Accounting Today’s 2020 Best Accounting Firms to Work Fo...

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 Business Assistance Program. The program will reimburse ...

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 as S-Corporations, partnerships, and LLCs—to poten...

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 is a challenge to the 2010 Affordable Care Act (ACA...

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 ‘Maryland Strong: Roadmap to Recovery’ plan.
...

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 Individual Retirement Accounts (IRAs) and qualified ret...

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 loan forgiveness. The Bill, which the Senate passed...

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 around the world are down, which may provide an opport...

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 standard for all nonpublic entities that have yet to issu...

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 Application which attempts to answer many of the lin...

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 the short term. One opportunity to increase immediate...

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 and Jobs Act (TCJA) at the end of 2017. Congress cle...

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 March of 2020, they made further changes by passing t...

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 converging from the pandemic. On Thursday, the House ...

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) a loan under the Payroll Protection Program (PPP) ...

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 additional key tax deadlines for individuals and bus...

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 Roundtable (RER) prepared and distributed an insight...

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 benefit from the protections and relief offered by the Em...

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 businesses, with individual businesses eligible for ...

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-medical but important matters related to the health cr...

Congress Approves COVID-19 Stimulus Package

Congress Approves COVID-19 Stimulus Package
Congress overwhelmingly passed the largest rescue package in American history to support the U.S. economy with approximately $2...

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 payment deadline to July 15, 2020 for all 2019 federal ...

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 and midsize employers can begin taking advantage of t...

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 from the coronavirus outbreak, the third phase of the ...

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 appointed Stephen White Director of Firm Operations and G...

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 Mayor Bridget Donnell Newton; Marji Graf, Presiden...

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-in-hand with other tax firms to become a results-o...

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 (other than tax shelters) with average annual gross re...

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 help you keep your income low enough to avoid trig...

Real Estate Tax Planning: Depreciation-related Breaks

Three valuable depreciation-related breaks may be available to real estate investors:
1. Bonus depreciation
This additional first-year depreciation is available for ...

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 professional. Why is this important? Passive activity ...

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!
Please note that we moved to Suite 400 in the...

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 accounting services in the U.S.
This December 2019, E...

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 business activity. In December 2019, we are moving into 2...

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 Plans Audit exam via the AICPA. This certificate req...

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 current community service project. Our focus is on c...

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 U.S. — and then picks the 10 Best Firms for Wome...

Assessing Fraud Risk in Nonprofit Organizations

One question that we frequently ask nonprofit organizations is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most of the time, t...

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 one of these plans? Do you want your plan to be 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 the best midsize firms in the U.S. (firms from 50-249...

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 do we recommend? The accounting and finance functi...

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 Discussion). Don’t miss this important interdisciplinary...

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 growth.
ROCKVILLE, MD: Eric Cohen, Founder an...

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 Cuts and Jobs Act (TCJA) went into effect. They incl...

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.
Although the Tax Cuts and Jobs Act of 2017 (TCJA) elimi...

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 Accounting Firms to Work for!” Everyone at our firm is ver...

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.
TOPIC/COURSE DESCRIPTION: Association CFOs / COOs: Effe...

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 system. The case provides the essentials for the first...

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 Cut and Jobs Act of 2017, Opportunity Zones and Qual...

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 Audit exam via the AICPA. This certificate require...

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 the Paid Family Leave (PFL) benefit. Employers must ...

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 abuzz with discussion of the huge tax benefits tha...

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 Analysis of Firms.
IPA 400 firms are ranked by ...

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 tree that you just wanted for so long…… Remember...

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 rebranding process has taken place over several months wit...

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: direct costs; indirect costs; and expected profit. Whil...

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 partnered with Best Companies Group to identify companies...

Budgeting Indirect Costs: Government Contracting

Third in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
In previous articles we covered the importance of de...

Budgeting Direct Costs: Government Contracting

Second in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
In our previous issue we discussed the importance o...

The Importance of Budgeting: Government Contracting

First in a series of three articles, “Budget Building Blocks,” Reprinted with permission by Donald Keninitz, CPA.
One of the most overlooked considerations in the mana...

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 mid-sized business owners are preparing for their p...

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 click on the following links:
Tax Issues for Busi...

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 click on the following links:
Tax Issues for Busi...

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 functions that fall under your accounting and fina...