E. Cohen and Company, CPAs delivers timely industry updates, news analysis, and expert commentary in our bi-weekly newsletters for General Business Entities, Government Contractors, Nonprofit Organizations and Real Estate Firms. Subscribe to Our Newsletters: General: Sign Up | Read District of Columbia Tax Rates Changes Take Effect Monday, October 1 Congress Introduces Bill to Phase In Online […]
For families living on the economic edge in Montgomery County, the cost of rent, food, utilities, AND school supplies and a backpack for each child in the family is just too much. The Interfaith Works Annual School Supplies Drive will provide new backpacks and school supplies to 3,000 students who want to start the school […]
E. Cohen and Company, CPAs was 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 that have excelled in creating quality workplaces for employees. This survey and awards program is designed to identify, recognize and honor the best employers […]
If you’re involved in commercial real estate, it’s essential you understand a wide variety of tax issues. Click through for an introduction to commercial real estate tax provisions, and how they may affect you.
The Financial Accounting Standards Board released an accounting standards update to clarify and improve the scope and accounting guidance for contributions of cash and other assets received and made by nonprofit organizations and businesses. Read more in our Nonprofit newsletter.
Join us for a series of webinars every Wednesday at 12 PM EST covering a variety of government contracting topics. On August 1, 2018, Don Keninitz presents DCAA Audits. Read more in our GovCon Consulting newsletter.
You never should wait until April to think about your taxes. Click through to learn all the ways year-round tax planning can save your business a lot of money. Sign up and read more in our newsletter.
Government Contractors that execute cost reimbursable contracts or other contracts that invoke the Allowable Cost and Payment Clause (FAR 52-216-7) are required to submit its Incurred Cost Proposal submission within six months after the the completion of the accounting year. For calendar year contractors the due date is June 30. If you have questions about this submission […]
The tax filing deadline has come and gone. If you didn’t file a tax return or an extension, but should have, you need to take action now. Here are some tips to help you: There is no penalty for filing a late return after the tax deadline if a refund is due. If you didn’t […]
Many students take a job in the summer after school lets out. If it’s your first job, it gives you a chance to learn about the working world. That includes taxes we pay to support the place we live, our state and our nation. Here are eight things you should know about taxes: Don’t be […]
Forming audit committees is becoming a more common practice in the nonprofit sector, offering an unbiased outlet to monitor the financial health of an organization. Audit committees ensure that the leadership team is effectively following internal and external auditing protocols, and that the organization’s financial reporting practices are objectively reviewed on a regular basis.
Fifteen members of Forbes Real Estate Council share some of the things real estate investors commonly overlook before closing on a property that can mean bad news down the road. Here’s what you can do differently.
One little-discussed change in the new tax law is the broad changes to code section 1031 and the impact it will have on your clients who own collectibles. While the changes in the rules for personal property under §1031 will limit many collectors, they don’t mean all sellers will now have to realize tax on sale.
Whether determining how financial resources are spent or raised, clarifying organizational priorities, or building leadership—in many ways, finance determines mission success and impact. The successful fulfillment of these roles—the Builder, Strategist, and Cultural Trendsetter—hinges on understanding the nonprofit’s needs, aspirations, and impact.
Out of 50 top government information technology contractors, 49 aren’t completely securing their email systems against spoofing and phishing attacks. Government contractors should shore up their defenses and adopt DMARC to protect their government clients, with whom they exchange email.
You’ve opened the mail and your heart sinks. Your business just received an audit notification from the IRS. Click through to learn how to keep your cool and prepare for what happens next.
Have you thought about the insurance your small business might need? Whether it’s a one-person outfit you run out of your home or a family corporation with dozens of employees, you need to protect yourself and your company. Review the following list to see what might apply to you. General liability insurance — Even for home-based […]
A deferred annuity is a contract between you and a life insurance company. Funds are exchanged for a promise to provide a competitive rate of interest with a minimum interest rate guarantee while guaranteeing the principal investment as well. The benefit payments don’t start until perhaps 10 or 20 years down the road. The longer […]
All mergers are different, and at times the end goal of setting up a new company that results from the merger is front and center in one’s mind. Joy and pure excitement come at closing the deal, but if this is a family business, a mixed bag of emotions follows fast. You may have grown […]
If you’re self-employed or have income other than a salary, you may need to pay estimated taxes to square your tax bill. Click through to see whether you need to make estimated tax payments every quarter.