October 2018 - Pinion

Commodity Fields: Weathering the Downturn

December 22, 2022October 25, 2018 by K·Coe Editorial

Reading Time: < 1 minute

As the 2018 season ends, growers, agronomists, and financial advisors start to analyze this year’s results in order to prepare budgets and plans for next season. Determining how much product will be needed next year is a crucial determination for farm operations, especially if you’re intending to use prepayments to …

Buying or Selling: What Happens to Your BOLI?

August 10, 2023October 24, 2018 by Sandy Sporleder

Reading Time: 2 minutes

Bank-owned life insurance (BOLI) has been a widely-used investment and employee benefit for community banks. But, what happens to this insurance in a bank sale? This has been a common question we’ve seen with bank mergers and acquisitions, and in some cases, has had a significant impact on how the …

Examiner Expectations with CECL

August 10, 2023October 24, 2018 by K·Coe Editorial

Reading Time: 2 minutes

The topic on everyone’s to-do list as of late has been to start thinking about the looming changes that will be here before we know it…the new Current and Expected Credit Losses (CECL) model for the allowance for loan & lease losses (ALLL). I recently attended the AICPA’s conference for …

Look Before You Leap on Tax Conversions

January 19, 2023October 18, 2018 by K·Coe Editorial

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The flashy headlines around the lower tax rates as part of the new tax code are not always cut-and-dry, and businesses need to take a deep-dive look at the long-term impact these tax conversions might have on their ability to minimize taxes. “We understand why at first glance a lower, …

Midyear Tax Checkup Pays Off for Manufacturers

Determining Sales & Use Tax – What Manufacturers Need to Know

January 24, 2023October 12, 2018 by Christy Norton

Reading Time: 2 minutes

Earlier this summer, the U.S. Supreme Court issued its opinion in South Dakota v. Wayfair, stating that a physical presence is no longer required to establish substantial nexus in the collection of sales and use tax. Now, it’s an “economic nexus” that establishes the need to collect sales tax. This …

Tax Update: Entertainment Deduction Clarified

January 23, 2023October 4, 2018 by K·Coe Editorial

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The most current information for 2021 meal and entertainment deduction for tax returns is available here. On October 3, the IRS issued a new guidance that will allow a deduction for 50% of meals while entertaining clients/customers. This decision was made following confusion over the wording in the tax law …

How Safe is Your Financial Data?

August 10, 2023October 3, 2018 by K·Coe Editorial

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Recent national cybercrime headlines: “Cybercriminals Obtain Employee Credentials to Conduct Payroll Diversion” “Business Email Compromises Business Data” “Increase in W-2 Phishing Campaigns” Imagine if you lost access to a year’s worth of financial information – accounting records, tax returns, audit trails – that could either never be fully recovered, or …

charitable giving tax reform minimization

How to Give ‘$mart’ from Your Heart

January 5, 2023October 1, 2018 by K·Coe Editorial

Reading Time: 2 minutes

As the 2017 tax reform has made extensive changes affecting your income tax returns in 2018, we wanted to take a moment to: explain how you can use a few of these changes to your advantage (we can help alleviate taxes…we love doing that!) provide some heartfelt, yet savvy, charitable …

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