January 2019 - Pinion

How Final Rules for Section 199A Impact Banks

August 10, 2023January 31, 2019 by Sandy Sporleder

Reading Time: 4 minutes

On January 18, the U.S. Treasury released its much anticipated final Section 199A regulations of the Tax Cuts and Jobs Act (TCJA), which allows shareholders of Subchapter S banks to take a 20 percent deduction on “qualified business income.” The final rule is better than the proposed rule released in …

Making Ag Board Meetings More Effective

January 19, 2023January 30, 2019 by Pinion Editorial

Reading Time: 3 minutes

Most agribusinesses participate in board meetings during the year to assess operations and make decisions about their business. Board meetings are an essential part of any agribusiness as their very purpose serves to maintain open lines of communication between owners and management. Communication that includes updates on the state of …

Weeding Out the Details of Banking an MRB

August 28, 2023January 30, 2019 by K·Coe Editorial

Reading Time: 5 minutes

We have received multiple questions regarding banking a Marijuana Related Business (MRB) and we know there are several articles out there on it already; however, we wanted to just weed through a few of the details for you. Let’s start with our perspective of an MRB. We suggest an MRB …

Caution & Potential Surrounding Common Ownership

How the Final 199A Regulations Impact Ag

January 5, 2023January 23, 2019 by Pinion Editorial

Reading Time: 2 minutes

Following the long-awaited “final” regulations released by the IRS late on Friday, January 18, some in the Ag industry appreciated the additional clarity, while others remained underwhelmed. The guidelines contained, as is customary, some complexities surrounding their applicability and effects. K·Coe Isom’s tax experts have been evaluating the finalized IRS …

New Opportunity Zone Tax Benefits Make an Attractive Investment

August 10, 2023January 21, 2019 by Pinion Editorial

Reading Time: 2 minutes

Established within the Tax Cuts and Jobs Act of 2017, the new Opportunity Zone legislation was created to develop economically-distressed communities across the United States by incentivizing long-term investments in these communities with tax benefits. The intention of the Opportunity Zone program overall is to stimulate economic development and job …

How Inventory Fraud is Impacting Dealerships

January 19, 2023January 18, 2019 by Pinion Editorial

Reading Time: 2 minutes

As a large portion of the dollar value assets of equipment dealers, inventory is often found to be the target of fraud. Why? The theft of physical assets is common as inventory items are often numerous, may be readily accessible and removable, and are typically not well protected. In addition, …

Don’t Forget: 2019 Standard Mileage Rates Have Changed

August 10, 2023January 16, 2019 by Pinion Editorial

Reading Time: < 1 minute

The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of 2017 (tax reform). While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck …

Tax Reform Prompts Businesses to Rethink Employee Leave Policies

August 10, 2023January 15, 2019 by Pinion Editorial

Reading Time: 2 minutes

While there tends to be focus on the larger line items resulting from the Tax Cuts and Jobs Act of 2017, there are some lesser-known tax breaks within this tax reform that have created incentives for business owners to reconsider the benefits they extend to employees when they take paid …

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