January 2020 - Pinion

Important Section 199A Tax Effects on Decision-making in 2020

January 24, 2023January 28, 2020 by K·Coe Editorial

Reading Time: < 1 minute

While your advisor handles the complex details and tax structure of your ag business, there are certain changes regarding Section 199A that have happened that business owners and operation managers should be aware of and factor into their decision-making. Changes to Triple Net Leases and Section 199A QBI Deduction WHY …

Attention Producers: Action Required to Meet FSA Enrollment Deadlines

August 8, 2023January 28, 2020 by K·Coe Editorial

Reading Time: 2 minutes

There are three actions producers will need to take to meet the approaching FSA Enrollment Deadlines: Program Election for 2019 & 2020 – Deadline: March 15, 2020 2019 Crop Year Enrollment – Deadline: March 15, 2020 2020 Crop Year Enrollment – Deadline: June 30, 2020 What is Needed for Eligibility …

Are Changes in Sustainability Reporting and Audits Coming?

April 10, 2023January 27, 2020 by K·Coe Editorial

Reading Time: 2 minutes

What a whirlwind start to the New Year for businesses in regard to their environmental impacts, as recent events have created questions surrounding what’s in store for the sustainability reporting and reduction processes, and what actions organizations should be taking. Let’s revisit the sudden causes for uncertainty across the nation. …

Top 3 Regrets of Retired Farmers

March 20, 2023January 23, 2020 by K·Coe Editorial

Reading Time: 4 minutes

In life, there’s an easy way or a hard way to do most things. There are countless examples of this in agriculture, and farmers are resilient as the result of facing challenges and overcoming unexpected obstacles the only way they can: the hard way. Farm life is not a checklist. …

Kansas Department of Revenue to Double-Tax Bank Income

August 8, 2023January 10, 2020 by K·Coe Editorial

Reading Time: 2 minutes

We’ve recently learned of an interesting development that significantly impacts the Community Banking industry. At the end of December, K·Coe participated in a call facilitated by the Kansas Bankers Association with multiple practitioners discussing a recent audit with the Kansas Department of Revenue (KDR). We want to make sure that …

2020’s Smart Tax Resolutions

December 21, 2022January 10, 2020 by K·Coe Editorial

Reading Time: 3 minutes

New Year’s resolutions typically focus on healthier lifestyles, kicking bad habits, and ways to increase happiness. Unfortunately, there’s a tendency to drop resolutions as quickly as they’re started – on average, most don’t make it to January’s end. K·Coe tax advisors are putting an end to the resolution let-down by …

HMDA – Confidence that you are “Getting it Right” in 2020

August 10, 2023January 8, 2020 by K·Coe Editorial

Reading Time: 2 minutes

Having to perform a “regulator mandated” Home Mortgage Disclosure Act (HMDA) resubmission is hard work. And, if you don’t put the work in before you submit your Loan Application Register (LAR), you may get the opportunity to do just that anyways. As we begin the New Year and wrap up …

Reminder: New 2020 Mileage Rates

January 20, 2023January 7, 2020 by K·Coe Editorial

Reading Time: < 1 minute

The IRS issued a slight decrease in the standard mileage rates for business travel, effective January 1, 2020. While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck used for business purposes, it’s important to note the correct …

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