June 2020 - Pinion

Giving Back: IRS Eases Ability to Set Up Employer Leave Donation Programs for COVID-19 Victims

January 30, 2023June 25, 2020 by K·Coe Editorial

Reading Time: < 1 minute

In response to the need to provide relief to victims of the COVID-19 pandemic, many employers are considering Employer Leave Donation programs. Under these programs, employees may elect to forgo vacation, sick, or personal leave in exchange for employer contributions to charitable organizations. The icing on the cake? The IRS …

What You Need to Know Now and Later: Paycheck Protection Program Flexibility Act

January 23, 2023June 17, 2020 by K·Coe Editorial

Reading Time: 3 minutes

For many businesses, it seems as though every time they blink there’s another Paycheck Protection Program (PPP) update to digest. It’s a reality that accompanies the quick development and release of the Small Business Administration’s (SBA) program for economic relief due to COVID-19. The need for updates soon becomes apparent …

Missouri Bankers Association Annual Convention Key Takeaways

August 10, 2023June 17, 2020 by K·Coe Editorial

Reading Time: 3 minutes

The Missouri Bankers Association (MBA) held their 130th Annual Convention virtually this year; it was done well. We’ve attended this conference a number of times in the past to meet current and prospective clients, and to hear good speakers/industry experts talk about what’s going on in the industry. As the …

Guide to Community Bank Leverage Ratio: Should I or Shouldn’t I?

August 10, 2023June 12, 2020 by K·Coe Editorial

Reading Time: 2 minutes

Starting January 1, 2020, banks could elect to begin using the Community Bank Leverage Ratio (CBLR) or framework. Designed to simplify calculations for capital ratios on quarterly call reports, the CBLR ratio essentially uses total average assets, rather than the complicated calculation of risk-based total assets. A bank may opt-in …

Food, Beverage and Manufacturing Companies Face New Risks Due to COVID-19 Contagion

January 30, 2023June 9, 2020 by K·Coe Editorial

Reading Time: 2 minutes

The effects of the Coronavirus pandemic are far from over. Though most Manufacturing Companies are in the midst of a gradual return to the workplace, they continue to face risks from further outbreaks. Supply chain partners, investors, and other stakeholders are watching carefully to ensure that when businesses do reopen, …

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