August 2020 - Pinion

New IRS Guidance Released to Help Employers Make Payroll Tax Deferral Decisions

January 17, 2023August 31, 2020 by K·Coe Editorial

Reading Time: 3 minutes

You may remember that earlier this month, the President signed an executive order directing the Department of Treasury to defer withholding, deposit, and payment of employees’ social security taxes through the end of 2020. At that point, K·Coe advisors recommended to hold tight as clarifications were needed to answer implementation …

In Wake of Disaster, How to Minimize Taxes on Insurance Proceeds

How to Handle Property Casualties in the Wake of Disaster

January 25, 2023August 25, 2020 by K·Coe Editorial

Reading Time: 4 minutes

As fires rage and rampage through large areas of California, the destruction of residences, outbuildings, and commercial buildings has been widespread. K·Coe Isom has been fielding questions and concerns from many of our clients regarding their property casualties from the derecho, hurricanes, and fires. Our business advisors have created an …

Employers with Retirement Plans Get Increase in Tax Credits

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

Reading Time: 2 minutes

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) includes increased tax credits for qualified costs incurred in the setup and administration of an eligible retirement plan. Eligible employers may be able to qualify for a tax credit up to $5,000 for each of the first …

5 Tips to Move Ag Business Forward During Economic Disruption

August 10, 2023August 20, 2020 by K·Coe Editorial

Reading Time: 3 minutes

While production agriculture is no stranger to facing adversity and adaptation, no one could argue that the Economic Disruption caused by the COVID-19 pandemic has required unprecedented response and strategy. As business advisors, K·Coe has been on the front lines of hearing concerns, navigating issues and fielding questions during these …

2020: A Year of Crisis and Hope

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

Reading Time: 3 minutes

I look out my window in Eastern Iowa and see uprooted oak trees that once stood as guardians of our neighborhood. A displaced street light pole threatens my dining room window, and my backyard has an extra trampoline – blown over from the neighbor’s yard 200 feet away. I can …

USDA Expands and Extends the Coronavirus Food Assistance Program for Producers

April 12, 2023August 12, 2020 by K·Coe Editorial

Reading Time: 2 minutes

For a summary of the January 15, 2021 USDA updates click here. On August 11, 2020, the U.S. Department of Agriculture (USDA) extended and expanded the Coronavirus Food Assistance Program (CFAP) intended to aid farmers and ranchers suffering from negative effects of the COVID-19 pandemic. High-level Takeaways for Producers: Final …

Executive Order on Employee Payroll Taxes: Should Employers Take Action?

December 21, 2022August 11, 2020 by K·Coe Editorial

Reading Time: 2 minutes

View the update from August 31, 2020 here. On August 8, the President signed an executive order directing the Department of Treasury to defer withholding, deposit, and payment of employees’ social security taxes beginning September 1 through the end of 2020. Employers and Employees Should Wait for More Guidance After …

Notice for Your Customers: New IRS Bulletin Warns of Security Threats

August 10, 2023August 6, 2020 by K·Coe Editorial

Reading Time: 3 minutes

In an effort to help satisfy your bank’s annual requirement to educate customers, we wanted to share the following IRS bulletin to easily post on your website for public notice. The IRS is urging all Americans to be vigilant to these threats, especially during the pandemic and its aftermath. Here …

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