December 2020 - Pinion

New Year Brings Potential for Funding Support for Biofuels

January 24, 2023December 31, 2020 by Donna Funk

Reading Time: 2 minutes

As we look to a New Year and fresh perspective in the biofuels industry, we are closely monitoring news that Congress will specifically allow USDA to make payments to biofuel producers. While no specific language is provided on how the USDA will determine these payments, the recently signed stimulus package …

New Stimulus Package Includes Funding for Farmers and Ranchers

January 26, 2023December 30, 2020 by Kala Jenkins

Reading Time: 2 minutes

We welcome the New Year with a new stimulus package that includes direct support for agriculture. President Trump signed the latest coronavirus relief bill on December 27, 2020, in which lawmakers combined stimulus legislation with funding USDA payments to both crop and livestock producers. The bill provides $13 billion for …

How Dairies Can Claim Renewable Energy Revenue in 2021

January 26, 2023December 22, 2020 by K·Coe Editorial

Reading Time: 2 minutes

While ethanol and biodiesel fuels are among the most common renewable energy revenue sources accepted into the California Air Resources Board (CARB) program for Low Carbon Fuel Standard (LCFS) credits, dairy producers across the U.S. are taking notice of the benefits these credit opportunities pose for biomethane suppliers as well. …

Proposed Emergency Coronavirus Relief Act is Promising for Tax Deductibility for PPP Business Expenses

January 17, 2023December 16, 2020 by K·Coe Editorial

Reading Time: < 1 minute

Following the December 14 preview of the work-in-progress, bipartisan Emergency Coronavirus Relief Act of 2020, K·Coe Isom experts have reviewed the bill’s proposed $748 billion emergency assistance benefits intended for American Workers and Small Businesses. “In short, we’re very optimistic about the section regarding business expenses that were paid for …

Three CARB-Accredited Firms Team Up to Provide a Streamlined LCFS Verification Process for Ethanol, Biodiesel & Dairy Businesses

January 24, 2023December 15, 2020 by K·Coe Editorial

Reading Time: 2 minutes

Pinion, alongside ERI Solutions and Ruby Canyon Environmental, are excited to announce a unique offering to assist businesses in meeting the California Air Resources Board (CARB) LCFS verification and reporting standards due in 2021. Through this strategic collaboration, businesses that produce ethanol, biodiesel, and dairy biomethane (among others), within or …

Forms 1099-A and 1099-C: Which Form to File for Loan Transactions

August 10, 2023December 4, 2020 by Sandy Sporleder

Reading Time: 3 minutes

As we’re looking at year-end reporting requirements, it’s important not to forget about 1099-A, Acquisition or Abandonment of Secured Property, and form 1099-C, Cancellation of Debt. We have guidance that tells us forgiveness of Paycheck Protection Program (PPP) loans do not require either of these filings, but what about other …

Notice of January 2021 Regulatory Capital Rule Change: Eligible Retained Income

August 10, 2023December 2, 2020 by Sandy Sporleder

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One of the many regulatory rule changes that was enacted in 2020 deals with the calculation of eligible retained income (i.e. the calculation performed to determine the maximum limit of eligible distributions). The new rule is effective for banks beginning on January 1, 2021. This final rule applies to all …

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