December 2022 - Pinion

Strategic Planning for 2023: Flexibility and Purpose are Key

April 10, 2023December 21, 2022 by Pinion Editorial

Reading Time: 2 minutes

Foreseeable business trends for 2023 are set to center around accelerated digital transformation, inflation, supply chain security, continued talent challenges, and sustainability – to name a few. “As we’ve learned in the recent past, the future is anything but predictable. This makes it extremely important to stop ‘guessing’ and instead, …

5 Tips to Improve Your Loan Renewal Process

August 10, 2023December 20, 2022 by Pinion Editorial

Reading Time: 3 minutes

This year has been anything but conventional, and the lending environment is trending the same. We are seeing decades-high inflation and interest rates as high as 5-7%. With smaller margins this 2022 crop year, there will likely be more ag operations planning to work with lenders and other business partners …

Answering ‘Who Comes Next?’: Key Ways to Avoid Succession Failure

February 22, 2023December 19, 2022 by Pinion Editorial

Reading Time: < 1 minute

Ten thousand Baby Boomers retire daily. Yet only 21% of organizations report having a formal plan for succession in place. Time and time again, not having a succession plan in place has proven itself the biggest detriment for business survival in uncertain times. Pinion Next Gen Advisors share succession planning …

How to Increase Your Profitability This Harvest Season

4 Smart Business Moves for Farms in 2023

August 10, 2023December 13, 2022 by Pinion Editorial

Reading Time: 2 minutes

With planting and input decisions already heavy on their minds, ag businesses are asking how they should manage their decisions around raised input costs and higher interest rates – and a potentially challenging year ahead. Pinion ag advisor, Kala Jenkins, outlines four smart risk management and business moves that can …

We Have Unrealized Losses – What Should We Do?

August 10, 2023December 9, 2022 by Pinion Editorial

Reading Time: 2 minutes

With rising interest rates, we’ve received an influx of questions about the impact on the unrealized losses in the bank’s investment portfolio. Most banks classify their securities as available for sale (AFS), which requires them to record the asset at fair value, with an unrealized gain or loss (URGL) in …

DOL Guidance for Employers: Action Needed for April 1

Schedule K-2 and K-3 Filing Requirements for 2022: IRS Changes Timeline

January 30, 2023December 8, 2022 by Pinion Editorial

Reading Time: < 1 minute

The landscape of the 2022 tax season has changed with respect to the Schedule K-2 and K-3 filing reporting. Penalties apply if the forms are required but not filed. The initial 2022 IRS draft pass-through entity instructions required qualifying entities to send notifications to owners by January 15, but IRS …

New Labor Guidance Released for Clean Energy Tax Credits

December 1, 2022 by Pinion Editorial

Reading Time: < 1 minute

On November 30, 2022 the U.S. Treasury Department unveiled the prevailing wage and apprenticeship guidance. Companies seeking clean energy tax credits under the Inflation Reduction Act must follow these guidelines, published in the Federal Register. The Inflation Reduction Act created and expanded several tax credits, but stipulated that taxpayers could …

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