July 2024 - Pinion

USDA Deadline Announced for Emergency Relief Program and FSA-510 Filing

July 30, 2024 by Pinion Editorial

Reading Time: < 1 minute

The U.S. Department of Agriculture recently announced August 14, 2024, as the deadline for commodity and specialty crop producers that suffered losses as a result of a 2022 natural disaster to apply for the Emergency Relief Program (ERP). An estimated $3.2 billion in funding was allocated by Congress to cover …

5 Traits Found in Resilient Producers

July 26, 2024 by Pinion Editorial

Reading Time: 5 minutes

What keeps a farmer in business through droughts, rising costs, falling prices and other invisible struggles? What helps you weather through? “As an Ag marketing and risk management advisor who’s been around the block (more than a few dozen times), I’ve had the benefit of having had thousands of honest conversations …

Decrypting Pig Butchering Scams in the Financial Sector:

July 29, 2024July 25, 2024 by Pinion Editorial

Reading Time: 3 minutes

The term ‘pig butchering’ may seem out of place in finance, but it aptly describes a new type of cryptocurrency scam that blends social engineering with investment fraud. Much like fattening up a pig before slaughter, scammers build a relationship with their target over time before convincing them to invest …

What’s New in Kansas Taxes for 2024?

July 29, 2024July 25, 2024 by Pinion Editorial

Reading Time: 2 minutes

On June 21, 2024, Kansas Governor Laura Kelly signed into law Senate Bill 1 (SB 1), which includes a reduction in income tax rates for Kansas Privilege Tax, effective with the 2024 tax year. If you’re a financial institution calculating income tax provisions or recording deferred taxes (including those on …

Beyond $500 Million: A Guide to FDICIA Compliance for Banks

July 29, 2024July 25, 2024 by Pinion Editorial

Reading Time: 4 minutes

Is your financial institution nearing the $500 million asset threshold? If so, you’ll need to navigate new regulations, particularly those mandated by the Federal Deposit Insurance Corporation Improvement Act (FDICIA). Regardless of what is driving your growth, crafting a robust plan for FDICIA compliance is essential. Pinion advisors have outlined …

Update on the Federal Minimum Increase for Exempt Workers

July 24, 2024July 24, 2024 by Pinion Editorial

Reading Time: 2 minutes

Beginning July 1, 2024, the Department of Labor (DOL) enforced a new rule requiring employers to meet a higher salary threshold to classify employees as exempt. Legal Challenges Against the Rule A Win for Texas: A recent court order has exempted Texas from complying with the new federal minimum salary threshold …

Offices Across the United States