Pinion Insights: Posts authored by

Pinion Editorial

5 Traits Found in Resilient Producers

By Pinion Editorial | July 26, 2024

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:

By Pinion Editorial | July 25, 2024

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?

By Pinion Editorial | July 25, 2024

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

By Pinion Editorial | July 25, 2024

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

By Pinion Editorial | July 24, 2024

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 …

45Z Tax Credit: Guidance Issued, Immediate Action Needed

By Pinion Editorial | June 3, 2024

Reading Time: 2 minutes

On May 31, 2024, guidance was issued by the Internal Revenue Service (IRS) and US Treasury (Treasury) regarding registration requirements related to the Clean Fuels Production Tax Credit (45Z). The IRS has stated any registrations received after July 15, 2024 could be delayed, there is no guarantee registrations received before …

5 Signs You’ve Outgrown Your Accounting System

By Pinion Editorial | May 12, 2024

Reading Time: 3 minutes

Is your accounting system holding your business back? Maybe you’re so busy running the business that sorting through scattered financials seems more of a headache than it’s worth. Or maybe you’ve tried making changes and were met with responses like, “If it isn’t broke, don’t fix it”, or “We’ve always …

Use It or Lose It: Lock in Estate Tax Advantages Now

By Pinion Editorial | May 7, 2024

Reading Time: 3 minutes

The estate tax exemption doesn’t sunset until the end of 2025. So why worry about it now? Unfortunately, this historically high estate and gift tax exemption offers a short window of opportunity, and it may be closing soon. If you want to preserve more of your wealth, it’s important to …

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Pinion Insights: Posts authored by

Pinion Editorial

5 Traits Found in Resilient Producers

Decrypting Pig Butchering Scams in the Financial Sector:

What’s New in Kansas Taxes for 2024?

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

Update on the Federal Minimum Increase for Exempt Workers

45Z Tax Credit: Guidance Issued, Immediate Action Needed

5 Signs You’ve Outgrown Your Accounting System

Use It or Lose It: Lock in Estate Tax Advantages Now

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