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K·Coe Editorial

CARES Act Update

CARES Act Update: IRS Allows Amendments for Eligible Partnerships

By K·Coe Editorial | April 8, 2020
Reading Time: 2 minutes
On April 8, 2020, the IRS issued welcomed guidance regarding the CARES Act Update in Revenue Procedure 2020-23, allowing “eligible partnerships” to file amended returns for taxable years beginning in 2018 and 2019.  Without this guidance, eligible partnerships must utilize the Administrative Adjustment Requests (AARs) procedures.  Generally, utilizing the AAR …

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5 Ways to De-Stress about Cash Flow

PPP Loans Update: Most Ag Businesses Can Apply

By K·Coe Editorial | April 6, 2020
Reading Time: 2 minutes
As part of the CARES Act stimulus package, Congress established the Paycheck Protection Program (PPP) to provide forgivable loans to small businesses, non-profits, sole proprietors and self-employed individuals. Congress added this program onto the existing Small Business Administration 7(a) loan program. This created some measure of confusion for agricultural businesses …

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CARES Act: 4 New Provisions for Employer Benefit Plans

CARES Act: 4 New Provisions for Employer Benefit Plans

By K·Coe Editorial | March 31, 2020
Reading Time: < 1 minute
In an effort to further help individuals and employers, the CARES Act has enacted provisions that create temporary relief through employer benefit plans changes for 2020. Employer Benefit Plans Provisions for 2020 will: Defer employer contribution minimums Defers 2020 minimum required contributions (including quarterly contributions) for single-employer plans to January …

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CARES Act: Unemployment Assistance Program Benefits Overview

CARES Act: Unemployment Assistance Program Benefits Overview

By K·Coe Editorial | March 31, 2020
Reading Time: 3 minutes
The focus of this summary is to provide an overview of the unemployment assistance protections offered in the legislation from January 27th, 2020 through December 31st, 2020 as indicated within the CARES Act. Pandemic Unemployment Assistance Program Under the Relief for Workers Affected by Coronavirus Act (Subtitle A of Title …

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family farms

Ag Industry Appealing to SBA for Disaster Loan Eligibility and Support

By K·Coe Editorial | March 30, 2020
Reading Time: 2 minutes
April 21st Update: Just announced: Senate passes bill allowing small ag businesses relief through disaster loan eligibility.    Following a close analysis of the CARES Act and related statutes, K·Coe Isom’s Government and Public Affairs representatives, along with its Ag Association partners, are pleading with the Small Business Administration (SBA) …

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family farms

Stimulus Package: At First Glance

By K·Coe Editorial | March 25, 2020
Reading Time: 2 minutes
The Stimulus package, released early today, will inject approximately $2 trillion into the economy, providing tax rebates, four months of expanded unemployment benefits, and business tax-relief provisions aimed at shoring up individual, family and business finances. The full Stimulus Bill’s language (with over 1,000 pages of details anticipated) is expected …

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