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Pinion Insights

leading harvest

Pinion Joins Leading Harvest as a Program Supporter

By Pinion Editorial | July 26, 2022
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Reading Time: < 1 minute
July 26, 2022 – The leading food and agriculture consulting firm Pinion and its sustainability and land (formerly DIGS Associates) advisory divisions are excited to announce that they have joined as a Program Supporter of Leading Harvest, a nonprofit organization who created a scalable program for independently verifying sustainable farm …

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transactions

Potential Scrutiny Around Re-presented Transactions

By Pinion Editorial | July 11, 2022
Reading Time: < 1 minute
In case you haven’t heard, the FDIC recently has been scrutinizing how banks are treating single transactions that are repeatedly rejected for insufficient funds.  Guidelines for Insufficient Funds and Fees Financial institutions may charge a non-sufficient funds (NSF) fee when a charge is presented for payment but cannot be covered …

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5 Ways Community Banks Can Recruit and Retain Talent

5 Ways Financial Institutions Can Recruit and Retain Talent

By Pinion Editorial | July 11, 2022
Reading Time: 2 minutes
Like many industries, financial institutions are fighting to recruit and retain talent in this tight labor market. Pinion’s community banking advisors have compiled the following strategies for attracting and retaining talent. 1. Implement Flexible Work Options Strategy:  Be realistic and accommodating. Working remotely and/or finding opportunities where there is scheduling …

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Community Banking Tips

Community Banking Tips, Trends, and Takeaways from 2022 Events

By Pinion Editorial | July 6, 2022
Reading Time: 3 minutes
The Pinion Community Banking team members have attended several conferences and trainings over the past month.  I just wanted to share with you a few of the highlights that stood out to us from the OBA Annual Convention, MBA Annual Convention, and the KBA Legal Update. Be prepared for what’s …

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TEFRA

TEFRA Tax Disallowance

By Pinion Editorial | July 1, 2022
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We’ve been seeing more activity with community banks purchasing non-bank qualified bonds.  It’s important to remember the tax consequences of purchasing these bonds.  For both S Corps and C Corps, the TEFRA penalty applies.  The penalty results in an interest expense disallowance equal to 100% of the proportionate amount of …

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6 Ways to Attract and Retain Future Leaders

Appealing to the Next Generation: 6 Ways to Attract and Retain Future Leaders

By Pinion Editorial | June 21, 2022
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Reading Time: 3 minutes
If the COVID-19 pandemic has taught businesses any one thing, it’s how dynamic and adaptable business models can become when needed.  This resilience bodes well for businesses as the challenges surrounding their workforce gaps, future leadership uncertainties, and workforce adaptations have been an active, ongoing issue. “Essentially, businesses have proven …

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Accounting Firm

Discover Opportunities for Collaboration Between U.S. and Indian Agriculture

By Pinion Editorial | June 14, 2022
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On Wednesday, June 22, 2022 at 10:30 am eastern standard time, KCoe Isom, the Mann Deshi Foundation, and the U.S.-India Strategic Partnership Forum will host a forum on “The Indo-Pacific Economic Framework: Opportunities for Collaboration Between U.S. and Indian Agriculture”. The forum will bring together governments, civil society organizations and …

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Fuel Price

Fuel Price Increases Prompt IRS to Increase Business Mileage Rates

By Pinion Editorial | June 9, 2022
Reading Time: < 1 minute
In response to the recent increase in fuel price, the IRS has issued an increase in the optional standard mileage rates for business travel effective on July 1, 2022 for the remainder of the year.   “We are aware a number of unusual factors have come into play involving fuel costs, …

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