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Pinion Insights

Pinion Insights

EIDL Program Updates: Replenished Funding and New Targeted Guidelines

By K·Coe Editorial | January 4, 2021
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Reading Time: 3 minutes
While much attention has been given to the recently-signed “Consolidated Appropriations Act, 2021” that provides crucial COVID-19 relief and has created a second round of Paycheck Protection Program (PPP) loans for small businesses, a few overshadowed – but important – updates have been made to the Economic Injury Disaster Loan …

Read moreEIDL Program Updates: Replenished Funding and New Targeted Guidelines

New Year Brings Potential for Funding Support for Biofuels

New Year Brings Potential for Funding Support for Biofuels

By Donna Funk | December 31, 2020
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Reading Time: 2 minutes
As we look to a New Year and fresh perspective in the biofuels industry, we are closely monitoring news that Congress will specifically allow USDA to make payments to biofuel producers. While no specific language is provided on how the USDA will determine these payments, the recently signed stimulus package …

Read moreNew Year Brings Potential for Funding Support for Biofuels

New Stimulus Package Includes Funding for Farmers and Ranchers

New Stimulus Package Includes Funding for Farmers and Ranchers

By Kala Jenkins | December 30, 2020
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Reading Time: 2 minutes
We welcome the New Year with a new stimulus package that includes direct support for agriculture. President Trump signed the latest coronavirus relief bill on December 27, 2020, in which lawmakers combined stimulus legislation with funding USDA payments to both crop and livestock producers. The bill provides $13 billion for …

Read moreNew Stimulus Package Includes Funding for Farmers and Ranchers

Renewable Energy Revenue

How Dairies Can Claim Renewable Energy Revenue in 2021

By K·Coe Editorial | December 22, 2020
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Reading Time: 2 minutes
While ethanol and biodiesel fuels are among the most common renewable energy revenue sources accepted into the California Air Resources Board (CARB) program for Low Carbon Fuel Standard (LCFS) credits, dairy producers across the U.S. are taking notice of the benefits these credit opportunities pose for biomethane suppliers as well. …

Read moreHow Dairies Can Claim Renewable Energy Revenue in 2021

Pinion Accounting & Advisory

Proposed Emergency Coronavirus Relief Act is Promising for Tax Deductibility for PPP Business Expenses

By K·Coe Editorial | December 16, 2020
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Reading Time: < 1 minute
Following the December 14 preview of the work-in-progress, bipartisan Emergency Coronavirus Relief Act of 2020, K·Coe Isom experts have reviewed the bill’s proposed $748 billion emergency assistance benefits intended for American Workers and Small Businesses. “In short, we’re very optimistic about the section regarding business expenses that were paid for …

Read moreProposed Emergency Coronavirus Relief Act is Promising for Tax Deductibility for PPP Business Expenses

lcfs verification

Three CARB-Accredited Firms Team Up to Provide a Streamlined LCFS Verification Process for Ethanol, Biodiesel & Dairy Businesses

By K·Coe Editorial | December 15, 2020
Reading Time: 2 minutes
Pinion, alongside ERI Solutions and Ruby Canyon Environmental, are excited to announce a unique offering to assist businesses in meeting the California Air Resources Board (CARB) LCFS verification and reporting standards due in 2021. Through this strategic collaboration, businesses that produce ethanol, biodiesel, and dairy biomethane (among others), within or …

Read moreThree CARB-Accredited Firms Team Up to Provide a Streamlined LCFS Verification Process for Ethanol, Biodiesel & Dairy Businesses

regional industries

Forms 1099-A and 1099-C: Which Form to File for Loan Transactions

By Sandy Sporleder | December 4, 2020
Reading Time: 3 minutes
As we’re looking at year-end reporting requirements, it’s important not to forget about 1099-A, Acquisition or Abandonment of Secured Property, and form 1099-C, Cancellation of Debt.    We have guidance that tells us forgiveness of Paycheck Protection Program (PPP) loans do not require either of these filings, but what about other …

Read moreForms 1099-A and 1099-C: Which Form to File for Loan Transactions

Eligible for ERTC

Notice of January 2021 Regulatory Capital Rule Change: Eligible Retained Income

By Sandy Sporleder | December 2, 2020
Reading Time: < 1 minute
One of the many regulatory rule changes that was enacted in 2020 deals with the calculation of eligible retained income (i.e. the calculation performed to determine the maximum limit of eligible distributions). The new rule is effective for banks beginning on January 1, 2021. This final rule applies to all …

Read moreNotice of January 2021 Regulatory Capital Rule Change: Eligible Retained Income