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

By Pinion Editorial | July 30, 2024
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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 …

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5 Traits Found in Resilient Producers

By Pinion Editorial | July 26, 2024
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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 …

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Decrypting Pig Butchering Scams in the Financial Sector:

By Pinion Editorial | July 25, 2024
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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 …

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What’s New in Kansas Taxes for 2024?

By Pinion Editorial | July 25, 2024
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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 …

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

By Pinion Editorial | July 25, 2024
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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 …

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Update on the Federal Minimum Increase for Exempt Workers

By Pinion Editorial | July 24, 2024
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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 …

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Food & Beverage Manufacturing

Got Nexus? How State Compliance is Impacting Food and Beverage Commerce

By Pinion Editorial | June 21, 2024
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Reading Time: 3 minutes
There’s a critical aspect of commerce that food and beverage owners and operators cannot afford to overlook: state tax nexus. Understanding tax nexus is essential to ensure compliance and avoid costly penalties.  “Compliance with state tax nexus laws isn’t just a corporate responsibility — it’s a personal one,” advises Karli …

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HR Consulting

5 Tips to Refresh Your HR Practices

By Pinion Editorial | June 4, 2024
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Reading Time: 2 minutes
Human resources professionals play a pivotal role in establishing a company’s culture. Not only by implementing policies and practices that reflect the organization’s core values but also through strategic recruitment, employee engagement programs, and fostering a supportive work environment. HR sets the foundational tone that influences the overall workplace atmosphere. …

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