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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 …

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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 …

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Has your Bank Created a Pandemic Timeline to Ascertain and Manage Risks?

Has your Bank Created a Pandemic Timeline to Ascertain and Manage Risks?

By Sandy Sporleder | November 30, 2020
Reading Time: 2 minutes
By Kerry Hatzenbuehler & Melissa DeDonder Although the Fall 2020 OCC Semiannual Risk Perspective has been published, the Spring 2020 issue relayed important information for banks to consider related to this crazy year.  Many of you have documented and are continuing to document how the bank responded to the pandemic.  …

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K·Coe Isom provides farm program services to guide you in maximizing USDA Farm Service Agency programs

Good News for Many Farmers: USDA Amends Erred Regulation

By Brian Kuehl | November 18, 2020
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Reading Time: 2 minutes
Loveland, CO – November 18, 2020 – KCoe Isom, a national leader in food and agricultural consulting and accounting services, applauded the decision today by the U.S. Department of Agriculture to amend its recent “Payment Limitations and Payment Eligibility” regulation.  The action will immediately correct an error in the regulation …

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Sustainability

KCoe Advisors Earn Credential to Help Food & Ag Businesses Improve Sustainability Performance and Reporting

By K·Coe Editorial | November 2, 2020
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Reading Time: 2 minutes
KCoe Isom is excited to announce that sustainability advisor Lisa Becker has completed the training and testing required to become credentialed as a The Sustainability Consortium (TSC) Trained Service Provider for THESIS, a credential to improve businesses sustainability performance. “Many of our clients are being asked to do more to …

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Why Today is a Good Day to Jumpstart Your Succession Plan

Why Today is a Good Day to Jumpstart Your Succession Plan

By Kala Jenkins | October 30, 2020
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Reading Time: 5 minutes
Agricultural businesses have withstood their fair share of COVID disruption – from family life to the workplace.  While this has forced financial strain, labor disruptions, and tough decisions on producers, it has also ripened some opportunities where you might not expect them, including a Succession Plan. In times like these, …

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family farms

Advocating for the Future of Family Farms: A Plea for Critical Regulation Change

By Pinion Editorial | October 29, 2020
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Reading Time: 2 minutes
Working on behalf of American Food & Agriculture businesses, K·Coe Isom submitted an open letter to USDA Secretary Sonny Perdue on October 28, 2020 regarding new regulations that threaten the well-being of thousands of American family farms. The “Payment Limit and Payment Eligibility” regulation released on August 24, 2020 will …

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Workforce Cybersecurity

Money Watch for Manufacturers: Making Proactive Supply Chain Decisions Now Can Add Up

By Pinion Editorial | October 27, 2020
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Reading Time: 3 minutes
With major disruptions accelerating the “reshoring” of manufacturing back to the U.S. – the trade war and import tariffs, and now the pandemic – the tremendous effects on global supply chains have been seemingly the knock-out punch to globalization as we once knew it. How manufacturers respond to supply chain …

Read moreMoney Watch for Manufacturers: Making Proactive Supply Chain Decisions Now Can Add Up