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Pinion Insights

Secure Act

Employers with Retirement Plans Get Increase in Tax Credits

By K·Coe Editorial | August 24, 2020
Reading Time: 2 minutes
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) includes increased tax credits for qualified costs incurred in the setup and administration of an eligible retirement plan. Eligible employers may be able to qualify for a tax credit up to $5,000 for each of the first …

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Economic Disruption

5 Tips to Move Ag Business Forward During Economic Disruption

By K·Coe Editorial | August 20, 2020
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Reading Time: 3 minutes
While production agriculture is no stranger to facing adversity and adaptation, no one could argue that the Economic Disruption caused by the COVID-19 pandemic has required unprecedented response and strategy. As business advisors, K·Coe has been on the front lines of hearing concerns, navigating issues and fielding questions during these …

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Iowa Producers

2020: A Year of Crisis and Hope

By K·Coe Editorial | August 17, 2020
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Reading Time: 3 minutes
I look out my window in Eastern Iowa and see uprooted oak trees that once stood as guardians of our neighborhood. A displaced street light pole threatens my dining room window, and my backyard has an extra trampoline – blown over from the neighbor’s yard 200 feet away. I can …

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USDA Expands and Extends the Coronavirus Food Assistance Program for Producers

USDA Expands and Extends the Coronavirus Food Assistance Program for Producers

By K·Coe Editorial | August 12, 2020
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Reading Time: 2 minutes
For a summary of the January 15, 2021 USDA updates click here. On August 11, 2020, the U.S. Department of Agriculture (USDA) extended and expanded the Coronavirus Food Assistance Program (CFAP) intended to aid farmers and ranchers suffering from negative effects of the COVID-19 pandemic. High-level Takeaways for Producers: Final …

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Pro Tax Tips in a Strained Ag Economy

Executive Order on Employee Payroll Taxes: Should Employers Take Action?

By K·Coe Editorial | August 11, 2020
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Reading Time: 2 minutes
View the update from August 31, 2020 here. On August 8, the President signed an executive order directing the Department of Treasury to defer withholding, deposit, and payment of employees’ social security taxes beginning September 1 through the end of 2020. Employers and Employees Should Wait for More Guidance After …

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IRS Bulletin

Notice for Your Customers: New IRS Bulletin Warns of Security Threats

By K·Coe Editorial | August 6, 2020
Reading Time: 3 minutes
In an effort to help satisfy your bank’s annual requirement to educate customers, we wanted to share the following IRS bulletin to easily post on your website for public notice. The IRS is urging all Americans to be vigilant to these threats, especially during the pandemic and its aftermath.  Here …

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Loan Origination Fees

Guidance for Correct DOEP Procedures Post M&A

By K·Coe Editorial | August 6, 2020
Reading Time: 3 minutes
By: Heather Campbell, CIA Many banks seek guidance for what happens to the Designation of Exempt Person (DOEP) forms following mergers/acquisitions (M&A). Compiled below are some tidbits of information to help decide upon what needs to be done with regards to the bank’s Bank Secrecy Act (BSA)/Anti-money Laundering (AML) procedures …

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Paycheck Protection Program

Summary of New SBA Forgiveness FAQs

By K·Coe Editorial | August 6, 2020
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Reading Time: 4 minutes
In response to questions and requests for clarification surrounding Paycheck Payment Program (PPP) Loan Forgiveness, the Small Business Administration (SBA) released ten pages of Frequently Asked Questions (FAQs) on August 4, 2020. Below, K·Coe advisors have provided a summary of key takeaways for businesses relating to FAQs around Payroll Costs …

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