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Recent Insights
Making Ag Board Meetings More Effective
Reading Time: 3 minutesMost agribusinesses participate in board meetings during the year to assess operations and make decisions about their business. Board meetings are an essential part of any agribusiness as their very purpose serves to maintain open lines of communication between owners and management. Communication that includes updates on the state of …
Weeding Out the Details of Banking an MRB
Reading Time: 5 minutesWe have received multiple questions regarding banking a Marijuana Related Business (MRB) and we know there are several articles out there on it already; however, we wanted to just weed through a few of the details for you. Let’s start with our perspective of an MRB. We suggest an MRB …
How the Final 199A Regulations Impact Ag
Reading Time: 2 minutesFollowing the long-awaited “final” regulations released by the IRS late on Friday, January 18, some in the Ag industry appreciated the additional clarity, while others remained underwhelmed. The guidelines contained, as is customary, some complexities surrounding their applicability and effects. K·Coe Isom’s tax experts have been evaluating the finalized IRS …
New Opportunity Zone Tax Benefits Make an Attractive Investment
Reading Time: 2 minutesEstablished within the Tax Cuts and Jobs Act of 2017, the new Opportunity Zone legislation was created to develop economically-distressed communities across the United States by incentivizing long-term investments in these communities with tax benefits. The intention of the Opportunity Zone program overall is to stimulate economic development and job …
Read moreNew Opportunity Zone Tax Benefits Make an Attractive Investment
How Inventory Fraud is Impacting Dealerships
Reading Time: 2 minutesAs a large portion of the dollar value assets of equipment dealers, inventory is often found to be the target of fraud. Why? The theft of physical assets is common as inventory items are often numerous, may be readily accessible and removable, and are typically not well protected. In addition, …
Don’t Forget: 2019 Standard Mileage Rates Have Changed
Reading Time: < 1 minuteThe IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of 2017 (tax reform). While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck …
Read moreDon’t Forget: 2019 Standard Mileage Rates Have Changed
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