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Personal Rentals for Business: What’s Considered Taxable Income vs. a Deduction, or Neither?
Reading Time: 2 minutesThe Internal Revenue Code provides guidelines for what activities constitute income or deductions for individual residences. Below is a high-level overview for consideration. Residence rentals: …
Leasing Standard Update: Effective Date, Balance Sheet and Call Reports Affected
Reading Time: 2 minutesLeasing Standard ASC 842 Overview This leasing standard (ASC 842) may not only affect a bank’s balance sheet, but also the balance sheet of its …
Read moreLeasing Standard Update: Effective Date, Balance Sheet and Call Reports Affected
PPP Forgiveness: Should Borrowers Apply Right Now?
Reading Time: 2 minutesNow that the SBA’s forgiveness eligibility for Paycheck Protection Program (PPP) loans is now open, are you (and your borrowers) applying for forgiveness? K·Coe advisors …
