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Recent Insights
CFAP2 Payments Announced: Summary of Applicability
Reading Time: 3 minutes It has been the talk of the Ag sector throughout the last few weeks: expectations for another round of Coronavirus Food Assistance Program (CFAP) for …
Personal Rentals for Business: What’s Considered Taxable Income vs. a Deduction, or Neither?
Reading Time: 2 minutes The 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 minutes Leasing 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
