Pinion Insights: Posts from category

Tax & Accounting

Updated GREET Model Creates Promising Tax Credit for Ethanol: Who will be eligible to benefit?

By Pinion Editorial | December 19, 2023
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Reading Time: 2 minutes
The U.S. Treasury Department recently rolled out new guidance that has the potential to bring large opportunities for farmers and ethanol producers in the form of an Inflation Reduction Act (IRA) sustainable aviation fuel (SAF) tax credit.  But questions remain surrounding eligibility and implementation guidance.     “As it stands right …

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Using a Buy-Sell Agreement to Safeguard Your Manufacturing Business

By Pinion Editorial | November 7, 2023
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Reading Time: 3 minutes
If you’re concerned about preserving your company’s culture during unforeseen changes or emergencies, a buy-sell agreement could be your solution. Owners who have invested years into building a cohesive company culture and shared operational philosophy understand the importance of safeguarding this unity. This is where a buy-sell agreement comes into …

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Back to Basics: Biofuels Offer Cleaner Air, Stable Markets

3 Tips to Maximize IRA Biofuel Incentives

By Pinion Editorial | September 28, 2023
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Reading Time: 2 minutes
With $369 billion allocated for climate and energy policies, the Inflation Reduction Act of 2022 marks a historic commitment to the U.S. biofuels sector. It includes new tax credits, funding for biofuel infrastructure and expanded tax credits for carbon capture and storage. “The Inflation Reduction Act is a huge legislative …

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The Flip Side of Estate Planning: Why Many Don’t Bother

By Pinion Editorial | September 26, 2023
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Reading Time: 3 minutes
6 in 10 Americans have a retirement account, while only 1 in 3 have an estate plan. While the majority of Americans see the importance of retirement planning, most neglect estate planning.  The most common reason for avoiding a will, trust or estate plan?  Procrastination. Todd Stanley, a wheat and …

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The Corporate Transparency Act: What Businesses Need to Know

By Pinion Editorial | July 24, 2023
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Reading Time: 2 minutes
In January 2021, Congress passed the Corporate Transparency Act designed to prevent the use of U.S. shell companies for money laundering, shadow investments, tax fraud, terrorism financing and other illegal activities. Beginning January 1, 2024, the CTA requires U.S. businesses to submit a Beneficial Ownership Information (BOI) report to the …

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BE-12 Survey: Report Deadline Approaches for Foreign Investments

By Pinion Editorial | May 15, 2023
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Reading Time: < 1 minute
Form BE-12 is a benchmark survey required by the Department of Treasury’s Bureau of Economic Analysis. The BE-12 must be filed every 5 years and 2022 is a reporting year. Paper forms are due May 31, 2023 and e-filed forms are due June 30, 2023.  The survey collects data on foreign business …

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Summary of the IRS Transfer Pricing Audit Increase

By Pinion Editorial | May 3, 2023
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Reading Time: 2 minutes
One of the ways the IRS is going to put its $80 billion to use is increasing the number of transfer pricing audits it conducts. In a nutshell, transfer pricing is the process that establishes whether related party transactions between parties in the U.S. and foreign jurisdictions are priced fairly. …

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