Pinion Insights: Posts from category

Tax & Accounting

Tax deadline

IRS Extends Tax Deadline for CA, AL, and GA Disaster Areas

By Pinion Editorial | February 27, 2023
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Reading Time: 2 minutes
On February 24, the IRS announced that disaster-area taxpayers in parts of California, Alabama and Georgia will now have until October 16 to file individual and business tax returns and make tax payments. This is extended from the original deadline of May 15. The Pinion Tax team has summarized the …

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R&D tax credit

R&D Tax Credit Changes for 2022 Tax Year

By Pinion Editorial | February 8, 2023
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Reading Time: 2 minutes
As a reminder, the 2022 tax season represents a drastic change for manufacturers who typically take research and development (R&D) tax credits. Previously, in respect to Research and Development expenses, manufacturers could either: 1) deduct the expenses in the year incurred and take a reduced credit or 2) capitalize the …

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FAMLI

7 FAQs for Colorado Businesses Preparing for New FAMLI Rules

By Pinion Editorial | January 20, 2023
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Reading Time: 2 minutes
Under the Colorado Paid Family and Medical Leave Insurance (FAMLI) program, new insurance obligations became effective on January 1, 2023, with employee benefits beginning January 1, 2024. What do Colorado businesses need to know about the new law? Pinion advisors have addressed the most frequently asked questions to help you …

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DOL Guidance for Employers: Action Needed for April 1

Schedule K-2 and K-3 Filing Requirements for 2022: IRS Changes Timeline

By Pinion Editorial | December 8, 2022
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Reading Time: < 1 minute
The landscape of the 2022 tax season has changed with respect to the Schedule K-2 and K-3 filing reporting.  Penalties apply if the forms are required but not filed. The initial 2022 IRS draft pass-through entity instructions required qualifying entities to send notifications to owners by January 15, but IRS …

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labor guidance

New Labor Guidance Released for Clean Energy Tax Credits

By Pinion Editorial | December 1, 2022
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Reading Time: < 1 minute
On November 30, 2022 the U.S. Treasury Department unveiled the prevailing wage and apprenticeship guidance. Companies seeking clean energy tax credits under the Inflation Reduction Act must follow these guidelines, published in the Federal Register. The Inflation Reduction Act created and expanded several tax credits, but stipulated that taxpayers could …

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Tax Inflation Adjustments

IRS Releases Tax Inflation Adjustments for 2023 Tax Year

By Pinion Editorial | November 14, 2022
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Reading Time: 2 minutes
While inflation continues to burden Americans with higher prices on what seems like everything, the IRS has released some good news for taxpayers. In October, the IRS unveiled its inflation adjustments for the 2023 tax year with many tax provisions increasing by approximately 7%. This means you could pay a …

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family farms

Kansas Bankers Association March on D.C. Top Takeaways

By Pinion Editorial | October 20, 2022
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Reading Time: 4 minutes
This past September, the Kansas Bankers Association (KBA) leaders participated in a march on Washington, D.C. to advocate for the banking community. As a graduate of the KBA Bank Leaders of Kansas (BLOK) group, Pinion’s Heather Campbell joined the march and the week of meetings and discussions with various bank …

Read moreKansas Bankers Association March on D.C. Top Takeaways

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