Pinion Insights: Posts from category

Tax & Accounting

bonus depreciation

100% Bonus Depreciation: Important Changes Coming January 1, 2023

By Pinion Editorial | October 20, 2022
, ,
Reading Time: < 1 minute
As we head into tax planning season, you need to be aware of important changes coming to bonus depreciation coming January 1, 2023. The Tax Cuts and Jobs Act (TCJA) has allowed banks to take 100% bonus depreciation on qualified property both acquired and placed in service after September 27, …

Read more100% Bonus Depreciation: Important Changes Coming January 1, 2023

cybersecurity

Updated Cybersecurity Resource for Community Banks

By Pinion Editorial | October 5, 2022
,
Reading Time: 3 minutes
It may not be the top item on your daily agenda, but tightening and maintaining security controls is imperative, and should be something you evaluate regularly.  Just ahead of the annual ‘Cybersecurity Month’ reminder, the FFIEC released an update to their Cybersecurity Resource Guide for Financial Institutions with the purpose of …

Read moreUpdated Cybersecurity Resource for Community Banks

California Drought Relief Grant Program

Summary of California Drought Relief Grant Program

By Pinion Editorial | October 4, 2022
, , , , , ,
Reading Time: 3 minutes
AB 157, signed into law by Gov. Newsom on September 27, 2022, includes the creation of the “California Small Agricultural Business Drought Relief Grant Program”, for qualified small agricultural businesses who are impacted by drought according to USDA data. The program has been funded with $75M, and may be funded …

Read moreSummary of California Drought Relief Grant Program

livestock

Summary of Tax Options for Drought-Related Livestock Sales

By Pinion Editorial | September 21, 2022
,
Reading Time: 2 minutes
According to the USDA, roughly 37% of the U.S. states are classified as experiencing extreme or exceptional drought as of September 2022. As water and feed sources are drying, many farmers are making the difficult decision to reduce their herds. For people facing that decision, there are two tax treatments …

Read moreSummary of Tax Options for Drought-Related Livestock Sales

IRA Tax Credits

Summary of IRA Tax Credits for Ag and Clean Energy

By Pinion Editorial | August 12, 2022
, , , , , , ,
Reading Time: 2 minutes
On August 7th, the U.S. House of Representatives voted to pass the Inflation Reduction Act (IRA) of 2022. The bill is now expected to be signed into law by President Biden. Pinion advisors have provided a high-level summary of the key IRA tax credits takeaways specific to agriculture and clean energy. …

Read moreSummary of IRA Tax Credits for Ag and Clean Energy

Inflation Reduction Act

Overview of the Inflation Reduction Act

By Pinion Editorial | August 12, 2022
, , , , , , , ,
Reading Time: 2 minutes
Following its approval by the U.S. Senate on August 7, the U.S. House of Representatives has passed the Inflation Reduction Act (IRA) – also referred to as the $700 billion climate, health care, and tax bill.  The legislation is now expected to be signed into law by President Biden.   While …

Read moreOverview of the Inflation Reduction Act

A Look at the Modern Audit: Are You Missing Out?

A Look at the Modern Audit: Are You Missing Out?

By Pinion Editorial | June 2, 2022
, , , , , , , , , ,
Reading Time: 2 minutes
While most companies think of audits as an annual necessity, the vast majority typically keep to the same old standards and don’t know to ask for more. But the modern audit process has changed, and businesses should raise their expectations accordingly. Today’s audit should extend beyond bringing in accountants to …

Read moreA Look at the Modern Audit: Are You Missing Out?

Captive Insurance Policies

The Potential Cost of Policy Changes: Will Agribusinesses Lose Out with Captive Insurance Policies?

By Beth Swanson | April 27, 2022
,
Reading Time: 2 minutes
While it’s still in its infancy, there is a notable provision amongst President Biden’s proposed green book that has advisors in the ag industry abuzz.  Tax experts are watching closely at what may take shape moving forward.  Why?  Because it could result in high tax rates and increased premiums for …

Read moreThe Potential Cost of Policy Changes: Will Agribusinesses Lose Out with Captive Insurance Policies?

Categories