Pinion Insights: Posts from category

Tax & Accounting

Technology Farmers will Invest in Over the Next Five Years

Data Technologies and Trends Farmers will Invest in Over the Next Five Years

By Pinion Editorial | April 18, 2022
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Reading Time: 2 minutes
Technology has been empowering agriculture since machines replaced the ox and plow. Consider what GPS-guided tractors, moisture tracking sensors, plant genetics, and livestock breeding have done in just the last few decades to propel farmers and ranchers to higher production and profitability. Now, financial technology has emerged as the latest …

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Single Platform, Powerful Data Solution for Farmers Emerges from Semios' Acquisition of Agworld

How Ag Operations Can Leverage Financial Technology

By Pinion Editorial | April 14, 2022
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Reading Time: 2 minutes
Until now, farmers and ranchers faced a roadblock between the key metrics they could collect and how to truly use them. The good news is these high-tech financial technology platforms overcome the barrier between farm data and management decisions. The latest financial technology uses artificial intelligence (AI), automation, and cloud-based …

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Double-Check Your Child Tax Credit Calculations: Updated Guidance Released

Double-Check Your Child Tax Credit Calculations: Updated Guidance Released

By K·Coe Editorial | January 24, 2022
Reading Time: 2 minutes
At the end of December 2021, the IRS began sending out Letter 6419 to provide information on the total amounts of the 2021 advance Child Tax Credit (CTC) payments and the number of qualifying children used to calculate the advanced payments, and the repayment protection when filing 2021 federal tax …

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Accounting Firm

What’s in the Infrastructure Bill and BBB Plan: Impacts for Agribusinesses

By Brian Kuehl | November 18, 2021
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Reading Time: 2 minutes
President Biden recently signed into law the $1.2 trillion bipartisan infrastructure bill that has been stalled in Congress for several months. Below is a summary of the tax provisions included in that bill that could impact producers. Infrastructure Bill’s Takeaways for Ag Elimination of Employee Retention Credit (ERC): The infrastructure bill …

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USDA Farm Program Deadlines

Perform These Financial Checks Now to Ease Farm Decisions for 2022

By K·Coe Editorial | November 12, 2021
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Reading Time: 2 minutes
With the fourth quarter of 2021 already in progress and harvest season behind us, now is a great time to perform an overall financial checks for your business. “We recommend that farm operations do this annually,” says principal Brad Palen of KCoe Isom. “Not only does it provide you with …

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family farms

Tax Update: As Proposed Tax Changes Shift Focus, Businesses Ask “What Impacts Will There Be?”

By Pinion Editorial | October 28, 2021
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Reading Time: 2 minutes
With the release of a new “Build Back Better” framework from the White House, and with news from Washington D.C. on what is being called ‘The Billionaires Income Tax’, the anticipated impact to businesses and individuals is expected to be greatly minimalized.    KCoe Isom’s tax experts have surveyed the lastest proposals and report that it …

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It’s Time to Cut Your Taxes: Use Exemptions Now or Pay Later

By Pinion Editorial | September 29, 2021
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Reading Time: 2 minutes
“Someone’s sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffett   Why Waiting to Plan for Your Estate is a Costly Gamble Let’s cut to the chase:  It’s a gut punch to hand over your hard-earned money to the IRS in the …

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Pro Tax Tips in a Strained Ag Economy

Advisors Urge Tax Planning for New Business Income Concerns

By Pinion Editorial | September 24, 2021
Reading Time: 2 minutes
While some of the highly debated tax legislation changes have been omitted from the proposed tax language, there are still a few potential pitfalls and opportunities that need attention right now. KCoe Isom’s tax advisors have assessed the potential tax implications and are recommending that businesses alter year-end tax planning …

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