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Tax & Accounting

Pro Tax Tips in a Strained Ag Economy

Your Tax Planning Checklist: Are You Well Positioned for Changes Ahead?

By K·Coe Editorial | March 30, 2021
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Reading Time: 2 minutes
With so many changes under the CARES Act, and with new administration policies yet to be determined, it’s important to note that while tax planning remains a challenge for the foreseeable future, it’s crucial to prepare for multiple scenarios and outcomes right now. While many business owners and executives leave …

Read moreYour Tax Planning Checklist: Are You Well Positioned for Changes Ahead?

Navigating Disaster Loan Eligibility

Congress Passes American Rescue Plan: Summary of Key Impacts

By K·Coe Editorial | March 10, 2021
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Reading Time: 3 minutes
The American Rescue Plan Act of 2021 (H.R. 1319) is nearing the finish line. Earlier today, the U.S. House of Representatives passed the $1.9 trillion dollar package following Senate passage last week. President Biden is expected to sign this legislation into law on Friday. The Act is designed to address …

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Estate Tax Planning

Estate Tax Planning: Possible Changes Ahead

By Jim Rein | February 16, 2021
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Reading Time: 2 minutes
No matter what the presidential outcome, there was never any question that the outlook for estate tax planning would be different in 2021.  How much different was dependent upon who controlled the presidency and the Congress.  With Democrats now in power on both of those fronts, the logical question now …

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New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

Business Tax Update: New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

By Sandy Sporleder | January 18, 2021
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Reading Time: 3 minutes
After a 38-year absence, Form 1099 Nonemployee Compensation Tax has made its return in the 2020 tax year, and its January 31 deadlines are right around the corner.  Don’t panic – here’s everything you need to know about the revived form, and how it is intended to be used. For …

Read moreBusiness Tax Update: New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

Meal and Entertainment Deductions

Business Tax Update: Many Meal and Entertainment Deductions Have Increased

By Sandy Sporleder | January 10, 2021
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Reading Time: 2 minutes
In an effort to provide additional stimulus funding, The Consolidated Appropriations Act was signed by the President on December 27, 2020.  Included in the guidance were changes to deductions for business meals in tax years 2021 and 2022. New Provisions include Higher Temporary Meal Deductions In an effort to stimulate …

Read moreBusiness Tax Update: Many Meal and Entertainment Deductions Have Increased

Paycheck Protection Program

SBA Issues New PPP2 Guidance for Businesses

By Beth Swanson | January 7, 2021
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Reading Time: 2 minutes
Good news for businesses as guidance from the U.S. Small Business Administration (SBA) and Treasury has been issued regarding the second round of Paycheck Protection Program (PPP) funding. “It was expected that there would be changes and corrections in interpretation and meaning following the COVID-19 relief bill, and numerous SBA …

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Pinion Insights

EIDL Program Updates: Replenished Funding and New Targeted Guidelines

By K·Coe Editorial | January 4, 2021
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Reading Time: 3 minutes
While much attention has been given to the recently-signed “Consolidated Appropriations Act, 2021” that provides crucial COVID-19 relief and has created a second round of Paycheck Protection Program (PPP) loans for small businesses, a few overshadowed – but important – updates have been made to the Economic Injury Disaster Loan …

Read moreEIDL Program Updates: Replenished Funding and New Targeted Guidelines

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