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Summary of New SBA Forgiveness FAQs

By K·Coe Editorial | August 6, 2020

Reading Time: 3 minutes In response to questions and requests for clarification surrounding Paycheck Payment Program (PPP) Loan Forgiveness, the Small Business Administration (SBA) released ten pages of Frequently Asked Questions (FAQs) on August 4, 2020. Below, K·Coe advisors have provided a summary of key takeaways for businesses relating to FAQs around Payroll Costs …

Read moreSummary of New SBA Forgiveness FAQs

As Good As It Gets for Estate Planning: Why Time is Money

By K·Coe Editorial | July 29, 2020

Reading Time: 2 minutes While the unsettling times are forcing businesses to rethink strategy, business advisors are steadfast surrounding one key advantage for owners that should not be overlooked:  Estate Planning.  Save the yawns, as the numbers promise to deliver on your bottom line. “This is the best environment for estate planning that we’ve …

Read moreAs Good As It Gets for Estate Planning: Why Time is Money

Combat COVID: How to Move Business Forward During Disruption

By K·Coe Editorial | July 8, 2020

Reading Time: 2 minutes By Jeanne Bernick Next month I’ll join my counterparts from around the country in the K·Coe PRO Summit, a virtual conference designed to help businesses manage operations and navigate impacts during the COVID-19 pandemic and economic crisis. Our business advisors are on the front lines of hearing concerns, navigating issues …

Read moreCombat COVID: How to Move Business Forward During Disruption

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Getting Personal with Business Strategy

We don’t make any major business decisions without talking to K·Coe Isom. They are a partner who has taken a vested interest in our success. I appreciate that they can strategically organize our business so that growth isn’t a challenge. Being nimble and taking advantage of the right opportunities without restructuring our entire business model is key. The relationship we have with K·Coe gives us the sounding board and financial stability we need to be ambitious, while providing valuable insight for what has or hasn’t worked for other organizations.

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Turning the Tide Back in Your Favor

We would not be farming today if not for K·Coe Isom’s efforts.

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Managing a Well-Established Business

We want to be able to measure where we’re at financially so we can manage our risk. People grow corn and say their breakeven is $3.00. But they don’t figure the farm utility bills. They don’t figure equipment cost per acre and per bushel. That’s what we want to know. K·Coe Isom brings the right team together so we get a global picture, not just of the farm, but also of the feed yard and livestock feeding. This is the financial know-how that helps us take our business to the next phase.

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Staying Productive, Profitable, and Independent

As owners, we have made strategic moves to grow the business. Each time we do, we call our business advisors and K·Coe Isom is definitely one of them. They always come up with creative legally sound ideas for keeping money in the business. And that’s what lets us stay locally-owned.

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Establishing a Farm Legacy

Our farm operation is complex with a lot of moving parts. So whether it’s tax planning or estate planning, one thing will undoubtedly impact another. The people at K·Coe Isom are true professionals that know financials in the context of ag operations. They did a great job explaining the tax consequences and options. They made it understandable so we could get group consensus.

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Making a Difference in Your World

Sometimes you have to go out on a limb. That’s the only way you’re going to make a difference, in your business, in your community and in the world. By looking at sustainability from a multi-dimensional perspective, we’ve shown that growers can mitigate their risk and use their progress for a competitive advantage.

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RT @usdaRMA .@USDA is authorizing deadline extensions for premium and administrative fee payments, deferral of interest accrual and other flexibilities to help farmers, ranchers and insurance providers due to the COVID-19 pandemic. go.usa.gov/xfdbA pic.twitter.com/YCTxuvQCmZ

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