K·Coe Insights: Posts authored by

K·Coe Editorial

CFAP2 Payments Announced: Summary of Applicability

By K·Coe Editorial | September 18, 2020

Reading Time: 3 minutes It has been the talk of the Ag sector throughout the last few weeks: expectations for another round of Coronavirus Food Assistance Program (CFAP) for producers affected by the COVID-19 pandemic. President Trump gave official confirmation in a campaign rally speech in Wisconsin on September 17. While the original CFAP1 …

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Personal Rentals for Business: What’s Considered Taxable Income vs. a Deduction, or Neither?

By K·Coe Editorial | September 17, 2020

Reading Time: 2 minutes The Internal Revenue Code provides guidelines for what activities constitute income or deductions for individual residences.  Below is a high-level overview for consideration. Residence rentals:  If an individual rents out a dwelling they use as a residence for fewer than 15 days per year, neither income nor deductions relating to …

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Leasing Standard Update: Effective Date, Balance Sheet and Call Reports Affected

By K·Coe Editorial | September 16, 2020

Reading Time: 2 minutes Overview This leasing standard (ASC 842) may not only affect a bank’s balance sheet, but also the balance sheet of its customers. Banks will be directly and indirectly affected by this new standard. No matter the asset size of the bank, almost all lease some type of asset. That could …

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PPP Forgiveness: Should Borrowers Apply Right Now?

By K·Coe Editorial | September 2, 2020

Reading Time: 2 minutes Now that the SBA’s forgiveness eligibility for Paycheck Protection Program (PPP) loans is now open, are you (and your borrowers) applying for forgiveness? K·Coe advisors have been closely assessing the rules and monitoring for potential changes, and we fully expect more SBA guidance to be released on PPP forgiveness for …

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New IRS Guidance Released to Help Employers Make Payroll Tax Deferral Decisions

By K·Coe Editorial | August 31, 2020

Reading Time: 3 minutes You may remember that earlier this month, the President signed an executive order directing the Department of Treasury to defer withholding, deposit, and payment of employees’ social security taxes through the end of 2020.  At that point, K·Coe advisors recommended to hold tight as clarifications were needed to answer implementation …

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How to Handle Property Casualties in the Wake of Disaster

By K·Coe Editorial | August 25, 2020

Reading Time: 4 minutes As fires rage and rampage through large areas of California, the destruction of residences, outbuildings, and commercial buildings has been widespread. K·Coe Isom has been fielding questions and concerns from many of our clients regarding their property casualties from the derecho, hurricanes, and fires. Our business advisors have created an …

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5 Tips to Move Ag Business Forward During Economic Disruption

By K·Coe Editorial | August 20, 2020

Reading Time: 3 minutes While production agriculture is no stranger to facing adversity and adaptation, no one could argue that the disruption caused by the COVID-19 pandemic has required unprecedented response and strategy. As business advisors, K·Coe has been on the front lines of hearing concerns, navigating issues and fielding questions during these unsettling …

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