K·Coe Insights: Posts authored by

K·Coe Editorial

Executive Order on Employee Payroll Taxes: Should Employers Take Action?

By K·Coe Editorial | August 11, 2020
Reading Time: < 1 minute View the update from August 31, 2020 here. On August 8, the President signed an executive order directing the Department of Treasury to defer withholding, deposit, and payment of employees’ social security taxes beginning September 1 through the end of 2020. Employers and Employees Should Wait for More Guidance Following …

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Notice for Your Customers: New IRS Bulletin Warns of Security Threats

By K·Coe Editorial | August 6, 2020
Reading Time: 3 minutes In an effort to help satisfy your bank’s annual requirement to educate customers, we wanted to share the following security bulletin to easily post on your website for public notice. The IRS is urging all Americans to be vigilant to these threats, especially during the pandemic and its aftermath.  Here …

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Guidance for Correct DOEP Procedures Post M&A

By K·Coe Editorial | August 6, 2020
Reading Time: 3 minutes By: Heather Campbell, CIA Many banks seek guidance for what happens to the Designation of Exempt Person (DOEP) forms following mergers/acquisitions (M&A). Compiled below are some tidbits of information to help decide upon what needs to be done with regards to the bank’s Bank Secrecy Act (BSA)/Anti-money Laundering (AML) procedures …

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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 …

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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 …

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KCoe Isom Deepens Food & Ag Advisory with Expanded Offerings and New Global Footprint

By K·Coe Editorial | July 1, 2020
Reading Time: 3 minutes July 1, 2020 – K·Coe Isom, the nation’s leading accounting and consulting firm for food and ag businesses, announced today the founding of an agriculture-focused advisory team,  Pinion Advisory, to serve agriculture businesses throughout the U.S. and Australia. The Pinion advisory model, Pinion FIRST, will focus on five critical business …

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Giving Back: IRS Eases Ability to Set Up Employer Leave Donation Programs for COVID-19 Victims

By K·Coe Editorial | June 25, 2020
Reading Time: < 1 minute In response to the need to provide relief to victims of the COVID-19 pandemic, many employers are considering leave-based donation programs. Under these programs, employees may elect to forgo vacation, sick, or personal leave in exchange for employer contributions to charitable organizations. The icing on the cake?  The IRS has …

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What You Need to Know Now and Later: Paycheck Protection Program Flexibility Act

By K·Coe Editorial | June 17, 2020
Reading Time: 3 minutes For many businesses, it seems as though every time they blink there’s another Paycheck Protection Program (PPP) update to digest.  It’s a reality that accompanies the quick development and release of the Small Business Administration’s (SBA) program for economic relief due to COVID-19.  The need for updates soon becomes apparent …

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