K·Coe Insights: Posts authored by

K·Coe Editorial

PPP Applicants are Stuck Fighting Fraud due to Security Breaches

By K·Coe Editorial | September 25, 2020

Reading Time: 2 minutes In recent weeks, we have learned of an uptick in fraud cases for businesses who have applied for Paycheck Protection Program (PPP) funds for coronavirus disruption relief. Businesses on the receiving end of this type of fraud have discovered it only after receiving an official document from the SBA via …

FSA Publishes Final Rule on Payment Limitation and Payment Eligibility: Key Takeaways for Producers

By K·Coe Editorial | September 1, 2020

Reading Time: 3 minutes In a rather atypical fashion, the USDA published a Final Rule for Payment Limitation and Payment Eligibility on August 24, 2020. The rule states that it was published to implement mandatory changes required by the Agriculture Improvement Act of 2018 (2018 Farm Bill). Why atypical? While the Farm Service Agency …

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 …

SBA Paycheck Protection Program Application Deadline Extended

By K·Coe Editorial | July 6, 2020

Reading Time: < 1 minute As the original June 30 deadline passed for small businesses to apply for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the Senate and House worked quickly to unanimously pass an extension proposal. This past Saturday, President Trump signed the extension allowing businesses to apply for assistance through August …

Paycheck Protection Program (PPP): Considerations When Applying

By K·Coe Editorial | April 2, 2020

Reading Time: 2 minutes As Paycheck Protection Program (PPP) applications are slated to start on April 3, K·Coe Isom advisors have been getting many questions and requests for guidance. We’d like to clear the air, and provide some important considerations – for the benefit of businesses. Important Loan Forgiveness Update Clarification was released this …

CARES Act FAQs: Helpful Loan Guidance for Businesses

By K·Coe Editorial | April 1, 2020

Reading Time: 6 minutes Since its passage on March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act continues to be aggressively dissected, digested, and questioned by lawyers, accountants, HR and payroll administrators alike – with the intent to help businesses secure funding to endure the economic downturn caused by the COVID-19 pandemic. …

COVID-19 Disaster Plan Relief: Tax Opportunities for Employers and Employees

By K·Coe Editorial | March 27, 2020

Reading Time: 2 minutes Tax experts are dusting off a little-used tax law (enacted in 2002 following September 11th attacks) that is coming in handy for businesses dealing with COVID-19 today. Section 139 allows employers to make “qualified disaster relief payments” to employees to assist in managing their expenses during the COVID-19 pandemic. The …

IRS Waives Estimated Tax Payment for Farmers Filing and Paying Tax by April 15

By K·Coe Editorial | March 1, 2019

Reading Time: < 1 minute The IRS has agreed to last-minute relief for farmers by extending their filing due date to April 15, 2019 – and withdrawing the underpayment penalty for those not making the Jan 15 tax estimate. This waiver of penalties for underpayment of taxes by farmers stems from tax provision uncertainties. “This …