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K·Coe Insights

What to Do with Fraudulent Unemployment Claims and Receipt of a 1099-G

By Kerry Hatzenbuehler | February 25, 2021

Reading Time: 2 minutes Scammers are taking advantage of the COVID-19 pandemic and states across the country are seeing an increase in reports of unemployment claim fraud due to identity theft. It’s important to know what to do – as family members, employees, and customers may be looking for help after receiving notice that …

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TEFRA Revisited: Be Careful to Consider Tax Implications

By Sandy Sporleder | February 25, 2021

Reading Time: < 1 minute As we’re preparing tax returns, we’ve noticed a lot more activity in non-bank-qualified bonds.  As you’re pricing these bonds, you’ll want to take into consideration the tax implications.  The projected yield may not be what you think it is. Over the years, there has been lots of discussion regarding the …

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Uptick in Community Bank Fraud Requires High Alert Right Now

By Heather Campbell | February 25, 2021

Reading Time: 2 minutes Statistics indicate that fraud has accelerated for community banks recently, and the uncertainty surrounding the impacts of the pandemic and election results seem to be the cause.  People are feeling anxious and many are desperate to make ends meet. Banks should be on high alert for both internal fraud with …

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A Look at the Modern Audit: Are You Missing Out?

By K·Coe Editorial | February 23, 2021
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Reading Time: 2 minutes While most companies think of audits as an annual necessity, the vast majority typically keep to the same old standards and don’t know to ask for more. But the audit process has changed, and businesses should raise their expectations accordingly. Today’s audit should extend beyond bringing in accountants to ensure …

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Estate Tax Planning: Possible Changes Ahead

By Jim Rein | February 16, 2021
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Reading Time: 2 minutes By Jim Rein, CPA No matter what the presidential outcome, there was never any question that the outlook for estate 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 …

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Ag Update: 4 Notable Items for Farms and Ranches under USDA Farm Programs

By Matthew Farrell | February 3, 2021
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Reading Time: 3 minutes In an effort to provide additional support to farms and ranches due to the Coronavirus pandemic, the United States Department of Agriculture (USDA) recently made changes to some of its Farm Programs.  Below is a summary of notable impacts for agribusinesses. USDA Suspends Actions on Delinquent Borrowers Farm Storage Facility …

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USDA Pauses Additional Assistance for CFAP1 and CFAP2, Second Stimulus (CFAP3) Funds Largely Unaffected

By Matthew Farrell | February 3, 2021
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Reading Time: 2 minutes A series of announcements have been made regarding CFAP funding recently.  Below, K·Coe’s Farm Program Services team has summarized what you need to know about the temporary pause on CFAP assistance. Recent Turn of Events On January 15, the USDA announced additional assistance would be provided for limited producers. On …

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Ag Marketing Strategy: 5 Traits Found in Resilient Producers

By Eric Osterhaus | January 29, 2021
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Reading Time: 8 minutes With the start of 2021, the obvious “silver lining” is that despite all of the headlines, we are now experiencing some of the best commodity prices we have seen in the last six years.  But despite the unexpected rise to profitable prices, there are still some producers feeling as if …

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