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K·Coe Insights

Why Do Family Businesses Fail at Succession Planning?

By K·Coe Editorial | July 27, 2016
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Reading Time: 2 minutes A majority of family-owned businesses fail to transition because of lack of communication and trust. This can be avoided with proper succession planning and help from a team of advisors. Family-owned businesses represent more than 90% of all enterprises in the United States. Of those, 30% are second-generation businesses, 12% …

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Proper Recognition of Loan Origination Fees and Costs

By K·Coe Editorial | July 20, 2016

Reading Time: 2 minutes The practice of many banks is to immediately recognize loan origination fees and costs directly to income and expense at the time of loan origination. This practice runs counter to Generally Accepted Accounting Principles (GAAP) and puts banks at risk of being out of regulatory compliance on call reports. Accounting …

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Feeling charitable? Use a charitable remainder trust to gift commodities or equipment

By Doug Mitchell | June 28, 2016

Reading Time: 2 minutes If you are charitably inclined, thinking about selling your crops, livestock, equipment or retiring from farming altogether and interested in deferring the income tax on the sale of those assets you should be considering a charitable remainder trust (CRT). Here’s how it works. First, work with an advisor to create …

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Colorado income tax deduction created for leasing agricultural assets to new farmers

By K·Coe Editorial | June 27, 2016

Reading Time: 3 minutes Colorado—Income Tax: Deduction Created for Leasing Out Agricultural Assets Colorado Gov. John Hickenlooper has signed legislation creating a corporate and personal Colorado income tax deduction for taxpayers that lease an agricultural asset, which is defined as “land, crops, livestock, livestock facilities, farm equipment, grain storage, or irrigation equipment,” to a beginning farmer …

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Sustainable farming is about triple-bottom-line management

By Emily Johannes | March 29, 2016
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Reading Time: 2 minutes Every week I speak with more producers who are struggling with managing the bottom line and, at the same time, hit an invisible moving target called customer preferences. Here at K·Coe Isom we have services called ResourceMax™ and AgKnowledge. Our team works with farmers interested in sustainable farming to collect …

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