Providing expert business insights, regulation updates, and savvy financial solutions.

Pinion Insights

USDA Expands and Extends the Coronavirus Food Assistance Program for Producers

USDA Expands and Extends the Coronavirus Food Assistance Program for Producers

By K·Coe Editorial | August 12, 2020
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Reading Time: 2 minutes
For a summary of the January 15, 2021 USDA updates click here. On August 11, 2020, the U.S. Department of Agriculture (USDA) extended and expanded the Coronavirus Food Assistance Program (CFAP) intended to aid farmers and ranchers suffering from negative effects of the COVID-19 pandemic. High-level Takeaways for Producers: Final …

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Pro Tax Tips in a Strained Ag Economy

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

By K·Coe Editorial | August 11, 2020
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Reading Time: 2 minutes
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 After …

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IRS Bulletin

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 IRS 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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Loan Origination Fees

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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Paycheck Protection Program

Summary of New SBA Forgiveness FAQs

By K·Coe Editorial | August 6, 2020
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Reading Time: 4 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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Estate Planning

As Good As It Gets for Estate Planning: Why Time is Money

By Pinion 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 …

Read moreAs Good As It Gets for Estate Planning: Why Time is Money

Combat COVID: How to Move Business Forward During Disruption

Combat COVID: How to Move Business Forward During Disruption

By Pinion Editorial | July 8, 2020
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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 disruption and impacts during the COVID-19 pandemic and economic crisis. Our business advisors are on the front lines of hearing concerns, …

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Paycheck Protection Program

SBA Paycheck Protection Program Application Deadline Extended

By Pinion Editorial | July 6, 2020
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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 …

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