K·Coe Insights: Posts from category

Tax & Accounting

It’s Time to Cut Your Taxes: Use Exemptions Now or Pay Later

By K·Coe Editorial | September 29, 2021
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Reading Time: 2 minutes “Someone’s sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffett   Why Waiting to Plan for Your Estate is a Costly Gamble Let’s cut to the chase:  It’s a gut punch to hand over your hard-earned money to the IRS in the …

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Advisors Urge Tax Planning for New Business Income Concerns

By K·Coe Editorial | September 24, 2021
Reading Time: 2 minutes While some of the highly debated tax legislation changes have been omitted from the proposed tax language, there are still a few potential pitfalls and opportunities that need attention right now. KCoe Isom’s tax advisors have assessed the potential tax implications and are recommending that businesses alter year-end strategies to …

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How the Newly Proposed Tax Package Impacts Ag: Actions Needed

By Beth Swanson | September 14, 2021
Reading Time: 2 minutes Yesterday’s proposed tax package by the Democrats in the U.S. House of Representatives was applauded by the agriculture industry as it eliminated the possibility of changes to the step-up in basis.  “We were pleased to see the capital gains tax at death was omitted from this proposed tax language.  It …

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A Look Ahead: Early Employee Retention Credit Expiration Proposed

By Clinton Baker | August 13, 2021
Reading Time: 2 minutes On August 10, 2021, the Senate passed its infrastructure package detailing the federal government’s investments in America’s roads, rails, waterways, and communications systems. Among the provisions that have been slated to pay for these investments is an early end to the historic Employee Retention Tax Credit (ERTC). Under current law, …

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Senate Democrats’ Budget Release Provides Insight to Congress’s Tax Priorities

By Clinton Baker | August 10, 2021
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Reading Time: 2 minutes An internal memo outlining the Senate’s $3.5 trillion budget framework plan was released by Senate Democrats today.  The “fully-paid-for” plan includes specific spending targets as well as a $1 billion reduction in the deficit.  KCoe’s tax advisors have broken down the highlights for impacts to taxpayers and businesses. The Tax …

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Green Book Summary: Expectations for Upcoming Tax Reform

By K·Coe Editorial | June 3, 2021
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Reading Time: 3 minutes Alongside the release of President Biden’s budget proposal, the Department of Treasury has published its “Green Book” – comprised of insights into the tax proposals that make up some of the line items of the budget. While the President’s budget proposal has no effect of law, its details do typically …

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How to Secure and Update an Estate Plan Ahead of Changes

By Jim Rein | May 17, 2021
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Reading Time: 2 minutes With the buzz around Washington, D.C. about the looming tax changes ahead, estate planning is on top of the list to have the most potential for impacts to individuals and business owners.  “Our phones have seen a definite uptick in activity with questions about considerations and alterations around estate plans, …

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