K·Coe Insights: Posts from category

Tax & Accounting

2019 Tax Filing Alert: Reporting Rules for Partnership Interests set to Change

By K·Coe Editorial | October 30, 2019

Reading Time: 1 minute Schedule K-1, the Internal Revenue Service (IRS) tax form issued annually for investment in partnership interests, is awaiting finalization of changes that could impact 2019 tax reporting.  Schedule K-1 is used to report each partner’s share of the partnership’s earnings, losses, deductions, and credits.  Under the current expectation that the …

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Are You Ready for a Growth Spurt?

By K·Coe Editorial | October 17, 2019
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Reading Time: 2 minutes “Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney Every business faces its share of challenges. Some are beyond our control, such as economic uncertainty, declines in customer spending, and regulatory factors. Other challenges encompass the creative innovation, development, and marketing …

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Getting Ahead of Carbon Regulation: 4 Action Items for Businesses

By K·Coe Editorial | September 23, 2019
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Reading Time: 2 minutes With the intent to deliver practical actions to address global greenhouse gas emissions, the United Nations (UN) Secretary-General’s Climate Action Summit is underway in New York.  This year’s summit is garnering significant media attention, in part because many young climate activists from across the globe are voicing their concerns over …

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IRS Changes Rules for Health Insurance Premiums, Employers Could Benefit

By K·Coe Editorial | August 28, 2019
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Reading Time: 2 minutes A monumental change has been announced by the IRS recently – and both large and small employers stand to benefit. Beginning January 1, 2020, large and small employers may reimburse employees for the cost of individual health insurance policies using an individual coverage health reimbursement arrangement (ICHRA). Previously, the IRS …

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How Working Capital Can Make or Break You

By K·Coe Editorial | May 20, 2019
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Reading Time: 2 minutes Today’s ag environment shows commodity prices are below break-even for some operators, while barely budging the break-even level for others.  Economists have referred to this situation as “a grinder effect.” Meaning, the profitability level is grinding away at working capital little by little. Ultimately, this effect impacts the efforts needed …

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IRS Issues Small Business Reminders

By K·Coe Editorial | May 13, 2019
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Reading Time: 1 minute ‘Small Business Week’ prompted the IRS to publish reminders for entrepreneurs and small businesses on how they can better estimate their tax situation and plan ahead.  There are some new credits available, and new guidelines as a result of the Tax Cuts and Jobs Act of 2017 that can help …

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New Opportunity Zone Tax Benefits Make an Attractive Investment

By K·Coe Editorial | January 21, 2019
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Reading Time: 2 minutes Established within the Tax Cuts and Jobs Act of 2017, the new Opportunity Zone legislation was created to develop economically-distressed communities across the United States by incentivizing long-term investments in these communities with tax benefits. The intention of the Opportunity Zone program overall is to stimulate economic development and job …

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Don’t Forget: 2019 Standard Mileage Rates Have Changed

By K·Coe Editorial | January 16, 2019
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Reading Time: 1 minute The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of 2017 (tax reform). While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck …

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