K·Coe Insights: Posts from category

Tax & Accounting

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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Tax Reform Prompts Businesses to Rethink Employee Leave Policies

By Brad Mohrmann | January 15, 2019
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Reading Time: 2 minutes While there tends to be focus on the larger line items resulting from the Tax Cuts and Jobs Act of 2017, there are some lesser-known tax breaks within this tax reform that have created incentives for business owners to reconsider the benefits they extend to employees when they take family …

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Improving Lending Chances & Truths about Alternative Lending

By K·Coe Editorial | December 31, 2018
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Reading Time: 1 minute By now, people around the globe know it’s been a particularly tough year for U.S. agriculture. Don’t think for a second that your banker isn’t among them. Lenders have been vigilant in monitoring the eroding profit margins for many agribusinesses, and if you’re not trying to improve your borrowing position, you …

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What to Expect from Your Accountant this Tax Year

By K·Coe Editorial | November 28, 2018
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Reading Time: 3 minutes Many farmers and ranchers stand to benefit from tax law changes brought about by 2017’s Tax Cuts and Jobs Act (TCJA). Numerous changes have been made in the areas of accounting rules and depreciation. Here are some of those changes, along with details about how they may impact planning for …

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