K·Coe Insights: Posts from category

Tax & Accounting

The New Normal for Managing Forecasts and Cash Flow: 3 Steps to Move Business Forward

By K·Coe Editorial | October 16, 2020
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Reading Time: 3 minutes Cash flow management and forecasting are, and will always be, integral elements to business success.  But 2020 has changed the course of ‘business as usual’ for the forecasting process of manufacturing operations large and small, and all around the globe.  In fact, COVID-19 has drastically changed everything we traditionally apply …

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Personal Rentals for Business: What’s Considered Taxable Income vs. a Deduction, or Neither?

By K·Coe Editorial | September 17, 2020
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Reading Time: 2 minutes The Internal Revenue Code provides guidelines for what activities constitute income or deductions for individual residences.  Below is a high-level overview for consideration. Residence rentals:  If an individual rents out a dwelling they use as a residence for fewer than 15 days per year, neither income nor deductions relating to …

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New IRS Guidance Released to Help Employers Make Payroll Tax Deferral Decisions

By K·Coe Editorial | August 31, 2020
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Reading Time: 3 minutes You may remember that earlier this month, the President signed an executive order directing the Department of Treasury to defer withholding, deposit, and payment of employees’ social security taxes through the end of 2020.  At that point, K·Coe advisors recommended to hold tight as clarifications were needed to answer implementation …

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How to Handle Property Casualties in the Wake of Disaster

By K·Coe Editorial | August 25, 2020
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Reading Time: 4 minutes As fires rage and rampage through large areas of California, the destruction of residences, outbuildings, and commercial buildings has been widespread. K·Coe Isom has been fielding questions and concerns from many of our clients regarding their property casualties from the derecho, hurricanes, and fires. Our business advisors have created an …

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Employers with Retirement Plans Get Increase in Tax Credits

By K·Coe Editorial | August 24, 2020

Reading Time: 2 minutes The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) includes increased tax credits for qualified costs incurred in the setup and administration of an eligible retirement plan. Eligible employers may be able to qualify for a tax credit up to $5,000 for each of the first …

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5 Tips to Move Ag Business Forward During Economic Disruption

By K·Coe Editorial | August 20, 2020
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Reading Time: 3 minutes While production agriculture is no stranger to facing adversity and adaptation, no one could argue that the disruption caused by the COVID-19 pandemic has required unprecedented response and strategy. As business advisors, K·Coe has been on the front lines of hearing concerns, navigating issues and fielding questions during these unsettling …

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2020: A Year of Crisis and Hope

By K·Coe Editorial | August 17, 2020
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Reading Time: 3 minutes I look out my window in Eastern Iowa and see uprooted oak trees that once stood as guardians of our neighborhood. A displaced street light pole threatens my dining room window, and my backyard has an extra trampoline – blown over from the neighbor’s yard 200 feet away. I can …

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

By K·Coe Editorial | August 11, 2020
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Reading Time: < 1 minute 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 Following …

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