Pinion Insights: Posts from category

Tax & Accounting

IRA Tax Credits

Summary of IRA Tax Credits for Ag and Clean Energy

By Pinion Editorial | August 12, 2022
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Reading Time: 2 minutes
On August 7th, the U.S. House of Representatives voted to pass the Inflation Reduction Act (IRA) of 2022. The bill is now expected to be signed into law by President Biden. Pinion advisors have provided a high-level summary of the key IRA tax credits takeaways specific to agriculture and clean energy. …

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Inflation Reduction Act

Overview of the Inflation Reduction Act

By Pinion Editorial | August 12, 2022
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Reading Time: 2 minutes
Following its approval by the U.S. Senate on August 7, the U.S. House of Representatives has passed the Inflation Reduction Act (IRA) – also referred to as the $700 billion climate, health care, and tax bill.  The legislation is now expected to be signed into law by President Biden.   While …

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A Look at the Modern Audit: Are You Missing Out?

A Look at the Modern Audit: Are You Missing Out?

By Pinion Editorial | June 2, 2022
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Reading Time: 2 minutes
While most companies think of audits as an annual necessity, the vast majority typically keep to the same old standards and don’t know to ask for more. But the modern audit process has changed, and businesses should raise their expectations accordingly. Today’s audit should extend beyond bringing in accountants to …

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Captive Insurance Policies

The Potential Cost of Policy Changes: Will Agribusinesses Lose Out with Captive Insurance Policies?

By Beth Swanson | April 27, 2022
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Reading Time: 2 minutes
While it’s still in its infancy, there is a notable provision amongst President Biden’s proposed green book that has advisors in the ag industry abuzz.  Tax experts are watching closely at what may take shape moving forward.  Why?  Because it could result in high tax rates and increased premiums for …

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Technology Farmers will Invest in Over the Next Five Years

Data Technologies and Trends Farmers will Invest in Over the Next Five Years

By Pinion Editorial | April 18, 2022
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Reading Time: 2 minutes
Technology has been empowering agriculture since machines replaced the ox and plow. Consider what GPS-guided tractors, moisture tracking sensors, plant genetics, and livestock breeding have done in just the last few decades to propel farmers and ranchers to higher production and profitability. Now, financial technology has emerged as the latest …

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Single Platform, Powerful Data Solution for Farmers Emerges from Semios' Acquisition of Agworld

How Ag Operations Can Leverage Financial Technology

By Pinion Editorial | April 14, 2022
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Reading Time: 2 minutes
Until now, farmers and ranchers faced a roadblock between the key metrics they could collect and how to truly use them. The good news is these high-tech financial technology platforms overcome the barrier between farm data and management decisions. The latest financial technology uses artificial intelligence (AI), automation, and cloud-based …

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Double-Check Your Child Tax Credit Calculations: Updated Guidance Released

Double-Check Your Child Tax Credit Calculations: Updated Guidance Released

By K·Coe Editorial | January 24, 2022
Reading Time: 2 minutes
At the end of December 2021, the IRS began sending out Letter 6419 to provide information on the total amounts of the 2021 advance Child Tax Credit (CTC) payments and the number of qualifying children used to calculate the advanced payments, and the repayment protection when filing 2021 federal tax …

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Accounting Firm

What’s in the Infrastructure Bill and BBB Plan: Impacts for Agribusinesses

By Brian Kuehl | November 18, 2021
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Reading Time: 2 minutes
President Biden recently signed into law the $1.2 trillion bipartisan infrastructure bill that has been stalled in Congress for several months. Below is a summary of the tax provisions included in that bill that could impact producers. Infrastructure Bill’s Takeaways for Ag Elimination of Employee Retention Credit (ERC): The infrastructure bill …

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