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Pinion Insights

BE-12 Survey: Report Deadline Approaches for Foreign Investments

By Pinion Editorial | May 15, 2023
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Reading Time: < 1 minutes
Form BE-12 is a benchmark survey required by the Department of Treasury’s Bureau of Economic Analysis. The BE-12 must be filed every 5 years and 2022 is a reporting year. Paper forms are due May 31, 2023 and e-filed forms are due June 30, 2023.  The survey collects data on foreign business …

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Summary of the IRS Transfer Pricing Audit Increase

By Pinion Editorial | May 3, 2023
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Reading Time: 2 minutes
One of the ways the IRS is going to put its $80 billion to use is increasing the number of transfer pricing audits it conducts. In a nutshell, transfer pricing is the process that establishes whether related party transactions between parties in the U.S. and foreign jurisdictions are priced fairly. …

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Get Relief in a Tight Labor Market

By Pinion Editorial | April 18, 2023
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Reading Time: 2 minutes
Across the U.S., farmers are feeling the pinch of a shrinking workforce. Between competition from other industries, an aging workforce population, and other factors, farmers are feeling the strain of hiring and retaining help. As producers look for new ways to keep up with their growing operational needs, many find …

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The FDIC was Audited. What Does that Mean for Banks?

By Melissa DeDonder | April 18, 2023
Reading Time: 6 minutes
The FDIC recently underwent an examination performed by The Office of Inspector General (OIG). The objective of the audit was to determine whether the FDIC’s Information Technology Risk Examination (InTREx) program effectively assesses and addresses IT and cyber risks at financial institutions. The audit was performed from April 2021 to …

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Case Study: Combining Complex Functions with One Simple Tool

By Pinion Editorial | April 17, 2023
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Reading Time: 3 minutes
Acme Foundry, based in Coffeyville, Kansas, recently needed a new accounting and payroll platform to support their 350-person team. Their existing payroll system was manual, time-intensive and limiting in what it could accomplish. It also happened to be sunsetting, which provided the opportunity for a new HR solution that could …

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How a Contractor and Advisor Deliver Results for Landowners

By Pinion Editorial | April 5, 2023
Reading Time: 3 minutes
Owner and operator of Welke Ag Tile and Drainage Services, Brent Welke provides drainage tile services to farmers across Central Michigan. Last spring – like many business owners juggling several roles and hats – Brent was at his capacity, on track to burnout, and missing time with his family.  “I …

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Firm Announces Five Principal Promotions: Instrumental in Firm’s Growth Strategy

By Pinion Editorial | April 1, 2023
Reading Time: < 1 minutes
April 1, 2023 – Pinion*, a ‘Top 100’ accounting and business advisory firm focused in food and agriculture, biofuels, manufacturing, and regionally-based industries, announced the appointment of five new firm principals: Dari Basore, Geri Arndt, Grant Gattis, Kevin Ananian and Megan Johnson. “These bright leaders have demonstrated an unwavering commitment …

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