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Pinion Insights

labor guidance

New Labor Guidance Released for Clean Energy Tax Credits

By Pinion Editorial | December 1, 2022
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Reading Time: < 1 minute
On November 30, 2022 the U.S. Treasury Department unveiled the prevailing wage and apprenticeship guidance. Companies seeking clean energy tax credits under the Inflation Reduction Act must follow these guidelines, published in the Federal Register. The Inflation Reduction Act created and expanded several tax credits, but stipulated that taxpayers could …

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How the Holidays Can Shape Your Family Legacy

How the Holidays Can Shape Your Family Legacy

By Jeanne Bernick | November 22, 2022
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Reading Time: 2 minutes
By Jeanne Bernick, Certified Family Business Advisor For many of you the stress of harvest season is over and now you enter a new season in family business: the holidays! As if working with family isn’t challenging enough, now there are mandatory meals and celebrations and traditions to recreate, not …

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Utility Easement

Considerations Before Accepting a Utility Easement Offer: How to Protect Your Land

By Pinion Editorial | November 16, 2022
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Reading Time: 2 minutes
A land improvement utility easement can be a profitable income stream for farmers and ranchers. Across the U.S. we’re seeing an increase in opportunities for both surface and subsurface infrastructure and with additional tax credits and funding for energy efficient improvements from the Inflation Reduction Act, we will only see …

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science-based target

Guidance for Setting Science-Based Targets for Your Ag Operation

By Pinion Editorial | November 15, 2022
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Reading Time: 3 minutes
As the world strives towards a zero-carbon economy, more than 4,000 businesses worldwide have committed to reducing greenhouse gas (GHG) emissions through the Science-Based Target initiative. These targets are rooted in climate science and have guided companies in reducing over 53 million tons of CO2  emissions since 2015. This September, …

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Tax Inflation Adjustments

IRS Releases Tax Inflation Adjustments for 2023 Tax Year

By Pinion Editorial | November 14, 2022
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Reading Time: 2 minutes
While inflation continues to burden Americans with higher prices on what seems like everything, the IRS has released some good news for taxpayers. In October, the IRS unveiled its inflation adjustments for the 2023 tax year with many tax provisions increasing by approximately 7%. This means you could pay a …

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family farms

Kansas Bankers Association March on D.C. Top Takeaways

By Pinion Editorial | October 20, 2022
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Reading Time: 4 minutes
This past September, the Kansas Bankers Association (KBA) leaders participated in a march on Washington, D.C. to advocate for the banking community. As a graduate of the KBA Bank Leaders of Kansas (BLOK) group, Pinion’s Heather Campbell joined the march and the week of meetings and discussions with various bank …

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bonus depreciation

100% Bonus Depreciation: Important Changes Coming January 1, 2023

By Pinion Editorial | October 20, 2022
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Reading Time: < 1 minute
As we head into tax planning season, you need to be aware of important changes coming to bonus depreciation coming January 1, 2023. The Tax Cuts and Jobs Act (TCJA) has allowed banks to take 100% bonus depreciation on qualified property both acquired and placed in service after September 27, …

Read more100% Bonus Depreciation: Important Changes Coming January 1, 2023