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Pinion Insights

succession

Answering ‘Who Comes Next?’: Key Ways to Avoid Succession Failure

By Pinion Editorial | December 19, 2022
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Reading Time: < 1 minutes
Ten thousand Baby Boomers retire daily. Yet only 21% of organizations report having a formal plan for succession in place. Time and time again, not having a succession plan in place has proven itself the biggest detriment for business survival in uncertain times. Pinion Next Gen Advisors share succession planning …

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How to Increase Your Profitability This Harvest Season

4 Smart Business Moves for Farms in 2023

By Pinion Editorial | December 13, 2022
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Reading Time: 2 minutes
With planting and input decisions already heavy on their minds, ag businesses are asking how they should manage their decisions around raised input costs and higher interest rates – and a potentially challenging year ahead.  Pinion ag advisor, Kala Jenkins, outlines four smart risk management and business moves that can …

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Regional Industries - Community Banks

We Have Unrealized Losses – What Should We Do?

By Pinion Editorial | December 9, 2022
Reading Time: 2 minutes
With rising interest rates, we’ve received an influx of questions about the impact on the unrealized losses in the bank’s investment portfolio. Most banks classify their securities as available for sale (AFS), which requires them to record the asset at fair value, with an unrealized gain or loss (URGL) in …

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DOL Guidance for Employers: Action Needed for April 1

Schedule K-2 and K-3 Filing Requirements for 2022: IRS Changes Timeline

By Pinion Editorial | December 8, 2022
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Reading Time: < 1 minutes
The landscape of the 2022 tax season has changed with respect to the Schedule K-2 and K-3 filing reporting.  Penalties apply if the forms are required but not filed. The initial 2022 IRS draft pass-through entity instructions required qualifying entities to send notifications to owners by January 15, but IRS …

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labor guidance

New Labor Guidance Released for Clean Energy Tax Credits

By Pinion Editorial | December 1, 2022
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Reading Time: < 1 minutes
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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estate planning

The Risks of Letting Your Legacy Ride: How Estate Planning Protects the Family

By Pinion Editorial | November 18, 2022
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Reading Time: 3 minutes
With the holidays upon us, it’s easy to look at the family gathered around the table and feel grateful for many things. While year-end is often a time for reflection and gratitude, it’s also typically a time to wind down and tie up loose strings.   “One of the most important …

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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 …

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

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