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Decrypting Pig Butchering Scams in the Financial Sector:

By Pinion Editorial | July 25, 2024
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Reading Time: 3 minutes
The term ‘pig butchering’ may seem out of place in finance, but it aptly describes a new type of cryptocurrency scam that blends social engineering with investment fraud. Much like fattening up a pig before slaughter, scammers build a relationship with their target over time before convincing them to invest …

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What’s New in Kansas Taxes for 2024?

By Pinion Editorial | July 25, 2024
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Reading Time: 2 minutes
On June 21, 2024, Kansas Governor Laura Kelly signed into law Senate Bill 1 (SB 1), which includes a reduction in income tax rates for Kansas Privilege Tax, effective with the 2024 tax year. If you’re a financial institution calculating income tax provisions or recording deferred taxes (including those on …

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Beyond $500 Million: A Guide to FDICIA Compliance for Banks

By Pinion Editorial | July 25, 2024
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Reading Time: 4 minutes
Is your financial institution nearing the $500 million asset threshold? If so, you’ll need to navigate new regulations, particularly those mandated by the Federal Deposit Insurance Corporation Improvement Act (FDICIA).   Regardless of what is driving your growth, crafting a robust plan for FDICIA compliance is essential. Pinion advisors have outlined …

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45Z Tax Credit: Guidance Issued, Immediate Action Needed

By Pinion Editorial | June 3, 2024
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Reading Time: 2 minutes
On May 31, 2024, guidance was issued by the Internal Revenue Service (IRS) and US Treasury (Treasury) regarding registration requirements related to the Clean Fuels Production Tax Credit (45Z). The IRS has stated any registrations received after July 15, 2024 could be delayed, there is no guarantee registrations received before …

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Carbon Intensity FAQ: What is Fact vs. Fiction

By Pinion Editorial | May 29, 2024
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Reading Time: 2 minutes
After over a year of anticipation, the U.S. Treasury has released long-awaited guidance on the 40B Sustainable Aviation Fuel (SAF) tax credit, along with updates to the GREET model – both impacting agriculture and biofuels sectors. The release of this guidance has sparked more questions, primarily concerning carbon intensity (CI) …

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capitol hill building

House Unveils Farm Bill After Long Delay

By Pinion Editorial | May 22, 2024
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Reading Time: 2 minutes
House Ag Chair G.T. Thompson (R-PA) released the House farm bill draft Friday, ahead of the committee’s long-awaited markup set for this Thursday. The draft contains several provisions that are likely to impact your operations and strategic planning. The release of the Farm, Food, and National Security Act of 2024 …

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5 Signs You’ve Outgrown Your Accounting System

By Pinion Editorial | May 12, 2024
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Reading Time: 3 minutes
Is your accounting system holding your business back? Maybe you’re so busy running the business that sorting through scattered financials seems more of a headache than it’s worth. Or maybe you’ve tried making changes and were met with responses like, “If it isn’t broke, don’t fix it”, or “We’ve always …

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Just released! SAF Tax Guidance and GREET Updates  

By Pinion Editorial | May 1, 2024
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Reading Time: 2 minutes
The U.S. Treasury Department released new tax guidance for sustainable aviation fuel (SAF).  Below is a quick summary of high-level takeaways (CLICK HERE for Pinion’s holistic look at opportunity factors for Agriculture and Biofuels industries stemming from this release):  Biofuels – laying the groundwork:   The rules will have minimal impact …

Read moreJust released! SAF Tax Guidance and GREET Updates  

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