Pinion Insights: Posts from category

Tax & Accounting

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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Food & Beverage Manufacturing

Got Nexus? How State Compliance is Impacting Food and Beverage Commerce

By Pinion Editorial | June 21, 2024
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Reading Time: 3 minutes
There’s a critical aspect of commerce that food and beverage owners and operators cannot afford to overlook: state tax nexus. Understanding tax nexus is essential to ensure compliance and avoid costly penalties.  “Compliance with state tax nexus laws isn’t just a corporate responsibility — it’s a personal one,” advises Karli …

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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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Use It or Lose It: Lock in Estate Tax Advantages Now

By Pinion Editorial | May 7, 2024
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Reading Time: 3 minutes
The estate tax exemption doesn’t sunset until the end of 2025. So why worry about it now?   Unfortunately, this historically high estate and gift tax exemption offers a short window of opportunity, and it may be closing soon. If you want to preserve more of your wealth, it’s important to …

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Newly Proposed 2023 Tax Deductions: Money in your Pocket… If Passed

By Pinion Editorial | January 18, 2024
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Reading Time: 3 minutes
Congress has drafted new tax legislation that is shaping up well amongst both the House and Senate Committee leaders.  The $78 billion tax agreement, introduced as The Tax Relief for American Families and Workers Act of 2024, includes pending rule changes that result in business owners seeing an increase in …

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Updated GREET Model Creates Promising Tax Credit for Ethanol: Who will be eligible to benefit?

By Pinion Editorial | December 19, 2023
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Reading Time: 2 minutes
The U.S. Treasury Department recently rolled out new guidance that has the potential to bring large opportunities for farmers and ethanol producers in the form of an Inflation Reduction Act (IRA) sustainable aviation fuel (SAF) tax credit.  But questions remain surrounding eligibility and implementation guidance.     “As it stands right …

Read moreUpdated GREET Model Creates Promising Tax Credit for Ethanol: Who will be eligible to benefit?

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