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USDA Deadline Announced for Emergency Relief Program and FSA-510 Filing

By Pinion Editorial | July 30, 2024
Reading Time: < 1 minute
The U.S. Department of Agriculture recently announced August 14, 2024, as the deadline for commodity and specialty crop producers that suffered losses as a result of a 2022 natural disaster to apply for the Emergency Relief Program (ERP). An estimated $3.2 billion in funding was allocated by Congress to cover …

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5 Traits Found in Resilient Producers

By Pinion Editorial | July 26, 2024
Reading Time: 5 minutes
What keeps a farmer in business through droughts, rising costs, falling prices and other invisible struggles? What helps you weather through? “As an Ag marketing and risk management advisor who’s been around the block (more than a few dozen times), I’ve had the benefit of having had thousands of honest conversations …

Read more5 Traits Found in Resilient Producers

Decrypting Pig Butchering Scams in the Financial Sector:

By Pinion Editorial | July 25, 2024
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 …

Read moreDecrypting Pig Butchering Scams in the Financial Sector:

What’s New in Kansas Taxes for 2024?

By Pinion Editorial | July 25, 2024
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 …

Read moreWhat’s New in Kansas Taxes for 2024?

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

By Pinion Editorial | July 25, 2024
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 …

Read moreBeyond $500 Million: A Guide to FDICIA Compliance for Banks

Update on the Federal Minimum Increase for Exempt Workers

By Pinion Editorial | July 24, 2024
Reading Time: 2 minutes
Beginning July 1, 2024, the Department of Labor (DOL) enforced a new rule requiring employers to meet a higher salary threshold to classify employees as exempt. Legal Challenges Against the Rule A Win for Texas: A recent court order has exempted Texas from complying with the new federal minimum salary threshold …

Read moreUpdate on the Federal Minimum Increase for Exempt Workers

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