Along with warm temperatures, summer can bring natural disasters. It’s currently hurricane season along the Atlantic and Gulf coasts, severe storm season in the Midwest, flood season along the Mississippi River, and wildfire season in the Southwest and West. When disaster strikes, affected individuals and businesses may incur substantial financial losses. However, some losses can...

Chances are, your business can benefit from a well-written sales email. But hiring someone to put together an effective email message can be expensive. So your company may decide that the most cost-effective way to start an email sales campaign is to write your own material. As you prepare, remember that a poorly written ad can...

Have you seen the Chevrolet commercial where the boss tells a group of employees to “take a knee, team?” One young man drops into a quarterback kneel and the boss asks, “What’s he doing?” With the rest of the group looking confused, the employee responds, “You said ‘take a knee.” The boss responds: “That’s what that means?”...

   Extraordinary Items                 All references to Extraordinary Items will no longer be segregated on the Income Statement.  An event was considered extraordinary if it was both unusual and infrequent.  This change allows for early adoption, and retrospective application.    Business Combinations – Intangibles                 Non-public companies are no longer required to recognize intangible assets...

With the recent drop in commodity prices, one topic that always seems to be part of the discussion is credit risk.  Credit risk refers to the risk that a borrower will default on any type of debt by failing to make the required payments.  This risk includes potential lost principal and interest, disruption to cash...

In late April, our cooperative clients received a letter from the Board Chairman of CHS, Inc. regarding the company’s annual equity redemption program.  We have fielded a number of calls on what the letter is telling the member cooperatives regarding their non-qualified equity.  We would tell you “nothing new” (particularly from a tax standpoint). In...