Insights CategoryAccounting

2020’s Smart Tax Resolutions

New Year’s resolutions typically focus on healthier lifestyles, kicking bad habits, and ways to increase happiness. Unfortunately, there’s a tendency to drop resolutions as quickly

Accounting

Reminder: New 2020 Mileage Rates

The IRS issued a slight decrease in the standard mileage rates for business travel, effective January 1, 2020. While the IRS states that standard mileage

Accounting

Pro Tax Tips in a Strained Ag Economy

Typically, we think of the importance of tax tips and planning when things are going very well for the industry because it equates to higher

Accounting, Animal Protein, Commodity Crops, Food & Agriculture, Permanent & Specialty Crops

2019 Tax Filing Alert: Reporting Rules for Partnership Interests set to Change

Schedule K-1, the Internal Revenue Service (IRS) tax form issued annually for investment in partnership interests, is awaiting finalization of changes that could impact 2019

Accounting

Are You Ready for a Growth Spurt?

“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney Every business faces its share of challenges.

Accounting, Food & Agriculture, HR Services, Sustainability

Getting Ahead of Carbon Regulation: 4 Action Items for Businesses

With the intent to deliver practical actions to address global greenhouse gas emissions, the United Nations (UN) Secretary-General’s Climate Action Summit is underway in New

Accounting, Biofuels, Food And Beverage, Manufacturing, Sustainability

IRS Changes Rules for Health Insurance Premiums, Employers Could Benefit

A monumental change regarding health insurance premiums has been announced by the IRS recently – and both large and small employers stand to benefit. Beginning

Accounting

How Working Capital Can Make or Break You

Today’s ag environment shows commodity prices are below break-even for some operators, while barely budging the break-even level for others. Economists have referred to this

Accounting, Animal Protein, Commodity Crops, Farm Business Management, Food & Agriculture, Permanent & Specialty Crops, Strategic Advisory

IRS Issues Small Business Reminders

‘Small Business Week’ prompted the IRS to publish reminders for entrepreneurs and businesses on how they can better estimate their tax situation and plan ahead.

Accounting, Beverage Distribution, Construction, Equipment Dealers, Financial Institutions, Food And Beverage, Manufacturing

New Opportunity Zone Tax Benefits Make an Attractive Investment

Established within the Tax Cuts and Jobs Act of 2017, the new Opportunity Zone legislation was created to develop economically-distressed communities across the United States

Accounting, Biofuels, Construction, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

Don’t Forget: 2019 Standard Mileage Rates Have Changed

The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of

Accounting, Beverage Distribution, Biofuels, Construction, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

Tax Reform Prompts Businesses to Rethink Employee Leave Policies

While there tends to be focus on the larger line items resulting from the Tax Cuts and Jobs Act of 2017, there are some lesser-known

Accounting, Biofuels, Construction, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

Improving Lending Chances & Truths about Alternative Lending

By now, people around the globe know it’s been a particularly tough year for U.S. agriculture. Don’t think for a second that your banker isn’t

Accounting, Animal Protein, Commodity Crops, Food & Agriculture, Permanent & Specialty Crops

What to Expect from Your Accountant this Tax Year

Many farmers and ranchers stand to benefit from tax law changes brought about by 2017’s Tax Cuts and Jobs Act (TCJA). Numerous changes have been

Accounting, Food & Agriculture

Top 3 Year-End Tax Tips for Agribusinesses

It’s not too late – if you haven’t yet scheduled a strategic agribusinesses tax planning meeting with a tax advisor, there are some very good

Accounting, Food & Agriculture

Look Before You Leap on Tax Conversions

The flashy headlines around the lower tax rates as part of the new tax code are not always cut-and-dry, and businesses need to take a

Accounting, Food & Agriculture

How Safe is Your Financial Data?

Recent national cybercrime headlines: “Cybercriminals Obtain Employee Credentials to Conduct Payroll Diversion” “Business Email Compromises Business Data” “Increase in W-2 Phishing Campaigns” Imagine if you

Accounting, Biofuels, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

How to Give ‘$mart’ from Your Heart

As the 2017 tax reform has made extensive changes affecting your income tax returns in 2018, we wanted to take a moment to: explain how

Accounting, Food & Agriculture, Next Gen Strategy

Caution & Potential Surrounding Common Ownership

Following the recently proposed Section 199A regulations in August, we have been fielding questions from farmers regarding common ownership and how section 199A (20% of

Accounting, Food & Agriculture

Midyear Tax Checkup Pays Off for Manufacturers

The new provisions for 2018 have changed a multitude of tax deductions, exemptions, rates and brackets. Now that the fanfare around the ‘first tax reform

Accounting, Biofuels, Food And Beverage, Manufacturing

Winning with Tax Reform – Why You Need to Reevaluate Your Estate Plan in 2018

Exemption for Your Estate Plan is Ripe for the Picking The Tax Cuts and Jobs Act of 2017 made one significant change for estate planning:

Accounting, Financial Institutions, Food & Agriculture, Next Gen Strategy

Winning with Tax Reform – New Property and Equipment Opportunities

As a result of the tax reform and code revisions passed in December, many businesses have attained increased financial benefits and lessened tax burden by

Accounting, Equipment Dealers, Food & Agriculture

Winning with Tax Code Reform

As a result of the tax code revisions passed in December, many businesses have attained increased financial benefits and lessened tax burden by employing new

Accounting, Financial Institutions, Food & Agriculture

Renting vs. Buying Farmland: Which is Right for You?

Whether you’re growing crops or raising livestock, having adequate land is essential. But what’s the best way to acquire the land your operation needs: buying

Accounting, Food & Agriculture

S Corp Banks: Does a C Corp Conversion Make $ense?

Considerations for the Board, Shareholders, and Business will determine. Now that the law has been established for 2018 and beyond, S corporation banks are asking

Accounting, Financial Institutions

For S Corps: Does a C Corp Conversion Make $ense?

Is a C Corp Conversion Right for S Corps? Now that the law has been established for 2018 and beyond, S corporation clients are asking

Accounting, Biofuels, Construction, Financial Institutions, Food & Agriculture, Manufacturing

Unwind 50-50 Business Partnerships Step by Step for Success

Much has been written about the dangers of 50-50 business partnerships and how to avoid the problems they can bring, but what do you do

Accounting, Next Gen Strategy