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Recent Insights
Don’t Forget: 2019 Standard Mileage Rates Have Changed
Reading Time: < 1 minute 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 2017 (tax reform). While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck …
Read moreDon’t Forget: 2019 Standard Mileage Rates Have Changed
Tax Reform Prompts Businesses to Rethink Employee Leave Policies
Reading Time: 2 minutes 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 tax breaks within this tax reform that have created incentives for business owners to reconsider the benefits they extend to employees when they take paid …
Read moreTax Reform Prompts Businesses to Rethink Employee Leave Policies
Noteworthy Changes within the New Farm Bill
Reading Time: 4 minutes Following the long-awaited passage of the Agriculture Improvement Act of 2018 (commonly known as the 2018 New Farm Bill), the $867 billion-dollar bill has set federal agricultural policy for five years. Overall, it continues much of the policies authorized in the 2014 Farm Bill, with no major changes. While there …
3 Ways to Spend Less on Farm Inputs
Reading Time: 2 minutes Every little bit helps in agriculture today. Margins are so tight that anything you can do to gain a little ground is almost mandatory. In this price environment, there nothing wrong with only getting to second base. Here are three ways to trim farm inputs and overhead expenses to help …
Improving Lending Chances & Truths about Alternative Lending
Reading Time: < 1 minute 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 among them. Lenders have been vigilant in monitoring the eroding profit margins for many agribusinesses, and if you’re not trying to improve your borrowing position …
Read moreImproving Lending Chances & Truths about Alternative Lending
New Guidance for Leasing Standard Implementation
Reading Time: < 1 minute FASB’s Accounting Standards Update (ASU) 2018-11 offers relief cost savings for entities adopting the new leasing standard ASC 842. The update offers companies practical expedients in applying the new lease standard. A few key highlights of the update include: Transition Relief – a new (and optional) transition method allows entities …
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