Reading Time: < 1 minute The IRS has agreed to last-minute relief for farmers by extending their filing due date to April 15, 2019 – and withdrawing the underpayment penalty for those not making the Jan 15 tax estimate. This waiver of penalties for underpayment of taxes by farmers stems from tax provision uncertainties. “This …
Read moreIRS Waives Estimated Tax Payment for Farmers Filing and Paying Tax by April 15
Reading Time: 3 minutes It’s inevitable. One day, you will step down from running your business. The timing and transition for when and to whom you relinquish control are often among the hardest decisions that a business owner will make. That’s precisely why more than 70% of business owners fail to put a strategic, …
Reading Time: 5 minutes Ways to Create Advantages – Increase Production, Maximize Revenue, and Diversify Revenue Streams – in Times of Tight Ethanol Margins The one constant in the ethanol industry is that there will be fluctuations in the price of ethanol and grains and this will cause tight margins from time to time. …
Read moreAvoid the Anxiety of Tight Ethanol Margins in 3 Steps
Reading Time: 4 minutes As a business owner or high-level manager, you have the enormous power to effect change in behavior patterns – for both the individuals and groups within your company. How you’re doing that however, could be a benefit or a detriment to your business. Without realizing it, your daily influence sets …
Reading Time: 2 minutes The U.S. Department of Agriculture (USDA) has established the procedures required to provide direct payments to growers to help offset some damage imposed by retaliatory tariffs. As a result of the lapse in federal funding due to the recent government shutdown, the Farm Service Agency (FSA) has extended deadlines for …
Reading Time: 3 minutes “Prepare for the process – and bolster your loan chances — by developing a good understanding of key elements used by lenders to assess your borrowing position,” recommend K·Coe Isom advisors. In particular, they advise careful review of loan covenants and loan consolidations in an effort to improve communication, strengthen …
Reading Time: 3 minutes Most agribusinesses participate in board meetings during the year to assess operations and make decisions about their business. Board meetings are an essential part of any agribusiness as their very purpose serves to maintain open lines of communication between owners and management. Communication that includes updates on the state of …
Reading Time: 2 minutes Following the long-awaited “final” regulations released by the IRS late on Friday, January 18, some in the Ag industry appreciated the additional clarity, while others remained underwhelmed. The guidelines contained, as is customary, some complexities surrounding their applicability and effects. K·Coe Isom’s tax experts have been evaluating the finalized IRS …