Farm Finance & Tax

Look Before You Leap on Tax Conversions

Share this

Lower Tax Rates for Conversions May Not Deliver the Most Advantages 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 deep-dive look at the […]

Insider Scoop on Ag Loan Negotiation

Share this

Preparation Can Bolster Your Loan Chances Before renewing your ag loan, it’s important to “develop a good understanding of key elements used by lenders to assess your borrowing positions,” advises Doug Claussen, principal at K·Coe Isom. Claussen outlines the three […]

How Safe is Your Financial Data?

Share this

At-Risk Businesses Exposed to Catastrophic Consequences 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 lost access to a year’s worth of financial information […]

charitable giving tax reform minimization

How to Give ‘$mart’ from Your Heart

Share this

Tips for Charitable Giving and Lower Taxes 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 you can use a few of these changes […]

Caution & Potential Surrounding Common Ownership

Share this

Guidance for the 199A Deduction – Proposed Regs for Multiple Entity Farmers 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 business income deduction) […]


Business Planning for the Unexpected

Share this

Before injury, illness or other disruption strikes, prepare yourself and your business If you had to go on leave for a month starting tomorrow, what in your farm or ranch is going to suffer? Let’s face it – accidents happen.  […]

Planning a Business Sale

Knowledge is Power – to Generate State Tax Credits

Share this

Businesses Should Always Be Looking for State Tax Incentives Generating state tax credits for your business is rarely a one-dimensional exercise.  And generally speaking, many businesses often underutilize the types of credits that are actually available to them.  The common […]

Are You Correctly Tracking Business Deductions for Meals and Entertainment?

Share this

Here’s an update to the following blog that you may be interested in: Tax Update: Entertainment Clarified Businesses of all sizes and across all industries need to be aware that the deductions for 2018 meals and entertainment have changed following […]

Winning at Tax Reform

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

Share this

Exemption for Estate Planning is Ripe for the Picking The Tax Cuts and Jobs Act of 2017 made one significant change for estate planning: it doubled the estate tax exemption through 2026. This change is unique because it has resulted […]

Interpreting the Complexities of the Cooperative “Fix”

Share this

The Good, The Bad, and The Ugly: Some will gain opportunities and some will lose, but large farms stand to suffer most without careful planning To create a “fix” generally means to mend or repair an item. Following the quick […]