Farm Finance & Tax


Look Before You Leap on Tax Conversions

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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

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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?

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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

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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

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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) […]


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Business Planning for the Unexpected

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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

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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?

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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

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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”

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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 […]