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It’s that time of the year to start thinking about taxes for 2017. So what’s new for 2017? The short answer is: nothing much – still waiting. However, I’m sure you have heard about President Trump’s proposed tax reform. What are these changes? This article will discuss some of President Trump’s proposed changes and how they affect you.
There are two very generous tax breaks business owners have relied upon: bonus depreciation and Section 179 expensing. For those unfamiliar with what these are, bonus depreciation currently allows business owners to write off 50 percent of the cost of new capital assets in the year of purchase as long as such assets meet certain criteria.
Retirement is not an easy decision to make. Most farmers and ranchers have been farming most of their lives, and just the thought of retiring from the work they love is difficult.
It has been a year since I last wrote about Obamacare. There have been many developments since my November 2013 article. I receive many questions from my clients about this topic and the one that is mostly asked is: Is it better to offer coverage or pay the penalty?
The Affordable Care Act, which is better known as Obamacare, was signed into law on March 23, 2010, and was upheld by the Supreme Court on June 28, 2012. Over the last year or so, I have heard arguments from proponents and adversaries of Obamacare.
With the uncertainty of market conditions that many dairy farmers are facing today, saving a dollar here and a dollar there is more crucial to the survival of the dairy operation than ever.
Class III milk prices appear to be promising for the next twelve months and will probably range from $18 to $21 per hundredweight (cwt) – and hoping to be on the rise – but feed prices are still at an all-time high.
Many dairy farmers have looked at their operation with a fine-tooth comb and made the tough decisions on where to cut expenses.
