Brandie O’Dell

The overtime deduction and agriculture: Clearing up the confusion

The federal overtime deduction does not create tax savings related to agricultural overtime. Instead, it introduces additional tracking requirements to separate regular wages from overtime premiums for reporting purposes.

June 9, 2026

Brandie O’Dell

News of a new federal overtime tax deduction has created confusion across the agricultural sector. While the deduction has been promoted as a form of relief related to overtime pay, it does not provide a meaningful benefit to employers – and it does not apply to agricultural employees at all under current federal law.

Understanding ASC 842 leases: A guide for dairy producers

This new standard introduces significant changes to the way leases are recognized and measured, impacting financial statements and disclosure requirements.

July 21, 2023

Brandie O’Dell

As a dairy producer, navigating the complexities of financial reporting can be a daunting task. One area that requires special attention is the accounting for leases, particularly with the implementation of the Accounting Standards Codification 842 (ASC 842).

What is a 199A qualified business income deduction?

August 26, 2021

Brandie O’Dell

Are you a profitable business owner? Are you looking for ways to reduce your federal income tax liability without spending cash?

COVID-19 employment tax credits

November 25, 2020

Brandie O’Dell

The 2020 coronavirus (COVID-19) pandemic has certainly left many Americans scrambling and having to make lifestyle changes they never expected. While many Americans are left without jobs, there are lots of “essential” employees still working.

Financial statements and how to account for growing-crop costs

September 30, 2019

Brandie O’Dell

Why do banks require financial statements? Financial statements provide the bank reassurance that the operation is in compliance with covenants as set forth in their agreements.

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Brandie O’Dell

ARTICLES

The overtime deduction and agriculture: Clearing up the confusion

Understanding ASC 842 leases: A guide for dairy producers

What is a 199A qualified business income deduction?

COVID-19 employment tax credits

Financial statements and how to account for growing-crop costs

Farmer-owned group opens new ice cream processing plant in Jerome

Q1 interest rates offer glimpse of bleak ag conditions

Quand l’humain transforme l’innovation : ce que révèle l’expérience du Laboratoire Vivant en durabilité laitière

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