Search: cpa
21 Results
U.S. Vs Ag Economy and Dairy Substitute Confusion
The Agribusiness Update
The U.S. Economy purrs while the Agriculture economy still growling, and survey shows consumer confusion over milk substitute labeling.
Tax Expert Offers Pro's and Con's of New Tax Legislation
Land & Livestock Report
Tax Expert Offers Pro's and Con's of New Tax Legislation
Farm Debt is Growing
Colorado Ag Today
Last month the Kansas City Fed released a report indicating that farm debt is accumulating at a faster pace.
Changes to the Salary Versus Hourly Rules
Farm of the Future
Earlier this year the Department of Labor released some changes to how you pay employees that you might need to consider.
Section 179 Increased and Made Permanent
Farm of the Future
Last week's Omnibus package included good news for farmers and ranchers awaiting news of Section 179
IRS Delays New Inherited Property Reporting Requirements
Farm of the Future
There was a new provision requiring reporting of income tax basis of property inherited if the estate was required to file an estate tax return.
Tax Extenders Bill to be Marked up in U.S. Senate Finance Committee
Farm of the Future
CliftonAllenLarson Principle and Farm CPA Today blogger Paul Neiffer gives an update on where tax extenders are in the legislative process.
Rural Mainstreet Index Moves Lower Last Month
Farm of the Future
The Creighton University Rural Mainstreet Index last month slumped according to the monthly survey of bank CEO in rural areas of 10-state region dependent on ag and energy.
President Obama's Tax Reform Proposals
Farm of the Future
Earlier this week was the President's State of the Union Address. CliftonLarsonAllen Principle and Farm CPA Today Blogger Paul Neiffer shares some of the ideas the President had for tax reform that farmers and ranchers should be paying attention to.
Section 179 Update Looking Promising for 2014
Farm of the Future
As the year comes to a close, Congress is finally getting around to extending the Section 179 for 2014 to be $500,000.
Update Farm Serial Number By Friday
Farm of the Future
This Friday is an important deadline for any farmers who participate in Farm Service Agency programs. You have to register your Farm Serial Number or FSN by Friday, September 26th.
FSA Does Not Understand Tax Return Income
Farm of the Future
There seems to be some confusion for how FSA offices are computing line items from federal income tax returns for determining Adjusted Gross Income (or AGI) for purposes of payment limitations. In the new Farm Bill there the AGI has a $900,0000 limit of farm income, if a farmer's income is over that amount — the farmer would have to pay back any FSA payments.
Section 179 Increase Would Be Good News For Farmers
Farm of the Future
Earlier this week there was some good news on possible changes to tax law that would return Section 179 to the $500,000 level and make it permanent. As you may recall, this was dramatically lowered in 2014 to a mere $25,000.
One-time Election Needed for Farm Bill Programs
Farm of the Future
Yesterday we visited about the different options of Farm Bill programs for grain farmers to choose from. However, there are some things grain farmers need to be aware of sooner rather than later.
Farm Bill Program Choices
Farm of the Future
Well we all breathed a sigh of relief when the Farm Bill was FINALLY signed into law. Though presently we are in the wait and see period where the rules are being written. ?Now is the time to become familiar with the new program options
Cash Method Accounting Being Examined in Tax Reform
Farm of the Future
There are some tax reform changes being proposed in Washington D.C. that famers need to be aware.
Continuing Conversation of Tax Law Changes
Farm of the Future
In continuing our Friday conversation about changes to the tax law that will affect some farmers and ranchers — CliftonLarsonAllen Partner and Farm CPA Today Blogger Paul Neiffer shares more
When to Delegate Payroll Duties
Farm of the Future
Many farmers and ranchers enjoy the production area of their operation the most, and when it comes to desk work like payroll, often they rather be out on a tractor.
Benchmarking is an Effective Tool
Farm of the Future
It is human nature to compare ourselves to others, however when it comes to benchmarking your ag operation the best place to start is comparing your own farming operation over the years.
Help Prevent Self-Employmnet Tax on CRP Rents
Farm of the Future
Until recently those landlords collecting CRP rents and social security were not subject to self-employment tax -- regardless of whether there were actively farming or just renting the ground out through the CRP program.