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Tag Archives: taxes

Mr. President, do not take farm vote for granted

I know that many people involved in agriculture, myself included, were thrilled to see President Donald Trump take time out of his very busy schedule to visit the American Farm Bureau Federation Annual Meeting in Nashville in January. In that speech, we found out that the President is hearing about …

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When to call an accountant: Know the signs

Outside help of any type can be hard for any business owner to weave into day-to-day operations. The thought of sharing business practices and financial information with outside service providers is an unsettling one to many. However, the day usually arrives when partnering with others to lighten your load is …

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Year-end tax bill benefits farmers

Today, Congress passed Protecting Americans from Tax Hikes (PATH), a bill that includes two important provisions affecting farmers. The bill will permanently cap small business deductions for capital expenses at $500,000, up from the previous limit of $25,000. The PATH Bill also extends the existing bonus depreciation for the purchase …

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Planning for 2014 taxes

For the past several years, many of Ohio’s farmers have had the enviable task of planning for higher incomes because of historically high crop prices. Year-end tax planning became increasingly important with the passage of the 2012 Fiscal Cliff legislation (passed on Jan. 1, 2013, but made retroactive to 2012). …

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