Putting cows on the front page since 1885.
By KENNY NEARHOOF
Accounting Officer
AgChoice Farm Credit
It’s October. Many people are not thinking about tax planning. However, tax planning is crucial to do every year.
Not just to look at income and expenses, but also at tax preparing strategies that are uniquely available to farmers. Here are three main tips, and two preparation strategies to gain the most from your planning visit with your farm accounting and tax professional.
Three Tips
Collect records on all of your capital purchases and disposals during the year, including any livestock. Information on purchases will reveal h...
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