Top view of professional investment advisor woman consulting about financial plan with business management.

Five questions to ask your accountant

It’s tax time again and there are a number of new or imminent personal and corporate income tax changes which could have implications for farm families on their 2016 tax return, or need to be discussed with the accountant to plan for this year. When the federal government announced tax changes in its 2016 budget last March it[...]
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(Cat.com)

Caterpillar says compliant with tax laws after IRS claim

Reading Time: < 1 minute Reuters — Caterpillar Inc. said Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company’s buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax practices. The Internal Revenue Service (IRS) has challenged the company’s taxes for the years 2007-2012, the company said[...]
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Sound accounting advice may help you make major donations with an affordable net cost to the farm.

Smart farm strategies for charitable giving

New tax laws and innovative financial strategies give you new ways to make donations with real impact

Reading Time: 5 minutes With fewer farmers facing an insatiable number of organizations needing time and money, the decision of how much to give to whom is getting tougher. What do you want your money to do? How much should you give and when? What are the tax benefits? For many farmers, there’s also the question of how best[...]
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man doing paperwork at a desk

Family farm corporations on the rise

Depending on your farm objectives, building a trust into your corporation may be your best first step

Reading Time: 6 minutes The death of the family farm is widely bemoaned. Activists ask, “What do we really know about these corporations that produce our food?” As it turns out, it’s the same question that many farmers are asking themselves, although in a very different context. How can I be sure that my farm corporation is the best[...]
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