Ag Advantage

What is a partnership, and how is it taxed? A partnership is a flow-through entity, which means that the partnership’s income passes to the ..

In 1981, George T. Doran published a paper in Management Review that introduced SMART goals as a tool to improve the chances of reaching man..

IRS has announced in Notice 2019-17 an extension to the March 1 deadline for farmers who did not make estimated tax payments by January 15, ..

During a time of major changes to the tax laws and implementation of the Tax Cuts and Jobs Act (TCJA), many people are asking themselves if ..

In today’s ag environment, it is crucial to have a thorough understanding of your operation’s financials - past, present, and future - in or..

Mismatching information is one of the most common errors for which an employer will receive a notice from the IRS.  This is because the IRS ..

The government shutdown has been a topic of conversation for nearly everyone in the past few weeks. From national parks closing, health and ..

Why do farm operators need financial training? Financial management is a priority in agricultural business that often flies under the radar ..

The Tax Cuts and Jobs Act (TCJA), which was signed into law in December 2017, included significant changes to the tax code. These changes wi..

With the unpredictable weather patterns the country has been experiencing, along with commodity prices lower than what is ideal, many farmer..

Enterprise resource planning (ERP) systems have been used in the business world for decades. Until recently, ERP systems have not been appli..

There were many changes to the tax law in 2018, but one big change has not gotten a lot of attention.  This change will affect almost every ..

Regardless of the type of land lease you currently have (e.g., cash rent, crop share, flex rent) and regardless of the length of land lease ..

Why is centralized data important? Whether you do your own accounting, have it done by internal staff, or hire an outside accountant, multip..

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Year-end tax planning will be critical for most taxpayers, including those who haven’t done planning in the past. The new tax law changes ar..