The Farm + Ag CPA Show

This week we discuss five tax strategies that could save you $20k or more.

Labor has been a real issue in the ag sector for the past few years, and let me tell you, it's been increasingly problematic in 2023.

The Form 1099K serves as a detailed summary of annual payments received from third-party payment providers like Venmo, CashApp, Uber, Airbnb, and Paypal. Recently, a noteworthy change has been made to the reporting threshold, which now stands at $600 starting January 1, 2023. This alteration in legislation will impact a significant number of taxpayers this year, necessitating proper preparation.

3 pro tips for farming with ROI in mind

Managing a farm can be tough, especially when you add in the need for financial reporting. With the right guidance and support, you can easily master the art of financial management and take your farm to new heights.To enjoy a 6-month, 30% discount on your QBO subscription, use this link: https://quickbooks.grsm.io/sucjvmft2ywd

Although not the most exciting topic. Financial analysis is critical to avoiding disaster, and what is exciting is increasing profits and cash in your pocket.  It's essential to keep an eye on three balance sheet ratios on a regular basis.

Find out how to tell if your farm is financially healthy or if it is in cannibalization mode. ... Want guidance for free? Check out the Farm and Ag CPA Facebook group: https://www.facebook.com/groups/farmandagcpa Want to save $250K or more on taxes? I've been saving farmers like you tens if not hundreds of thousands of dollars a year, for a decade. These same savings are available to you, too. Visit Farmandagcpa.com and click on the orange, Let's Talk button.

Find out about three strategies that will help your STRETCH your dollars. ... Want guidance for free? Check out the Farm and Ag CPA Facebook group: https://www.facebook.com/groups/farmandagcpa Want to save $250K or more on taxes? I've been saving farmers like you tens if not hundreds of thousands of dollars a year, for a decade. These same savings are available to you, too. Visit Farmandagcpa.com and click on the orange, Let's Talk button.

Find out how to capture alllll your farm assets to help you secure lower interest rates. Want farm financial guidance for free? Check out the Farm and Ag CPA Facebook group: ​​ https://www.facebook.com/groups/farmandagcpa Want to save $250K or more on taxes? I've been saving farmers like you tens if not hundreds of thousands of dollars a year, for a decade. These same savings are available to you, too. Visit farmandagcpa.com FarmAndAgCPA.Com and click on the orange “Let's Talk” button.

Find out how to secure lower interest rates with these two key ratios. Want farm financial guidance for free? Check out the Farm and Ag CPA Facebook group: ​​ https://www.facebook.com/groups/farmandagcpa Want to save $250K or more on taxes? I've been saving farmers like you tens if not hundreds of thousands of dollars a year, for a decade. These same savings are available to you, too. Visit farmandagcpa.com FarmAndAgCPA.Com and click on the orange “Let's Talk” button.

How to be more strategic with your money using your budget vs. actual … Want farm financial guidance for free? Check out the Farm and Ag CPA Facebook group: ​​ https://www.facebook.com/groups/farmandagcpa Want to save $250K or more on taxes? I've been saving farmers like you tens if not hundreds of thousands of dollars a year, for a decade. These same savings are available to you, too. Visit farmandagcpa.com FarmAndAgCPA.Com and click on the orange “Let's Talk” button.

Find out how to use entity structure to save tens or hundreds of thousands in taxes. … Want farm financial guidance for free? Check out the Farm and Ag CPA Facebook group: ​​ https://www.facebook.com/groups/farmandagcpa Want to save $250K or more on taxes? I've been saving farmers like you tens if not hundreds of thousands of dollars a year, for a decade. These same savings are available to you, too. Visit farmandagcpa.com FarmAndAgCPA.Com and click on the orange “Let's Talk” button.