To improve your financial position, you need a CPA who will help you cultivate the right seeds to grow your business.
To withstand the fluctuating seasons of your business, you need an advisor who will provide you with strategic and forward-thinking support.
To be able to focus on your business operations, you need a partner you can trust to tend to your financial needs as well as the changing laws and regulations affecting your business.
At DeBoer, Baumann & Company, P.L.C., we have extensive knowledge of the audit, financial reporting, and consulting issues specific to our agribusiness clients. We understand your challenges and can provide innovative and practical solutions to help you operate at maximum efficiency.
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The 2018 farm bill will take effect with 2019 crops, and there are many changes farmers should be aware of. This article discusses the major points of the 2018 farm bill, including CRP growth and changes to PLC reference prices. To view this article, click the following link to access the original content. https://www.agriculture.com/news/business/10-things-to-know-about-the-2018-farm-bill
The agricultural industry is undergoing a major revolution, and incorporating artificial intelligence into everyday decisions is becoming a major trend for farmers. This article discusses a new era of precision agriculture fueled by artificial intelligence. To view this article, click the following link to access the original content. https://www.precisionag.com/systems-management/data/how-artificial-intelligence-is-driving-a-new-era-of-precision-agriculture/
Section 199A is one of the more contentious areas of the Tax Cuts and Jobs Act. In response to speculation about what the items in Section 199A involve, the IRS released proposed regulations for further guidance. Author Paul Neiffer, in a recent article for Ag Web, offered a quick summary of the Section 199A Guidance, […]
Changes to the U.S. tax code as a result of the 2017 Tax Cuts and Jobs Act (TCJA) will have a big impact on how farmers treat losses. In a recent article for The Progressive Farmer, author Rod Mauszycki details what has changed. Prior to the TCJA, the treatment of farm losses was governed by […]
The Tax Cuts and Jobs Act (TCJA)—a sweeping update to the U.S. tax code—was signed into law at the end of 2017. A recent article published by Successful Farming offers an overview of how the TCJA is expected to impact the farm and ranch industry. Readers should bear in mind that it is impossible to […]