Are you in need of financing for your farm, fishing or forestry business but not sure how to get started? Don’t let the process be a barrier to getting the funding you need! Keep reading for a list of essential information you’ll need to submit an application.
Today’s Harvest Blog
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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Tax Talks
Employee Retention Credit and Supply Chain Disruptions
The Employee Retention Credit (ERC) is a refundable tax credit that taxpayers could obtain by meeting a quantitative test for either a decline in revenues, or because their business was shut down wholly or partially due to a governmental order. This shutdown test includes “supply chain disruptions.” Today’s Tax Talk considers how the IRS views a supply chain disruption.
October 26, 2022
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Tax Talks
Tax Strategies for 2022: Tax Planning for Cash Basis Reporting
In the last Tax Talks, “Tax Strategies for 2022: Understanding Your Tax Liability,” we began to understand the importance of record keeping and tax planning early in the year. In today’s blog, we’ll continue to build upon that foundation as we discuss tax planning for cash basis reporting.
September 07, 2022
Tax Talks
Tax Strategies for 2022: Understanding Your Tax Liability
Have you started tax planning for 2022? First and foremost, you need to have a good record keeping system in place to accurately detail your farm income and expenses. If you wait until the dark, cold months of January and February to do your books for the year when there isn’t much else going on, you’re not going to have the opportunity to accurately tax plan.
September 01, 2022
Tax Talks
Possible Changes to New York’s Forest Tax Law Assessment
In today's Tax Talk, Farm Credit East's Dario Arezzo examines the New York State Department of Environmental Conservation (DEC) proposal to amend regulations relating to the Forest Tax Law program. This program provides landowners a reduction in real property taxes on their enrolled forest lands if certain conditions are met.
July 26, 2022
Tax Talks
2022: The Last Year of 100% Bonus Depreciation
Most farmers are familiar with section 179 and bonus depreciation. Essentially, both of these tools allow additional deductions up-front on an asset. In today's Tax Talks, Senior Tax Consultant, Dario Arezzo examines the differences in the two tax planning strategies, and upcoming changes.
June 02, 2022
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