Harvest season is upon us, and that means it’s almost election day. On Tuesday, November 3, voters will head to the polls in what is shaping up to be a very interesting and impactful election. Both the Senate and House of Representatives are operating with razor thin majorities. Even a few overturned seats could alter the political landscape in Washington, D.C., and impact how policy is (or isn’t) passed.
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Tax Talks
Proactive Strategies for Business Success: Tax planning early and often
When people think of taxes, they typically think of their annual return. However, to best manage tax liabilities and optimize tax credits, tax planning should be an ongoing process. Even more so, over the past few years, several states in the Northeast, namely New York, have unprecedented tax incentive programs for businesses.
September 15, 2026
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Business Tips and Tools
Securing Your Legacy: Planning for the People, the Business and the Future
A successful farm transition is about more than transferring land, equipment or ownership interests. It is about preparing people to work together, aligning the team around a shared vision and using thoughtful financial strategies to protect the wealth built through generations of hard work. When coordinated, they can provide a clearer path for the current generation, the next generation and the farm itself.
August 28, 2026
Tax Talks
Important Update Regarding Life Insurance Redemptions
In April, we discussed that the Supreme Court was hearing arguments in the Connelly v U.S. case regarding life insurance proceeds. With this case now decided, it will be important for individuals and small businesses owning life insurance to fund buy/sell agreements to include a review of these policies.
July 05, 2024
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny
In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.
April 11, 2024
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