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30
Mar

Important Tax Law Changes for Northeast Agriculture in the CARES Act

March 30, 2020

By: Dario Arezzo

While guidance and legislation continue to come from all sides, the House of Representatives — following the Senate’s lead — passed the Coronavirus Aid, Relief and Economic Security Act and the legislation has been signed by President Trump. The purpose of this post is to highlight the current legislation’s tax implications and their relevance to Northeast agriculture and customers of Farm Credit East.

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Posted In: Tax Talks

Tags: business management, economy, financial management, legislation, taxes, tax reform, tax planning
11
Feb

The Importance of Liquidity

February 11, 2020

By: Chris Laughton

In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.

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Posted In: Financial Management

Tags: ag expenses, ag revenue, balance sheet, business management, cash accounting, cash flow, farm finances, farm revenue, financial management, net worth
28
Jan

The SECURE Act is Now the Law of the Land

January 28, 2020

By: Dario Arezzo

The SECURE Act passed in December 2019 with changes and exemptions worth noting. Dario Arezzo gives a summary of ‘stretch IRA’ and 529 plan changes and how they could shake out under the new rules.

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Posted In: Tax Talks

Tags: administration, consulting, estate management, financial management, legislation, taxes, transition planning
3
Dec

Be proactive in your tax planning approach

December 03, 2019

By: Doug Myers

A proactive tax planning strategy isn’t about simply avoiding taxes. Rather, it focuses on paying the right amount of tax that maximizes tax benefits and minimizes tax over the long term. Farm Credit East financial services leader Doug Myers discusses what’s in his tax planning toolbox.

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Posted In: Business Tips and Tools

Tags: consulting, expenses, financial management, tax planning, taxes