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27
Oct

Tax Planning Considerations for Paycheck Protection Program Recipients

October 27, 2020

By: Dario Arezzo

One of the major questions for tax planning season has been whether expenses paid with a Paycheck Protection Program loan that is forgiven will be deductible. Senior Tax Consultant Dario Arezzo discusses possible examples and outcomes.

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Posted In: Tax Talks

Tags: legislation, payroll management, payroll, tax planning, taxes
6
Oct

Optimizing Special Depreciation for your Orchards

October 06, 2020

By: Dario Arezzo

2020 is shaping up to be a potentially high-income year for some farmers across the country, especially given the latest round of Coronavirus Food Assistance Program (CFAP) payments. One tool that will likely come into play for fruit growers this year is the ability to depreciate 100% of the cost of new orchards.

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Posted In: Tax Talks

Tags: financial management, fruit & vegetables, fruit production, legislation, production, taxes, tax planning
22
Sep

USDA Announces New Round of CFAP Payments

September 22, 2020

By: Chris Laughton

On September 17, USDA Secretary Sonny Perdue announced an expansion of the Coronavirus Food Assistance Program, known as “CFAP 2,” following the first round of coronavirus assistance which opened in May 2020. Chris Laughton outlines eligibility for assistance under CFAP 2.

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Posted In: Public Policy

Tags: usda, economy, legislation
15
Sep

USDA Regulatory Changes on 'Actively Engaged in Farming' Definition

September 15, 2020

By: Dario Arezzo

In the second of a two-part series, Farm Credit East tax specialist Dario Arezzo explains Farm Service Agency eligibility changes, specifically recent changes to USDA regulatory changes on the “Actively Engaged in Farming” definition.

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Posted In: Tax Talks

Tags: farm business, legislation, taxes, usda