The One Big Beautiful Bill (OBBB) was signed into law over the July 4th holiday. The legislation, which passed the House on a 218-214 vote, generally extends, and in some cases amplifies, the 2017 Tax Cuts and Jobs Act for farmers. Today's blog is the first in a multi-part series explaining significant changes to agricultural safety net programs included in the bill.
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
Tax Considerations for Crop Insurance Indemnities
Many parts of the Northeast have faced a challenging planting season with wet weather and cool temperatures; now as summer kicks off, many are seeing significant stretches of above average temperatures. Given these recent extremes in weather conditions, a review of the tax implications of various crop insurance programs is warranted.
July 2, 2025
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Business Tips and Tools
Proactive Strategies for Business Success: Preparing your business for the long term
If retirement is on the horizon, the sooner you can start thinking about succession planning, the better. Whether your plan is to transition your business to the next generation or a non-family successor, you should be speaking to a consultant or advisor on how to make it a smooth transition.
June 11, 2025
Business Tips and Tools
Proactive Strategies for Business Success: Good Records & Budgeting
If the past several years have taught us anything, it’s that we need to be agile. While we can’t plan for the unexpected — and the unexpected will come — we can be informed and proactive. Planning ahead using available insights can help you strategically accomplish your business goals. So, what can you do today to set yourself up for success?
May 12, 2025
Business Tips and Tools
Vermont Saves Retirement Savings Program
Vermont Saves is a retirement savings program created to give an option to employers that do not offer retirement benefits. The Vermont Saves Program allows employees to contribute to their own Roth Individual Retirement Account (IRA) through automatic payroll deductions.
April 01, 2025
Tax Talks
FinCEN Updates Beneficial Ownership Reporting Requirements
As of March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) has announced significant changes narrowing the scope of the reporting requirements for beneficial ownership information (BOI) under the Corporate Transparency Act. This update, consistent with the U.S. Department of the Treasury's recent announcement, aims to simplify the process for U.S. companies and individuals.
March 25, 2025
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