Farm4Profit Podcast

Updates for Tax Planning Season w/ Kyle Woiwood CPA

Episode Summary

In this episode you will learn about the opportunities with Granular's program that help you stay more organized, informed, and prepared each year. We then explore the changes and updates to the tax code as it relates to your farm and agriculture. Gifting, estate tax, counting government payments as income, and Section 179 are just a few of the topics covered.

Episode Notes

The tax planning habits of elite farmers? - free DEMO - gift guide - to learn more!

  1. (1)What could our listeners accomplish by having good detailed records?
  2. Derecho
  3. Purchases
  4. Opportunity 
  5. Control
  6. (2) Increasing profitability is one of the most important tasks of business managers. Managers constantly look for ways to change the business to improve profitability.
  7. Farm by farm – acre by acre levels
  8. Tracking harvest
  9. Talks with Deere and others
  10. Schedule tasks for employees
  11. Others
  12. (3) Who should be paying attention or monitoring?