The ag landscape is always changing, and you need reliable information you can depend on. Designed with you in mind, Ag Conversations covers topics important to you and your business — everything from how to successfully navigate the current tax environment to updates on court rulings and policy issues. Let your voice be heard. Join the conversation!
Year-End Tax Strategies to ConsiderDec 12, 2018
Now that crops are harvested, livestock are tended to and equipment is being addressed, it may seem a little late in the year to be looking at our financial strength and year-end tax planning. However, it may not be too late. Many new changes took place with the passing of the Tax Cuts and Jobs Act (TCJA), and many items are still available to us, particularly in the ag industry. These laws can assist you in obtaining your near and long-term goals. The following are items to consider as we near the end of the year.
Should Farmers Pay Quarterly Estimated Tax or File by March 1st?Dec 05, 2018
You may have heard that farm tax returns are due by March 1, but you also may have heard that farmers are required to pay quarterly estimates. So which guideline do you need to follow?
What You Need to Know About Health Insurance During Open EnrollmentNov 30, 2018
We are now in open enrollment season for health insurance for 2019, and many who work in the agriculture industry are wondering if there are any solutions for affordable health insurance. While the Affordable Care Act is still in effect, there is some reprieve from the penalties associated with not having insurance at all.
How Farmers and Ranchers Can Begin Retirement and Business Transition PlanningNov 15, 2018
By Todd Kostman
Retirement plans are a crucial component of any business transition plan. Saving today in a retirement plan allows for flexibility in when and how you transition your farm or ranch. What type of retirement plan you choose to invest in now can have a substantial impact as well.
Ag Producers: Don’t Miss Out on the Benefits of Year-End Tax PlanningNov 02, 2018
The Tax Cuts and Jobs Act (TCJA), passed in December 2017, has created many opportunities for ag producers. It has lowered rates for each of the seven individual tax brackets, created a flat 21% tax rate for C corporations and increased the personal standard deduction as well as the Section 179 deduction limit and bonus depreciation limit.
Keeping a Pulse on PolicyOct 12, 2018
As we continue to keep a pulse on United States tariff and trade policies, it seems like new headlines sweep across the news cycle daily. In fact, I’m almost certain that more significant developments will arise between now and the day this article is published! The latest announcements indicated the U.S. has implemented its new tariff on Chinese products, and China responded almost immediately by imposing additional tariffs on U.S. goods. On a different note, the U.S. and South Korea recently signed an updated trade deal to which the American beef market is reacting positively.
Why Farm and Ranch Owners Should Pay Attention to the New Section 199A GuidanceOct 01, 2018
The IRS recently issued new proposed regulations under Section 199A to clarify gray areas and change an unintended tax advantage for farmers who sell to cooperatives, created as part of the Tax Cuts and Jobs Act of 2017.
Welcome to Ag ConversationsSep 17, 2018
By Bradley Cook
On behalf of Wipfli’s agribusiness team, I am proud to announce the launch of a new and exciting platform for sharing knowledge, perspectives and education with you: our blog, Ag Conversations! As its name suggests, we want this blog to be focused on you and the topics you care about most. The purpose of this platform is not just for us to talk about what’s happening in the industry — we’re here to listen.