The newly passed tax bill has numerous implications that businesses from all sectors need to understand and prepare for. Agriculture is no exception. The following guest blog courtesy of CliftonLarsonAllen provides a helpful Q&A on what the new tax bill means for farmers.
Should you wish to discuss tax reform and its impact on you or your business, please be sure to contact one of our fantastic member businesses with tax expertise. Continue reading “Tax Bill Q&A for Agriculture”
Many have heard of the new Section 199A in the Tax Bill which will allow owners of sole proprietorships, S corporations and partnerships to take a deduction of 20% against their income from the business. But how does this new provision impact farmers? The following guest blog courtesy of CliftonLarsonAllen helps answer that question. Continue reading “Tax Bill 20% Deduction for Farmers”
Governor Dayton took action Tuesday on all the major bills sent to him – signing all the budget bills and tax bills to avoid a government shutdown. The Governor did veto a bill that would have preempted local governments from setting their own labor standards.
However, negotiations may not be done as Gov. Dayton line-item vetoed the House and Senate legislative budgets in an attempt to force them back to the table to negotiate some issues he has concerns with. Legislative leadership already has indicated that it will likely go to court to challenge Dayton’s line-item veto of the legislative appropriations as unconstitutional due to the separation of powers.
Continue reading “Tax Relief Signed Into Law”
By: Sam Ziegler | Director of Project ABE
Earth Day 2016…a time to reflect and take action on making our community a better place. As an avid outdoors-man, farmer and dad protecting our natural resources is important to me as I’m sure it is to many of you. In order to protect the environment and meet the growing global demand for food means that farmers must produce more, using fewer resources through innovation and the responsible use of technology. The good news is that Minnesota farmers have been doing just that for decades. Continue reading “Earth Day 2016 | Taking Action”
CELEBRATING NATIONAL AG WEEK
“National Ag Week” is being celebrated March 13-19 all across the United States, as well as in Minnesota, with Tuesday, March 15, being designated as “National Ag Day”. As we celebrate “National Ag Week”, it is a good time to reflect on all the traditions and advancements that help make the U.S. and Minnesota agriculture industry truly remarkable.
Continue reading “FOCUS ON AG”