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”
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”