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Seven Ways Your CPA Can Help Grow Your Business

[2012; R-2013 | Keywords: Business, CPA] As a business owner you already know that growing your business doesn’t just happen by accident. It takes hard work and patience, a bit of creativity, a little luck…and sound financial insights. This is where your CPA can help. The following are different ways CPAs can assist you in… Read More »

A Look at the Inflation of Farm Equipment

[By Tom Junge, Iowa Field Director, 2013 | Keywords: Business, Inflation] Having been away from the wholesale side of the farm equipment business for 21 years, I find it hard to keep up with the price of equipment. I remember when I left White Farm Equipment that the list price of a 12 row planter… Read More »

Maximizing Depreciation Deductions for Business Real Estate

[By Randy Koski & Michelle Thornburg, Koski Professional Group, P.C., 2013 | Keywords: Business, Depreciation] When constructing or buying business real estate, you should take steps to maximize the income tax depreciation deductions you can claim for the property. Accelerating the depreciation deduction reduces your current tax bill and helps improve current cash flow, resulting… Read More »

New Rules for Purchasing or Improving Property

[By Michelle Thornburg, Koski Professional Group, P.C., 2014 | Keywords: Business, Tax] The IRS has issued new capitalization regulations for the tax treatment of amounts paid to acquire, produce, or improve tangible property. The regulations must be followed for tax years that begin after December 31, 2013. The regulations are lengthy and complex. The summary… Read More »

Crop Revenue Protection

[By Tom Junge, 2014 | Keywords: Business, Revenue] Crop Revenue Protection With commodity prices trending lower, it can be easy to get caught up in the negative talk from farmers. This is the time to remember that most farmers have revenue protection insurance. Following is a quick summary of the most popular policy. It might… Read More »