[Sources: Federated Insurance Co., Insurance Information Institute, Tax Favored Benefits, Inc., 2010; R-2013 | Keywords: Business, Operations, Disaster] Midwesterners often joke that if you don’t like the weather, wait five minutes. It seems like weather across Iowa and Nebraska is always changing. The winter months feature below-zero wind chills, blizzards and ice storms, while the...…
[Author: Christine E. Branstad, J.D., 2013 | Keywords: Business, Operations, Insurance] Paying your insurance premiums doesn’t always mean that you’ll get a check if you have a loss. Insurance coverage is a legal “contract.” Your insurance company may refuse to pay you (ignore their contractual obligations) if you do not comply with the terms of the policy...…
[Author: Jenny Choe, Associated Equipment Distributors, 2014 | Keywords: Business, Operations, Sales, Technology] Tablets have the ability to help salespeople become more efficient, professional and focused. Before the era of the tablet, a salesperson’s tools of the trade included a smile, a handshake, a desk, a computer and a phone. Today, one example of a new sales...…
[Author: Tom Junge, Iowa Field Directory, 2014 | Keywords: Business, Operations, 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....…
[Author: Michelle Thornburg, Koski Professional Group, P.C., 2014 | Keywords: Business, Operations, 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 below...…
[Author: Will Rogers, Director of Government Affairs, 2015 | Keywords: Business, Operations, Mediation] If crop prices remain low and net farm income stays below the profit margin for significant period of time, you may have an ag customer default on a loan and file for bankruptcy. To date, we at the Association have already heard of three...…
[Author: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 2016 | Keywords: Business, Operations, Liens] For some, the answer to this question is, “tens of thousands of dollars.” This is an increasingly common situation facing dealers. An item is taken by a dealer as a trade-in from a customer on a new purchase. After the trade-in...…
