Accounting & taxes

Separating business and personal finances can help avoid unnecessary headaches at tax time. These tips will help.

Learn how an organized farm payroll can be a positive for both producers and employees.

Tax season is around the corner. Here are five income tax tips for the farm to help get you ahead of the curve.

Tax planning can be complicated and while professional advice is vital, it’s also important to understand some basic tax principles for your operation.

Learn about the 3 financial statements and 5 ratios every farmer needs to assess the health of their operation’s bottom line.

Business strategies and structures change – and so should tax plans, say tax experts.

January can be a financially tough on the farm as the post-holiday crunch is a time of high expenses and tight income.

With the days of financial bookkeeping, livestock record keeping and writing crop input data on paper quickly disappearing, it's essential to keep up with the digital times.

When it comes to budgeting for farm businesses, financial advisors say greater adaptability in managing variable income, carefully consideration of what constitutes a true farm expense and financial clarity can all go a long way.

Making the jump from a sole proprietorship farming operation to a corporation brings with it several advantages, along with some additional management responsibilities.