Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). The ERTC is a government-sponsored program to keep workers employed during 2020 and 2021 because of the COVID pandemic by providing refundable tax …
As the country emerges from the COVID pandemic and supply chain issues, along with the fallout from the war in Ukraine, the country has been experiencing high inflation rates that negatively impact the cost of everyday living, including food, gas for your vehicle, utilities and more.
But there is one shining light: tax-related inflation adjustments …
The farm bill is a long-standing piece of legislation in the U.S. that was designed to support food security and, therefore, national security, explains a helpful article from the American Farm Bureau Federation. The author takes a look at how the farm bill has changed and grown over the years and specifically at how …
Workforce maintenance has become an enormous challenge for employers in many sectors, and farming is no exception. In a new article from Successful Farming, Jolene Brown offers up three key strategies for farmers seeking to get better at retaining their employees. Brown’s advice covers management styles, performance review methods, and methods for making work …
Established in 1837 outside of Greenville, North Carolina, Worthington Farms has been in operation for nearly two centuries, writes Jolene Hansen in a new feature for Nursery Management. Hansen’s profile offers a brief overview of the history of the farm and then dials in on the keys to Worthington Farms’ success. “One integral aspect …
Legacy planning is an important area of planning for farmers—and one that should not be put off for too long. Proper prior planning is the key to a smooth and effective succession, explains Brian Evans in a new article from Kiplinger. He discusses five different styles of farming succession plans that involve keeping the …
If your traditional IRA is invested in stocks and/or mutual funds, the recent substantial downward slide by the stock markets may provide a unique opportunity to convert your traditional IRA to a Roth IRA at a low cost, and then benefit when the markets recover.
Why would you want to do that? Because Roth IRA …
The Inflation Reduction Act that President Biden signed into law back in August, has a lesser-known provision that could benefit many small business startups, allowing them to potentially double the amount of the research and development tax credit they can claim from $250,000 to $500,000 per year against payroll taxes.
This little-known tax benefit for …
The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a way for individuals with high-deductible health plans (HDHPs) to save for medical expenses that are not covered by insurance due to the high-deductible provisions of their insurance coverage.
However, an HSA …
Nobody can say for sure if a recession is coming; however, it is clear that if one does occur, it will mean hard times for manufacturers. In a recent article for Industry Today, author Jeff Cagle explores how manufacturers can prepare for the possibility of a recession by motivating their channel partners with extra …
