This article explains that the Biden Administration has proposed a federal gas tax holiday in order to help US citizens with the current gasoline prices. Unfortunately, Patrick De Haan, head of petroleum analysis at GasBuddy, said “if a gas tax holiday coincides with rising wholesale fuel prices, consumers won’t see much of an impact …
This article explains some tax-avoiding strategies that the IRS will be flagging down. Some strategies include “concealing assets in offshore accounts and improper reporting of digital assets, non-filing of income tax returns by high-income individuals, abusive syndicated conservation easements, and abusive micro captive insurance arrangements.” The article proceeds to categorize other sources of taxable …
In spite of rapidly rising input costs, smart farm managers can still manage to turn a profit, writes Chelsea Dinterman in a recent article for Successful Farming. Dinterman suggests that farm managers focus on closely managing fertilizer application, reevaluating seeds and seeding rates, and researching alternative options to herbicides for weed control. Click here …
Have you considered expanding your operations into the global market? Now is a great time to consider implementing exports, if you have not already done so, writes Kala Jenkins in a new article from AgWeb. She recommends a two-pronged approach. First, reach out to export professionals to learn about your export options. Second, consider …
Implementing accounting methods that are specific to your farm or ranch operation is an important aspect of running a successful business in this arena, explains a recent article from Farmbrite. The author offers an overview of various helpful tools, tips, and accounting standards that can help agriculture businesses thrive. Click here to read about …
This article explains the significant benefits that startups in 2022 receive when using R&D tax credits. For companies to qualify for R&D tax credits, their ideas must be a new or improved business component for a permitted purpose, include activities technological in nature, have elimination of uncertainty, and use the process of experimentation. The …
This article explains that more and more robots are being used on factory floors and assembly lines because there are not enough human workers. Orders for workplace robots increased 40% in the first quarter of 2022 compared to 2021. Worker shortages and rising wages are changing the minds of some manufacturers’ attitudes toward robotics. …
This article discusses the various pitfalls of using an online service to submit your research and development tax credits. For example, these online platforms cannot replace services such as the funded research rule. Further, accuracy is significantly important when filing this type of tax credit, and having a specialist look over your submission instead …
This article explains the best money-saving methods for travelers hitting the road this summer. All 50 US states have hit the $4 per gallon mark, and the national average is currently at $4.59. According to AAA spokesperson Andrew Gross, “gas prices are now $1.56 more than a year ago and $1.05 more than they …
This article contains a quick video as to what can be expected within the agricultural industry through 2022. As the industry continues to recover, it is important to be able to anticipate accurate trends in order to take advantage of them. Topics such as risk reduction and storage investments are going to be pivotal …
