Autonomous Farming System Heads to Market
In an exciting turn for farming, Smart Ag, an Iowa-based ag technology firm, has successfully tested AutoCart, a system allowing existing farm equipment to operate autonomously and is selling a limited number of the systems this year, writes Ron Swoboda for Farm Industry News.
Swoboda details the following benefits of this new system:
Helps solve …
Making the Most of Your Farm’s ‘Off Season’
Many farmers tend to take it easy during the off season, however, this is actually some of the most important time for your business. When spent wisely, farmers can use winter months to make big progress towards their goals by taking time to plan.
Darren Frye, from Farm Futures, offers the following five steps for …
4 IRS Hot Buttons: Defending Your Business Against Tax Audits
Everyone has at least one pet peeve. The IRS has many. Here are some items that the tax agency may target on a manufacturer’s 2014 tax return — and ways to help safeguard against an IRS audit. …
Hidden Messages in Your Financial Statements: Ratio Analysis and Industry Benchmarking Provide Added Insight
By themselves, financial statements provide limited insight into a manufacturer’s performance. To get a clearer picture of what’s really happening requires a relevant basis of comparison. Financial ratios and industry benchmarks provide management with the tools to identify strengths and weaknesses. …
Using an IC-DISC to Lower Taxes
Manufacturers and distributors who export products should consider the use of an interest charge domestic international sales corporation (IC-DISC) to reduce their tax burden. Here are some frequently asked questions about this strategy. …
Ownership Compensation: Beware of IRS Scrutiny
Pinpointing how much a dealership should pay its owners is never easy. You’ve got to consider a variety of factors, including just what form (salaries, benefits, stock) that compensation will take. You also need to ensure your approach will hold up under IRS scrutiny. …