V6 — Issue 1

USDA Simplifies Direct Loan Application

The USDA has announced several improvements to the process of applying for loans from the Farm Service Agency (FSA). The changes are meant to simplify what was once a cumbersome process that led to a high rate of incomplete or withdrawn applications. Read about the changes, including the creation of an online submission and …

National Ag Day Turns 50

This year marks the 50th anniversary of National Ag Day! The holiday, which is meant to educate and celebrate the role of farmers and ranchers in our daily lives, is celebrated each year in March. Click here to learn more about the history of the holiday and read some tips on how to recognize …

Inflation Pressures Farm Income

In the coming year, experts expect that farmers will continue to face challenges presented by inflation. With factors such as global demand, lingering effects of the pandemic, and more contributing to a sustained rise in costs, leaders will need to be prepared for ongoing price volatility. Learn what you need to know about the …

Be Intentional With Your Communication This Winter

As a farm leader, you may not realize how often you rely on your skills as a communicator. From employees to suppliers, customers to collaborators, accurately relaying necessary information and details is vital to achieving your goals. Here are some simple tips that you can use to improve communication with your farm’s stakeholders this …

Employee Spotlight: Lisa Johnson

Lisa joined the De Boer Baumann team in 2010. She was one of our initial hires when the South Haven office first opened! Lisa received her bachelor’s and master’s degrees from Western Michigan University before joining DBC. She handles bookkeeping and tax preparation for business clients as well as payroll for the South Haven …

Interaction between PPP Loans and the Employee Retention Credit

The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was …

Employee Retention Credit Extended

In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020. As part of the Consolidated Appropriations Act, 2021 (CCA), the credit has been extended through June 2021.The credit is actually …

Increased Business Meal Deductions for 2021 and 2022

If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated the business-related deduction for entertainment, amusement or recreation expenses. However, it did retain a deduction for business meals when the expense is ordinary and necessary for carrying on the trade or business and is not lavish or extravagant, along …

2021 Tech Trends in Manufacturing

2020 was a year full of struggles and slowdowns. One thing that did not find itself in that category, however, was automation in manufacturing and industrial practices. Sharon Goldman reached out to manufacturing leaders and experts to find the six trends that are anticipated to stand out in Industry 4.0.

Optimization of supply chain in …