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2023 Depreciation Options (AND ISSUES)
We discuss what’s new in 2023 for depreciation options, including an issue that could have unexpected impact on your income
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Happy Thanksgiving from CLA
We wish all of our readers a Happy Thanksgiving and discuss what it takes to provide the annual dinner we all enjoy so much.
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IRS Audits – What Do You Do?
IRS exams have been in the news again. We discuss how to handle an exam if you become subject to one.
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The Cooperative Balancing Act – Patronage v. Equity
Patronage is always a topic of interest at both the cooperative and producer level. Patronage is balancing act. We provide some insight as to how patronage decisions are made.
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Thank You, Cooperative Community: Celebrate Co-Op Month
October is National Cooperative Month. We take time to celebrate a business model that has seen growth in recent years beyond the traditional industries.
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IRS Places Temporary Pause on the Processing of ERC Claims
The IRS has paused processing of new Employee Retention Credit claims. We discuss what that means to those with claims in process and for those that have not yet submitted claims.
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Digital Automation – Can It Help Your Business Prosper?
Technology is leading the way in production agriculture and food processing. What if it could also be used to improve your accounting functions?
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Are Your USDA Payment Limits Going to Change?
Proposed legislation may severely limit farm program subsidies. We review the Farm Program Integrity Act of 2023.
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Equipment Purchases, Interest and Taxes
As year end approaches, equipment purchases are on the minds of producers. Depreciation saves on taxes, but have you considered the other potential costs?
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NEW ERC Guidelines – Was Your Supply Chain Disrupted?
The IRS has issued additional guidance related to the Employer Retention Credit and those that qualify under the supply chain disruption provisions.
