More about kelly.hardy@claconnect.com
Kelly Jackson Hardy is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers, privately-held elevators and supply dealers, and cooperatives. Kelly is a principal with CliftonLarsonAllen in Princeton, Illinois, as well as a regular speaker at tax and estate planning seminars. Kelly was raised on a hog, row crop and cattle farm in central Illinois and has been involved in the ag industry her entire life. Kelly, her husband, and two sons are active in 4-H and operate a small feeder calf operation and pumpkin business.
Blog Posts by kelly.hardy@claconnect.com:
-
Is a REAP Grant Right for You?
Have you been approached about a solar or other renewable energy project? The USDA offers a grant program that can be of assistance to help producers pay for that set of solar panels. We discuss the specifics of the grant and how to apply.
-
Voluntary Disclosure Program for Questionable Employee Retention Credits
Did you file an Employee Retention Credit claim that you now wish you had not? The IRS is giving taxpayers an opportunity to return the funds and avoid criminal prosecution. If you used an ERC “promoter” to file your claim, you should consider taking advantage of this program.
-
Bill to Fix State and Local Tax Cap Penalty for Married Filers Advances to the House
Another retroactive tax bill has been advanced to the House. This one will impact the state and local tax deduction for 2023 return. We discuss its provisions and impacts.
-
House Passes Tax Relief for American Families and Workers Act
The Tax Relief for American Families and Workers Act has passed the House. We review its provisions and discuss next steps and consequences.
-
More on Electronic Filing of 1099 Requirements
An issue has been identified related to electronic 1099 filing for those that used the FIRE system in prior years. We discuss and offer solutions.
-
Making Charitable Contributions Count (Part II)
A recent post discussed donor advised funds. This week we present another option for effective charitable donations coming direct from an IRA and how it can be used to achieve a bigger charitable deduction in 2024.
-
Early End of ERC? Return of 100% Bonus Depreciation? The Tax Relief for American Families and Workers Act of 2024
Draft legislation has the potentially to significantly impact your 2023 tax return. We discuss the benefits as well as the proposed detriment of early termination of the Employee Retention Credit.
-
Making Charitable Contributions Count (Part I)
Would you prefer to donate cash instead of grain? Would you like to get more tax benefit out of your charitable deductions? We discuss an option for achieving a bigger deduction in 2024.
-
2024 Tax Inflation Adjustments
There are increases in tax brackets, retirement contributions, deductions and estate tax exemptions for 2024. We outline the most relevant items for producers.
-
W-2 and 1099 Filing Changes for 2023
Most taxpayers will be required to file their 1099s and W-2s electronically this year. We review the changes and provide options for filing.