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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.
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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.
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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.