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Category: Agriculture & Forestry Industry

Our Agriculture and Forestry blog spotlight features articles on various topics in grain and livestock farming, forestry, dairy, and ag machinery industry tips, tax updates, and strategy.

A Proactive Approach to Business Continuity

Agriculture & Forestry Industry, Consumer Services Industry, Food & Beverage Industry, Healthcare Industry, Hospitality, Manufacturing Industry, Professional Services Industry, Real Estate Industry, Retirement & Financial Planning, WhitepaperMBE CPAsLeave a comment

Secure your business's future with expert succession planning from MBE CPAs. Explore strategies for leadership continuity, risk mitigation, and increased…

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The Importance of Estate Plans for Farmers

Agriculture & Forestry Industry, All NewsTroy Hilyard ~ Partner, CPALeave a comment

Estate planning for farmers goes beyond a simple will—protect your land, equipment, and legacy with MBE CPAs' tailored strategies to…

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Farm Payroll 101: Essential Tips for Success

Agriculture & Forestry Industry, All NewsDiane Payne - Partner, EALeave a comment

Managing a farm is a complex task. Beyond the fields and livestock lies the crucial duty of handling farm labor…

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From Milk Prices to Creamery Gains: A Comprehensive Look

Agriculture & Forestry Industry, All News, Food & Beverage Industry, Manufacturing Industry, Retail IndustryGlen Erdman Partner EALeave a comment

Navigate the challenges of unpredictable commodity prices in the dairy industry with MBE CPAs. Explore strategies to maintain profitability and…

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Smart Tax Strategies for Dairies and Creameries

Agriculture & Forestry Industry, All News, Manufacturing IndustryGlen Erdman Partner EALeave a comment

Discover how tax provisions, including Section 179 deductions, bonus depreciation, and energy credits, can help dairy farmers and creameries lower…

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Succession Planning in Agriculture

Agriculture & Forestry Industry, WhitepaperMBE CPAsLeave a comment

Secure your farm's legacy with expert succession planning strategies. Learn about tax optimization, management transitions, and family agreements in this…

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How USDA’s New Policies Support Financial Freedom

Agriculture & Forestry Industry, All NewsDiane Payne - Partner, EALeave a comment

At MBE CPAs, we understand the critical role farm financing plays in agricultural success. Given the importance of this, we…

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Feeling the Pinch on Your Farm?

Agriculture & Forestry Industry, All NewsKevin Block - Partner, CPALeave a comment

As a Partner at MBE CPAs, I understand farmers’ challenges with rising inflation and property taxes. In 2024, farmers are…

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New Salmonella Rules Heat Up

Agriculture & Forestry Industry, All News, Manufacturing IndustryGlen Erdman Partner EALeave a comment

Authored By: Glen Erdman – Partner, EA The U.S. Department of Agriculture (USDA) has proposed new regulations aimed at reducing…

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Protect Your Family’s Wealth Now

Agriculture & Forestry Industry, All News, Individual Tax, Real Estate Industry, Retirement & Financial PlanningSally CollingsLeave a comment

Have you inherited land from a loved one? If so, you might know the challenges of co-owning property with multiple…

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Client Account

We are clients of the RSM Professional Services+ Practice. As a client, we have access to the Professional Services+ Collaborative, a globally connected community that provides access to an ecosystem of capabilities, collaboration and camaraderie to help professional services firms grow and thrive in a rapidly changing business environment. As a participant in the PS+ Collaborative, we have the opportunity to interact and share best practices with other professional services firms across the U.S. and Canada.

New Updates on the Corporate Transparency Act (CTA)

On December 3, 2024, a federal district court in the state of Texas has issued a nationwide injunction against the enforcement of the Corporate Transparency Act and its Beneficial Ownership Information (BOI) reporting requirement labeling it as “unconstitutional” (Texas Top Cop Shop v. Garland). At this moment, fines and penalties are not enforceable for not completing the BOI filing by the initial 1/1/25 deadline and reporting companies need not comply with the deadline until further order of the court. On December 5, 2024, the U.S. government filed an appeal against the preliminary injunction. It is still encouraged to file the BOI reports, or at a minimum, be ready to file at a moment’s notice. If the injunction is overturned, reporting companies will still need to file the BOI reports to stay in compliance and avoid penalties. If you have already completed your BOI filing, you are viewed as being in good standing with the Financial Crime Enforcement Network (FinCEN). We will update you with more information from the court case when it is provided.