Susan Voss, CPA, one of the leaders of TD&T's Ag team, discusses the current Ag market and our economy. Along with an update on our status, she also provides some critical information regarding leases and how it could relate to your taxes. In previous newsletters, I have focused on how we can make it [...]
The Financial Accounting Standards Board recently issued Accounting Standards Update No. 2016-02. The guidance affects entities, including nonprofits, that lease assets (lessees) and is intended to improve financial reporting of leasing transactions. Under the guidance, lessees must recognize assets and liabilities for leases with lease terms of more than 12 months. This includes both finance [...]
Various factors influence the amount of income tax you will pay for the 2016 tax year. Many taxpayers wait until late in the year or even after the end of the year before thinking about the tax ramifications of their actions in a given tax year. If you have not already considered these issues, you [...]
