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Repairs Versus Capitalization

Repairs Versus Capitalization. Farmers must carefully distinguish between repairs, which are fully deductible in the year paid, and capital improvements, which must be capitalized and depreciated over time. The distinction between a deductible repair and a capital...

the Farm Oddity

Farmers are the only business that maintains an inventory that may utilize the cash method of accounting, which offers significant flexibility in managing taxable income. Under this method, income is recognized when cash is received and expenses to be deducted when...

Magic Relationships

Businesses and people tend to have professional relationships that should be maintained and cultivated.  Working closely with all five and address most issues well before those become problems. These relationships are: Banker Insurance agent Financial Advisor Attorney...

Getting Results

By Dr. Ray Benedetto, DM, LFACHE, Colonel, USAF, MSC (Ret), Co-founder of GuideStar, Inc. and Co-author of It’s My Company Too! How Entangled Companies Move Beyond Employee Engagement for Remarkable Results Management guru Peter Drucker (1909-2005) once said, “Every...

Increase in rents

Apartment rents are rising across the nation as tenants return to cities and soaring home prices push many would-be buyers out of the market. One data provider shows the median rent for a one-bedroom apartment is up 9.2% since the second quarter of 2020. Two-bedrooms...

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