Is accrual accounting better for your farm business?

Rethink Your Farm’s Financial Management From Farm Futures magazine featuring AgCompass partners John McNutt with Latta Harris LLP and Lance Fulton with Foreland Ag. Article written by: By Larry Stalcup You’ve taken advantage of better seed, better crop protectants and other technology to produce bin-busting yields. It looks like a great year. But without an expert…

Conducting Farm Insurance Reviews

Small Business Checkup: Make sure you have the insurance you need You get physicals at the doctor’s office. Your car gets regular oil changes. What kind of checkups do you give your business? One important aspect of your business to regularly review is your insurance policies. Annual insurance checkups help protect your business from unexpected…

5 Keys to Agricultural Small Business Success in 2017

5 Keys to Agricultural Small Business Success by Chelsea Johnson Many people start the new year with personal resolutions to improve their lives and health: why not set resolutions for your small business? Whether you are looking for ways to improve your existing operation or starting your very first business, you are facing an exciting…

7 year-end tax planning tips for farmers

In the season of spending time with family and friends, year-end tax planning probably isn’t high on your holiday to-do list (perhaps it’s not even on the list yet!). While tax planning might not be the most exciting thing to do during the holiday season, it’s important to start tax planning as the year ends….

Farm Business: Ideas for Paying College Tuition

Making The First College Tuition Payment SALARIES TO THE STUDENT If the student is working on the farm for some part of the year, compensation can be a great tool. The student’s salary isn’t subject to income tax until it exceeds the standard deduction ($6,300 for 2016). Normally, there will be the 15.3% Social Security tax…

Referral Bonus!

Celebrating Our New Site Launch Welcome to our refreshed website!  New features on the site include updated client case studies and more information about who we are and what we do.  Soon we’ll have a new video, from a customer’s point of view about how AgCompass benefits their trucking and ag operations. Our website is…