Articles

Accrual Basis Accounting – What you should know

Vicki Bendixen | May 6th, 2019

https://www.farmprogress.com/management/what-you-should-know-about-accrual-basis-accounting

Read the most recent articles written by LH’s own Bob Krogmeier

Vicki Bendixen | April 29th, 2019

https://www.farmprogress.com/enterprise-management/benefits-commodity-credit-corporation-loans   https://www.farmprogress.com/enterprise-management/what-fair-market-value-means-your-farm-business 

Learning the basis of cash accounting

Vicki Bendixen | April 2nd, 2019

https://www.farmprogress.com/enterprise-management/learn-basics-cash-accounting

By the Books Blog

Vicki Bendixen | March 23rd, 2019

Bob Krogmeier, a CPA in our Tipton office has been asked to write articles for the Farm Futures website. Click the link below to read his first article and be sure to check back often for more. https://www.farmprogress.com/enterprise-management/welcome-books

The Standard Deduction – What’s New About That?

Vicki Bendixen | June 1st, 2018

  By David M. Hanson, CPA The Standard Deduction The standard deduction is a tax deduction allowed under federal tax law (and some states such as Iowa) to individual taxpayers. This deduction varies in amount depending on the filing status of the taxpayer; i) single filer, ii) married filing joint filer, iii) married filing separately...read more

Farmer’s Estimated Taxes – Why Does Everything Have To Be So Complicated !

Vicki Bendixen | June 20th, 2017

Written by David M. Hanson, CPA Estimated Taxes – The Basics Estimated taxes are, like so many items in the tax law, relatively simple in concept but get bogged down in the details very easily. This article will focus on the rules as they apply to a sole proprietor self-employed farmer. The estimated tax rules,...read more

The Iowa Sec. 179 Deduction – The Final Chapter?

Vicki Bendixen | April 21st, 2017

Written by David M. Hanson, CPA The Section 179 Deduction – A Review Federal tax law generously allows eligible taxpayers the opportunity to write off, i.e., take a tax deduction, for up to $500,000 of the purchase cost of equipment and certain building structure. If the taxpayer has sufficient taxable income without taking this deduction into...read more

HRA’s – They’re Back!

Vicki Bendixen | February 2nd, 2017

 Article written by: David M. Hanson, CPA What are HRA’s ? The term “HRA” is actually an acronym for health reimbursement arrangement, aka health reimbursement account. These types of arrangements are sponsored by employers for their employees and are specifically authorized by the Internal Revenue Code (IRC), specifically IRC Sec. 105 and 106. These types...read more

Paying Zero Tax Isn’t Only For President-Elects

Vicki Bendixen | November 17th, 2016

His tax returns As the presidential election cycle for 2016 is now in the books, the subject of President-elect Donald Trump’s tax returns will likely pass quietly away. During the campaign season and run up to the election however many of the voting electorate and political analysts were disturbed by Mr. Trump’s refusal to publicly...read more

Updated Department of Labor Overtime Rule

Vicki Bendixen | August 30th, 2016

Article written by David Hanson, CPA, LattaHarris, LLP   In 2014, President Obama directed the United States Department of Labor (DOL) to update federal regulations defining which “white collar workers” are to be protected by the Fair Labor Standards Act (FLSA) minimum wage and overtime standards. This action was in response to the President’s stated...read more

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