Seven ways incorporating your farm can improve your operation

Seven ways incorporating your farm can improve your operation

Successful farms depend on having smart, strategic people, no matter what structure. However, being incorporated has forced farms to create accrual financial statements and operate under certain rules of engagement, which has jumpstarted more professional behaviour, such as having farm meetings.

So what is a BAT? In the present proposal, it would be a 20 per cent tax, the same thing as a tariff, on all goods imported into the U.S.

The BAT that will smack trade

Free Market Reflections with Steve Dittmer

As if trade relations with the States under a new president weren’t uncertain enough for Canadians, the tax reform plan the Republicans introduced suddenly shows up with a nasty, anti-import provision in it. Suddenly, because in all the discussions over the last couple of years regarding big tax reform proposal — long before anyone knew Trump[...]
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Top view of professional investment advisor woman consulting about financial plan with business management.

Five questions to ask your accountant

It’s tax time again and there are a number of new or imminent personal and corporate income tax changes which could have implications for farm families on their 2016 tax return, or need to be discussed with the accountant to plan for this year. When the federal government announced tax changes in its 2016 budget last March it[...]
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(Cat.com)

Caterpillar says compliant with tax laws after IRS claim

Reuters — Caterpillar Inc. said Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company’s buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax practices. The Internal Revenue Service (IRS) has challenged the company’s taxes for the years 2007-2012, the company said[...]
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