What You Need to Know About Hiring Workers: Tax Deposits and Reporting
Introduction So far in this blog series we’ve discussed setting your business up for payroll, calculating a paycheck, the difference between pre- and post-tax [...]
What You Need to Know About Hiring Workers: Calculating Withholdings
Introduction So far in our payroll series, we have discussed how to prepare your business for payroll, how to calculate a paycheck, what the [...]
Boots on the Ground: Validation of Benchmarking Process through an Integrated On-Farm Partnership
This article was originally published on the Cool Bean website by Dr. Shawn Conley and team. Team: Dr. Shawn P. Conley (Principal Co-Investigator) University [...]
What You Need to Know About Hiring Workers: Calculating a Paycheck
In an earlier blog post, we discussed how to set your business up for payroll. Once your business is setup for payroll, the next [...]
PCM Financial Analysis of Tillage Operations for Soybean Production
We’re excited to introduce ILSoyAdvisor readers to Precision Conservation Management (PCM). PCM is a farmer service program in Illinois and Kentucky that helps farmers [...]
What You Need to Know About Hiring Workers: How to Start Your Business on Payroll
As farm families across the Midwest get busier each year, the need for part-time, hired help becomes prevalent. However, it’s not as easy as [...]
Building a Successful Soybean Budget
Farming in the modern era is a skill that must balance biology and agronomy with cost and markets. Thus, it’s important to understand what [...]
A Farm Business’ Guide to 1099 Forms
It is important to understand the different 1099 forms as they are a necessary component of tax planning and preparation.
What Should My Adjusted Gross Income Be?
Each year taxpayers have the opportunity to work with their tax preparer to craft a year-end tax plan that provides a desired tax liability. [...]
End of Year Deadlines at the FSA Office
For most, the 2020 harvest has come to an end and now it’s time to quickly complete all the year-end tasks. It’s important to [...]
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