News & Articles

The New Farm Law Gives and Takes Away

Posted on Mon, Feb 24, 2014

President Obama recently signed the Agricultural Act of 2014, a sweeping law that provides benefits to some businesses and individuals and takes them away from others. This article contains a brief rundown of some provisions in the new law, including the elimination of direct payments to farmers, cuts and reforms to the food stamp program and a requirement to put country-of-origin labels on meat and seafood. 

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Tags: EHTC Article, Farmers, business consulting, Agribusiness, 2014 Farm Laws, Robin Stoner

IRS Announces Penalty Relief for Farmers and Fishermen

Posted on Mon, Feb 11, 2013
Thanks to the delay in passage of the "fiscal cliff" legislation, the IRS is granting penalty relief to farmers and fisherman who are unable to file the 2012 tax returns by the March 1 deadline. Continue reading for a summary of what you need to know.

Farmers and fishermen preparing to file tax returns for 2012 will have some leeway in meeting federal tax deadlines, due to new legislation passed in early January.

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Tags: Michigan State and Local Tax (SALT), Farmers, business consulting, Agribusiness, Fishermen