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Karli Olsen, CPA is a proactive leader in tax and accounting advisory to create efficiencies, profitability, and optimized tax structure for businesses.
Recent Insights
Don’t Pause on the Newly Announced Lease Standard Delay
Reading Time: < 1 minuteWhile it was good news for private companies following FASB’s recent announcement to delay the effective date to December 15, 2020 for standards on accounting for leases, businesses are being advised to keep working in high gear. “The delay is intended to allow preparers with limited resources to learn from …
Read moreDon’t Pause on the Newly Announced Lease Standard Delay
How to Show a Lender that You’re Fiscally Fit
Reading Time: < 1 minuteFor many agribusinesses, it’s almost time to close the books on 2019 and start planning for next year. We often advise clients on the importance of maintaining a healthy, open relationship with your lender, during the good years and not-so-good years to show you are a great candidate for a …
MFP Payment Alert: Farmers Urged to Claim Money before Deadline
Reading Time: < 1 minuteWith the deadline only a month away, all eligible producers are being advised to apply for their FSA Market Facilitation Program (MFP) payment immediately. It’s important to note that as of now there has been no extension announced for the deadline of applying for MFP. If applications are not submitted …
Read moreMFP Payment Alert: Farmers Urged to Claim Money before Deadline
K·Coe Isom welcomes Ag Progress, a family farming and agricultural consultancy
Reading Time: 2 minutesIn a time when agricultural production is faced with difficult and uncontrollable issues, farmers must deal with a wide range of uncertainties, leaving them feeling isolated and helpless. “This creates a huge roadblock for farmers, and especially farm families, who have little to no margin for error,” says K·Coe Isom …
Read moreK·Coe Isom welcomes Ag Progress, a family farming and agricultural consultancy
2019 Tax Filing Alert: Reporting Rules for Partnership Interests set to Change
Reading Time: < 1 minuteSchedule K-1, the Internal Revenue Service (IRS) tax form issued annually for investment in partnership interests, is awaiting finalization of changes that could impact 2019 tax reporting. Schedule K-1 is used to report each partner’s share of the partnership’s earnings, losses, deductions, and credits. Under the current expectation that the …
Read more2019 Tax Filing Alert: Reporting Rules for Partnership Interests set to Change
Financial Mucking 101
Reading Time: < 1 minuteFinancial cleanup doesn’t sound like any fun, but neither does mucking out the stalls. Yet both are a necessary evil for most ranch or farm operations. Perhaps it would lighten the burden to know: one of these tasks doesn’t require rubber boots or daily attention, and tackling even a portion …
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