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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
Producers Yielding Power from Big Data
Reading Time: < 1 minuteIf you’re still using Excel and other software programs to track crop rotation and inputs, but are struggling to tally the full costs involved in all the crops you grow, you are missing out on the total profitability picture. Running your business without complete and accurate data is certain to …
How Working Capital Can Make or Break You
Reading Time: 2 minutesToday’s ag environment shows commodity prices are below break-even for some operators, while barely budging the break-even level for others. Economists have referred to this situation as “a grinder effect.” Meaning, the profitability level is grinding away at working capital little by little. Ultimately, this effect impacts the efforts needed …
Coaching: The Big Payoff Most Businesses Don’t Expect
Reading Time: 2 minutesBy Danielle McCormick The top three workforce management challenges facing organizations today are retention/turnover, engagement, and recruitment. While that may not surprise you, perhaps the realization that a resounding 93% of managers – the people you equip with managing performance and motivating your employees – admit they need training on …
Read moreCoaching: The Big Payoff Most Businesses Don’t Expect
IRS Issues Small Business Reminders
Reading Time: < 1 minute‘Small Business Week’ prompted the IRS to publish reminders for entrepreneurs and businesses on how they can better estimate their tax situation and plan ahead. There are some new credits available, and new guidelines as a result of the Tax Cuts and Jobs Act of 2017 that can help generate …
Loan Origination Fees: to Recognize Immediately or Amortize?
Reading Time: 2 minutesIf your bank immediately recognizes loan origination fees and costs directly to your income statement, you are not alone. This is a common practice among many community banks. However, this practice is not in accordance with Generally Accepted Accounting Principles (GAAP). Watch this video to see Kati Barnhill explain the misconception …
Read moreLoan Origination Fees: to Recognize Immediately or Amortize?
Transitioning the Family Farm – a Bountiful and Satisfying Harvest for All
Reading Time: 4 minutesThe family farm business is more than a job, it’s a lifestyle choice for millions of Americans. Most farmers or ranchers spend 50 years or more on their farms, where land is taught to be both a lifestyle and legacy. Farming is idealized, romanticized, and who these individuals choose to …
Read moreTransitioning the Family Farm – a Bountiful and Satisfying Harvest for All
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