RISE & SHINE
Growing a Brighter Future for Ohio’s Farms
TABLE OF
CONTENTS DEAR READERS,
What Will Next Year’s Harvest
Look Like? This is a critical time of year, from a business perspective, as well. During these final months,
we’re busy meeting with clients and going over the events of the last several months in order to
create a business plan and tax-planning strategy for the year ahead. And with the year we just had,
this meeting is more important than ever.
Todd Mizer
2
USDA Works to Offset Unfair
Tariff Losses
Brian Kempf
4
A ‘Bad News, Good News’
Scenario In The World Of Tax
Joel Yoder
5
Smarter Farms Are Coming
Mark Fearon
6
Succession Planning Is Not
A Sprint
Ben Froese
7
Vol. 1 | Issue 2 | Fall 2018
This is undoubtedly a busy time of year for you. The days start early and stretch late into the night,
and there’s still a lot of work to be done before winter makes its appearance.
We’ve seen A LOT of tax changes recently. At the federal level, we’ve had to contend with the
Tax Cuts and Jobs Act, which has brought about some pretty major modifications for everybody.
And, at the state level, the Supreme Court’s monumental ruling on the South Dakota v. Wayfair
case now makes it possible to have nexus (and thus owe taxes) in a state without actually having
a physical presence there.
Right now, as we collectively embark on unknown territory, the best thing you can do is to seek
out the expertise and insight from trusted advisors. Too much has changed, and no one can afford
to go into 2019 doing the same things they’ve done in the past.
In this edition of Rise & Shine, we will dive further into the importance of conducting a year-end
business checkup. We will also take a closer look at like-kind exchanges, bonus depreciation,
succession planning, what assistance is available to you as part of the Market Facilitation
Program and what the farm of the future looks like. I hope you find this publication valuable.
And, as always, if you have questions or comments, feel free to reach out to me or any member
of our team!
Brian Kempf, CPA
Principal & Agribusiness Specialist
212 N. Washington St.
Millersburg, OH 44654
330.521.4549
[email protected]
Rise & Shine • Fall 2018
1