17. Annual Tax Planning With Jordan Steele Ranchonomics podcast

17. Annual Tax Planning with Jordan Steele

4M ago 22:57

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In today’s episode, host John Haskell is joined by Jordan Steele to discuss the importance of annual tax planning for those in the farming and ranching industry. Jordan shares the importance of maintaining accurate records throughout the year and potential tax liabilities that come with running a profitable business. Jordan also offers valuable insight into various factors that should be considered in tax planning, including what has already occurred in terms of income and expenses, what is projected for the remainder of the year, and potential strategies to manage tax obligations.

In this episode, we cover:

Using the remainder of the year to prepare and plan for taxes
Strategies for managing tax liabilities
An overview of capital purchases, depreciation, and tax strategies
Why you should fill the bottom tax brackets every year

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Find the complete show notes here: https://www.ranchrightllc.com/post/annual-tax-planning-with-jordan-steele-episode-17

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Email him at [email protected]
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