Dewey Nelson spoke with Water Street Director Jason Ladman this week about how to be proactive regarding your taxes. He stressed regular communication with your tax accountant as a vital key to helping out with that anxiety surrounding tax time. A tax accountant who not only remains abreast of changes in your operation's finances, but also in the constantly evolving tax code, should be available to make adjustments as they arise rather than merely at the end of the year. That's the key to forward-looking tax planning rather than simple tax preparation.
This sort of regular interaction, coupled with your own dedication to keeping well-organized books for your operation, will help you better plan for the future of your farm and also take some of the stress out of tax season...for both you and your tax accountant. Listen to the full interview below.