Planning +
Preparation =
Peace of Mind

Dickinson & Clark Updates

Summary of Iowa Beginning Farmer Tax Credit Program

Iowa has a special tax credit for landlords that work with beginning farmers. The tax credit varies depending on the type of lease agreement, but it can provide a significant benefit if the lessee qualifies as a beginning farmer. Qualifications for a beginning farmer for 2014 tax credit include: Maximum net worth of $678,731. Must be a resident of Iowa.

Iowa Beginning Farmer Tax Credit and other Ag Program Tax Credits

On January 28 from 2-4pm, at the Dickinson & Clark CPAs, PC office, Steve Ferguson, Ag Program Specialist with the Iowa Finance Authority, will present an educational workshop on the credits and programs available to beginning farmers and those that work with beginning farmers in Iowa. Who should attend? Farmers with net worth under $678,000.

Small Businesses Need a Written Capitalization Policy

New repair regulations from the IRS require businesses to keep a written capitalization policy if they would like to utilize the safe harbor provisions of the regulations. Companies with audited financial statements can qualify for a safe harbor capitalization policy that allows them to deduct all assets under $5,000. However, companies without audited financial statements

Planning + Preparation = Peace of Mind

While surprises are great for Christmas and birthdays, they're not so great for tax bills. That's why we help our clients with planning and preparation throughout the year so that tax time is not a surprise.

Office Hours and Location

Office Hours:
Monday — Friday, 8:00am – 5:00pm

Contact Information:
533 S Main Street
Council Bluffs, IA 51503
712.328.2600