Shane Eloe

About Shane Eloe

Shane has 12 years of experience in public practice and specializes in working with agriculture and construction businesses. If you have questions for Shane, please send him an email. To see his latest posts click here. Click here to connect with Shane on LinkedIn.

Office Closed Friday April 20, 2018

Since our staff would like time to get reacquainted with their families after tax season, we are closing the office on Friday April 20, 2018 to give us all much needed time for rest and relaxation. Let us know if you have any pressing matters that need to be handled on Thursday.

Iowa Beginning Farmer Tax Credit Unfunded for 2018

Due to a decrease in funding, there will be no beginning farmer tax credit applications available for 2018.

Business Budgeting – Thinking About Your Future

Most businesses are doing really good if they have their historical books up to date on a regular basis. Real-time accounting can get you very close to this reality, but it’s still historical information. Very few small to medium sized businesses have the time and expertise to ponder about the future and make regular budgeting and planning a reality.

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.

Iowa taxpayers benefit from the Wynne Decision

If you are in a school district that imposes the School District Surtax or the EMS Surtax (click here for a list of districts that impose the surtax) AND have paid taxes on earnings in another state, you may be eligible for a refund.

Optimizing the Iowa Beginning Farmer Tax Credit

On January 8, 2015 at 1:00 PM,  we will be hosting a workshop on the Iowa Beginning Farmer Tax credit at Dickinson & Clark. This workshop is intended to help landlords and beginning farmers that are pursuing the credit consider the lease structures that effect the credit calculation. Steve Ferguson from the Iowa Finance Authority

Are your books real-time or redundant?

Does your financial information help you make daily decisions? Does your financial information give you meaningful insights to develop a clear plan for the future? Are you digging deeper than reviewing the reconciled cash balance and examining net income for business management and financial analysis?

Tax Credit Cash in Your Old Tax Returns

Although the passage of time has brought new rules about the Small Employer Health Insurance Tax Credit under the ACA (Affordable Care Act), there are still tax returns that may need amending even if you don’t qualify for the tax credit this year. The 2010 Tax return amending period is now over, but tax returns from 2011-2013 may be hiding a pile of cash for you and your business.

Grow tax benefits as you grow your herd

Farmers have big decisions to make when growing their operations. One of the decisions that can have a long lasting business and cash flow impact is the way you grow your breeding herd.

Bonus Depreciation Makes it out of Committee

A small victory for taxpayers this week as the House Ways and Means Committee passed a proposal to revive bonus depreciation and make it permanent. Although unlikely to become law, this move by Congress could be a sign that a temporary extension for bonus depreciation is possible.