Tax Management for Beginning and Small Farm Businesses
Event Details
Date
January 18, 2022
Time
7:00pm-9:00pm
Location
Zoom Webinar
Cost
Farm Registration : $10.00
Access to Zoom Link (no limit on number of people who can watch at a site)
Scholarship : Free
Thanks to our sponsors if you are suffering a financial hardship you can recieve a scholarship.
Host
CCE Farm Business Management Educators
Elizabeth Higgins
5189493722
email Elizabeth Higgins
Event Registration

Tax Management for Beginning and Small Farm Businesses.
A one-night virtual meeting for beginning and part-time farmers that provides useful tax information enabling participants to be make better tax decisions for their business. Federal and state income taxes will be covered. Tax regulations specific to NYS will be covered as well.
CAN'T MAKE IT LIVE?: Sign up any and we'll send you a recording following the workshop.
TECH REQUIREMENTS: Zoom (on phone, tablet, or computer).
IS THIS FOR ME?: This class is designed for beginning farmers and for part time farmers who are new to filing farm taxes.
SPONSORSHIP: We are currently seeking agribusiness sponsorship for this series. We will be providing all of our participants with a directory of sponsors and their financial support services offered.
Experiencing financial hardship? Attend for free! Select the "scholarship" option at payment. Support for this option is made possible by our generous sponsors.
This course is part of Cornell Cooperative Extension's Farmer Tax School: An educational series from Cornell Cooperative Extension Farm Business Management Specialists. This series will inform and empower farm managers to better understand their tax obligations, management strategies, and improve farm profitability. This consists of four courses offered October 2021 - January 2022. Courses in the series are:
- Income Tax Planning for Farms that File a Schedule F, Tuesday October 13, 20 & 27, 7:00-8:30, $25/farm
This is a three-session course for farms that are already filing a Schedule F covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system. Second session will delve into everything Schedule F - depreciation and classifying revenues and expenses. The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.
- Farm Financial Records for Decision Making & Tax Management, Thursday, December 2, 7pm - 9pm, $10/farm
A primer for beginning farmers, or a tune-up for those already in production, on recording income and annual expenses, capital expenditures and depreciation with additional information covering loans & credit card or revolving loan payments, sales of business assets, and deducting losses.
- Tax Management for Beginning and Small Farm Businesses. Tuesday, January 18, 7pm - 9pm, $10/farm
A one-night virtual meeting for beginning and part-time farmers that provides useful tax information enabling participants to be make better tax decisions for their business. Federal and state income taxes will be covered. Tax regulations specific to NYS will be covered as well.
- Tax Code Benefits and Last Minute Tax Updates for Farms, Tuesday, January 25, 7pm - 9pm, $10/farm
For farm businesses of all shapes and sizes, tune in to learn more about key tax benefits and tax incentives that are available for farms. Because this is our last class, this workshop will also include updated tax information for the current tax season.


Upcoming Events
Agricultural Supervisory Leadership Certificate Program
June 17, 2022
June 23, 2022
June 30, 2022
July 7, 2022
July 14, 2022
July 21, 2022
July 28, 2022
Supervisors are critical to the success of farm businesses. They have a major impact both on employees' daily work experiences and on the production performance of the business. The agricultural Supervisory Leadership certificate helps farm supervisors and managers learn and apply human resource management practices and leadership skills that foster rewarding workplaces and drive business results. Confident managers who thoughtfully apply leadership and management skills improve employee performance, develop teams, reduce employee turnover, and increase employee engagement. The courses within the certificate program will offer extensive practice and engagement activities to build confidence and skill sets.
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July 20, 2022
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July Next Gen Meetup at Bowman Orchards
July 21, 2022
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The July Next-Gen meet-up is focused on marketing. We will provide everyone who registers with a resource guide to farm stand marketing. The Bowman's have a farm store, U-Pick berries, sunflowers, apples and pumpkins as well as a commercial apple orchard. We encourage you to check out their website (Bowman Orchards).
Young farmers are welcome to attend, the focus of the program is farmers who are in the process of taking over a farm from the prior generation (whether family or not). Please pre-register by July 18 so that we know you are coming and can have enough food for dinner and resource materials.