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Thought Leadership Articles

Our Thought Leadership articles offer you monthly insight on various industry topics, updates and trends.

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Farm Financial Management FAQs

What is farm financial management and why is it important?

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New BOI Reporting Deadline Announced

February 27th Update- FinCEN issued an update

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What the New Tariffs Mean for New York Farmers

Newly announced tariffs on imports from Canada, Mexico, and China are creating uncertainty for U.S. farmers.

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How to Protect Your Company Against Ransomware

When a ransomware attack recently debilitated the largest gas pipeline in the US, it was impossible to ignore. Even small company owners sympathized with the decision faced by giant Colonial Pipeline—to pay or not to pay to unlock their…

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New Rules, Greater Benefits:Revisiting the Employee Retention Credit

When the employee retention credit (ERC) was enacted in March 2020, companies that received a forgivable loan under the Paycheck Protection Program (PPP) were prohibited from claiming the credit.

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New Benefit Plan Auditing Standards Effective Next Year

In 2017, the American Institute of CPAs (AICPA) issued an exposure draft of new standards designed to overhaul employee benefit plan audits.

Cost of Living Adjustments for 2021

The IRS has released the Cost of Living Adjustments for 2021.  Some of the dollar limitations relating to qualified retirement plans have been increased, along with other retirement-related items. Important Changes for 2021:

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Why and When to Outsource Accounting

As companies take a hard look at their expenses, one area to examine is the accounting function. Many companies benefit from outsourcing their accounting, which can be a cost-effective way to get required expertise and flexibility without…

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