By Matt Smith
Published Sep 28
When it comes to running a business, the ultimate goal is to see it succeed. Profitability ratios allow you to measure your company’s financial performance within a specific period. These metrics are important because it gives business owners an insight into how their company is generating profits from its operation. If you aren’t tracking your profitability metrics at present, this is probably the best time to start calculating them. This article will discuss the different types of profitability ratios you should be tracking in your business...
Categories: Accounting and Bookkeeping
By Tyler Davis
Updated Oct 29, 2020
Most farmers and ranchers have a decent understanding of tax depreciation. When a business purchases assets, the business entity is allowed to write off the value of the asset purchased over the life of the asset. Land, however, is not depreciable as the value of the dirt & minerals does not decrease over time like the value of structures, barns, fences, etc. When a business purchases a ranch or farm, the value of those existing structures, equipment, and infrastructure can be depreciated for tax purposes. One of the main questions taxpayers ask after a major purchase is “how much can I write off for taxes?” The answer can be very simple – usually, farm buildings are depreciated over 20 years...
Categories: Accounting and Bookkeeping, Agribusiness
By Matt Smith
Published Sep 28
When it comes to running a business, the ultimate goal is to see it succeed. Profitability ratios allow you to measure your company’s financial performance within a specific period. These metrics are important because it gives business owners an insight into how their company is generating profits from its operation. If you aren’t tracking your profitability metrics at present, this is probably the best time to start calculating them. This article will discuss the different types of profitability ratios you should be tracking in your business...
Categories: Accounting and Bookkeeping
By Tyler Davis
Updated Oct 29, 2020
Most farmers and ranchers have a decent understanding of tax depreciation. When a business purchases assets, the business entity is allowed to write off the value of the asset purchased over the life of the asset. Land, however, is not depreciable as the value of the dirt & minerals does not decrease over time like the value of structures, barns, fences, etc. When a business purchases a ranch or farm, the value of those existing structures, equipment, and infrastructure can be depreciated for tax purposes. One of the main questions taxpayers ask after a major purchase is “how much can I write off for taxes?” The answer can be very simple – usually, farm buildings are depreciated over 20 years...
Categories: Accounting and Bookkeeping, Agribusiness
