17. Annual Tax Planning with Jordan Steele

In today’s episode, host John Haskell is joined by Jordan Steele to discuss the importance of annual tax planning for those in the farming and ranching industry. Jordan shares the importance of maintaining accurate records throughout the year and potential tax liabilities that come with running a profitable business. Jordan also offers valuable insight into various factors that should be considered in tax planning, including what has already occurred in terms of income and expenses, what is projected for the remainder of the year, and potential strategies to manage tax obligations.In this episode, we cover: Using the remainder of the year to prepare and plan for taxesStrategies for managing tax liabilitiesAn overview of capital purchases, depreciation, and tax strategiesWhy you should fill the bottom tax brackets every yearMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/annual-tax-planning-with-jordan-steele-episode-17 Connect with Jordan:Email him at [email protected] for ProfitConnect with Ranch Right, LLC: Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links: Book a Free Discovery Call to Learn More Ranching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:We work with producers on cash flow, risk management, and long-term financial strategy so the business stays resilient—no matter the market. If you want to see whether that’s the right fit for your operation, click below to book a free call.Book a free discovery call