Master Your Farm Taxes

Date:

Monday, December 11, 2017 - 10:00am to 2:00pm

Location:

18 Seward Ave, Middletown, NY 10940

GrowNYC’s FARMroots technical assistance program presents MASTER YOUR FARM TAXES with Judy Bondus, EA of Bondus Financial Services and Lori DeBlock & Diana Bianchetto of Farm Credit East, ACA

Income Tax:
Overview of a full tax return will show you what goes where and highlight important issues for farm businesses, such as equipment depreciation, self-employment taxes, various credits and deductions, savings strategies, and year-end adjustments

Payroll Tax: 
In addition to paying wages, farm employers are also responsible for contributing to governmental welfare programs, including Social Security, Medicare, and unemployment. Attendees will leave with an understanding of the responsibilities and expenses of above-board employment.

Sales Tax:
Direct market farmers often look to value-added products for diversification and market competition, with potential sales tax liability as an afterthought. Learn which products require the collection of NYS sales tax, how to register for a Certificate of Authority, and when to pay up.