Increase Cash-flow and Pay Lower Tax RatesWhen most ranchers talk about avoiding taxes, it is usually in the context of making bad decisions at the end of the year to avoid paying...
jphaskellJun 11, 20213 minIncrease Cash-flow and Pay Lower Tax RatesWhen most ranchers talk about avoiding taxes, it is usually in the context of making bad decisions at the end of the year to avoid paying...
jphaskellMay 20, 20212 minSpring is always late – Plan now to have forage laterSpring has sprung, the grass has riz I wonder where the birdies is… Is the song my grandfather used to sing every spring. While we make...
jphaskellMay 19, 20213 minWinter isn’t a surprise: Plan ahead when turning in bullsWe’ve all heard the saying, “Poor planning on your part, doesn’t constitute an emergency on my part.” I often imagine a scenario where...
jphaskellMay 18, 20212 minTransfer at Cost?It often comes up, should we transfer hay to our livestock enterprises at cost or market value? Should we transfer our calves to our...
jphaskellMay 17, 20212 minDon’t Mix Business and Personal ExpensesIf you own an LLC, an S or C-corp, or some other formal business structure, stop mixing your business and personal expenses. I’m asked...
jphaskellMay 12, 20213 minEssential Elements of a Ranch Budget (and your chart of accounts)Starting a ranch budget from scratch can be a daunting task. We often envision a complex finished product. A ranch’s budget and the Chart...
jphaskellMay 4, 20213 minDo NOT set up your chart of accounts in QuickBooks on your own!And for the love of all things bright and beautiful, do NOT follow the suggested template they give you. If you want to do your own...
jphaskellApr 28, 20212 minHigh feed costs cost you more than onceFeed costs are often one of the larger costs in cattle operations whether it is home grown or purchased. Often the largest direct cost. I...
jphaskellApr 8, 20213 minFeed, Water, Location: secrets of time managementA ranch can seem like a never-ending list of tasks. There are so many things to do, nobody gets to the end of that list. We can all think...
jphaskellMar 11, 20213 minThe trouble with finishingThe COVID-19 Pandemic has really accelerated consumer and producer interest in beef sold directly from the ranch. Disruptions to supply...
jphaskellMar 5, 20214 minTurn Costs into IncomeIf you want to revolutionize your finances, you could think about the impact of turning things that usually cost you money, into source...
jphaskellMar 2, 20212 minSo, you want a raise?“I’m not making enough money” sounds like fingernails on a chalkboard to most employers. If you want a raise, you have a few options:...
jphaskellMar 1, 20213 minExplain the benefitsMany employers are approached by employees who would like to earn more money. They may be ambitious, or they may be dissatisfied. I...
jphaskellFeb 25, 20212 minWhat does it mean to be a life-long learner?What does it mean to be a life-long learner? We hear this a lot. Does that mean go to a class or seminar once a year? Read books? Hire a...
jphaskellFeb 22, 20212 minAttendance, attitude, aptitudeMy father has told me for years that the three most important attributes in an employee, ranked in order are: Attendance, attitude, and...
jphaskellFeb 21, 20213 minConvert employees to Team MembersI’ve worked for ranches that share all their financial information with employees, some that share no financials with employees, and a...
jphaskellFeb 19, 20212 minStart with a vision and keep repeating itWe all know the clichés. If you fail to plan, you plan to fail. Yet, most of us don’t have a clear picture of where we are going with our...
jphaskellFeb 18, 20213 minTax Accounting vs Management AccountingDeath and taxes. The two guarantees. Tax laws have a real impact on your business effecting everything from your choice of business...