Increase Cash-flow and Pay Lower Tax Rates
When 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...
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jphaskell
- May 20, 2021
- 2 min
Spring is always late – Plan now to have forage later
Spring 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...
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jphaskell
- May 19, 2021
- 3 min
Winter isn’t a surprise: Plan ahead when turning in bulls
We’ve all heard the saying, “Poor planning on your part, doesn’t constitute an emergency on my part.” I often imagine a scenario where...
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jphaskell
- May 18, 2021
- 2 min
Transfer 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...
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jphaskell
- May 17, 2021
- 2 min
Don’t Mix Business and Personal Expenses
If 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...
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jphaskell
- May 12, 2021
- 3 min
Essential 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...
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jphaskell
- May 4, 2021
- 3 min
Do 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...
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jphaskell
- Apr 28, 2021
- 2 min
High feed costs cost you more than once
Feed costs are often one of the larger costs in cattle operations whether it is home grown or purchased. Often the largest direct cost. I...
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jphaskell
- Apr 8, 2021
- 3 min
Feed, Water, Location: secrets of time management
A 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...
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jphaskell
- Mar 11, 2021
- 3 min
The trouble with finishing
The COVID-19 Pandemic has really accelerated consumer and producer interest in beef sold directly from the ranch. Disruptions to supply...
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jphaskell
- Mar 5, 2021
- 4 min
Turn Costs into Income
If you want to revolutionize your finances, you could think about the impact of turning things that usually cost you money, into source...
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jphaskell
- Mar 2, 2021
- 2 min
So, 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:...
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