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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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...
92 views0 comments
jphaskell
- Mar 11
- 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
- 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...
98 views0 comments
jphaskell
- Mar 2
- 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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jphaskell
- Mar 1
- 3 min
Explain the benefits
Many employers are approached by employees who would like to earn more money. They may be ambitious, or they may be dissatisfied. I...
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jphaskell
- Feb 25
- 2 min
What 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...
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jphaskell
- Feb 22
- 2 min
Attendance, attitude, aptitude
My father has told me for years that the three most important attributes in an employee, ranked in order are: Attendance, attitude, and...
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jphaskell
- Feb 21
- 3 min
Convert employees to Team Members
I’ve worked for ranches that share all their financial information with employees, some that share no financials with employees, and a...
45 views
jphaskell
- Feb 19
- 2 min
Start with a vision and keep repeating it
We 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...
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jphaskell
- Feb 18
- 3 min
Tax Accounting vs Management Accounting
Death and taxes. The two guarantees. Tax laws have a real impact on your business effecting everything from your choice of business...
64 views0 comments