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Cash, Profit, and Taxes: How to Balance All Three [episode 77]


header graphic Cash, Profit, and Taxes: How to Balance All Three [episode 77]

Listen to The Most Undervalued Skill in Ranching: Knowing Your Inventory on: Apple Podcasts | Spotify | Your platform of choice  



Tax planning is one of the most overlooked tools in ranch management, yet it can save a business thousands of dollars when done well. In this solo episode, John walks through the practical process Ranch Right uses with ranching clients to plan ahead, avoid surprises, and make smart decisions before the year ends. He explains why tax strategy should never be about panic spending and why good planning always starts with accurate numbers and a clear picture of the year.


John also breaks down how different types of income are taxed, how brackets work, and how ranchers can use livestock purchases, depreciation, and timing to manage their liability across multiple years. With clear examples and straightforward guidance, this episode helps ranchers understand how to make decisions that support cash flow, long-term profit, and tax liability.


In this episode, Cash, Profit, and Taxes: How to Balance All Three, I cover: 

  • Why tax planning starts with accurate financials before the end of the year

  • How to project fall income and expenses and adjust through the season

  • When prepaying expenses or making strategic purchases can make sense

  • Common mistakes that drain cash without reducing taxes

  • How tax brackets work and why managing income across multiple years matters

  • The difference between ordinary income, capital gains, and self-employment taxes

  • How livestock purchases, depreciation, and retirement accounts fit into a solid strategy

  

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More about the Ranchonomics podcast:  

Welcome to Ranchonomics, where we empower you to build a better ranch and transform your operation into a thriving business. This podcast is brought to you by Ranch Right LLC, and together we will look at essential strategies, mindsets, and processes needed to take command of your financials and master the business metrics that make all the difference. If you are ready to start winning at ranching, then you are in the right spot. 


With each episode of Ranchonomics, you will hear inspiring success stories, gain simple yet powerful financial literacy tips, and listen to insightful interviews with industry experts and real-life practitioners. 


Whether you are a seasoned rancher or just starting out, we believe that managing a ranch shouldn't mean drowning in paperwork or missing out on valuable opportunities. Our mission is to help you see the link between your daily ranching operations and your financials that allow you to go from chaos to clarity and achieve your goals. 


Join us as we explore the intersection of ranching and finance, helping you understand your numbers and make informed decisions that propel your business forward. 

Subscribe now and start your path to a more profitable, less stressful ranching experience with Ranchonomics. It's time to harness the full potential of your operation. 

 

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