episode 160 – it’s planning season

Brian Kempf, tax planning specialist, is with Dave on unsuitable on Rea Radio to discuss financial planning and the state of the agriculture industry.

Here very soon, the trees will be completely stripped of their leaves, the fields will be cleared of their crops, and the taxpayers will be looking for ways to plan for the future without being stripped of their wealth. Brace yourself: tax and estate planning season is coming.

Brian Kempf, a principal in Rea’s Millersburg office, regularly works with clients to develop tax planning strategies designed to protect their wealth and sustain their businesses, specializing in tax and estate planning for family farms and leaders in the agribusiness sector. Additionally, since the Tax Cuts and Jobs Act took effect, Brian has studied each provision in search of growth opportunities.

Farmin’ Ain’t Easy

It’s no secret that this particular industry has seen its share of struggles in recent years – there has been a price slump for the past couple years and Ohio has lost about 7.5 percent of their dairy farms over the last year, totaling over 170 farms – but we’re here to tell you that, with the right planning and strategy, financial growth continues to be possible in the farming industry.

If you are part of the farming community or just need to start tax planning, you will be interested in these other topics discussed in this episode:

  • Tax planning tips.
  • Estate planning strategies.
  • Unique challenges facing the agriculture industry.

If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.

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articles & insight

Podcast | how to maximize your real estate value (while minimizing liability) – Brian Kempf joins Dave on this episode of unsuitable on Rea Radio to talk about valuable tax strategies for land owners.

Old MacDonald Had a Farm… and Income… and Loss –  Many people have a hard time grasping how different types of activities can impact the outcome on their income tax returns, and farmers are particularly susceptible to these differences because they often receive income from several different sources.

Could House Bill 49 Impact Your Property Tax Collections? – Decreases in agricultural values will mean that tax rates will have to increase in order to generate the necessary revenue. Read on to learn more.

official transcript

Click here to read the official transcript for episode 160, “it’s planning season”