Wednesday, November 28, 2007

Tax Time is Approaching . . . quickly

As I prepare for the year end Alpaca Business and Tax Planning seminar being presented jointly with Northwest Alpacas on Friday a couple of IRS links looked very worthy of sharing on the blog.

The first one is entitlted "Tips for Choosing a Tax Preparer".

The individual you select to prepare your return is a very important decision but no matter how qualified that individual may be remember the contents of the return are your responsibility! If you don't know where to turn to find a qualified farm-friendly accountant contact another local farm and ask if they are pleased with their accountant/preparer, check with your local AOBA affiliate, or your state society for CPAs.

The second one addresses the 2008 Standard Mileage Rate--50.5 cents per mile for business miles. Follow the link and you can review a summary of the mileage rates for medical, moving and charitable purposes.

There is still time to sign up for the tax seminar on Friday--just follow the link above. Along with the tax and business planning presentation it is a fun exchange of questions and experiences with participants enrolled from all parts of the country.