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Lost & Found


VideoMarma went missing near FM427/CR537. F/Terrier mix/30lbs/Orange/Red medium length fur. Can be extremely shy- please call or text 210-440-3889 if seen.

VideoREWARD!! Trooper a gray & white male cat is missing from County Road 429 Stockdale. He might have been accidently transported off. Missing since 11/13/2015. Call 512-629-2005.
Found: Female dog with dark brown and tan highlights, on Hwy. 87, Adkins. Call Andrea at 623-512-8099.
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Help Wanted

Shuttle Bus drivers needed, full-time and part-time, no experience needed. Good job tenure, clear criminal background/driving record required, $11.50-$12 DOE. Email sunny.myers@lkjordan.com. L.K. Jordan & Associates.
*Fair Housing notice. All help wanted advertising in this newspaper is subject to the Fair Housing Act which makes it illegal to advertise "any preference limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or an intention, to make any such preference limitation or discrimination." This newspaper will not knowingly accept any advertising for help wanted ads, which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on an equal opportunity basis.
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Agriculture Today


Farm Bureau urges Congress to keep current tax tools




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May 22, 2013 | 4,225 views | Post a comment

WASHINGTON, D.C. -- Farmers and ranchers need a tax code to manage the risks associated with agriculture while complying with tax liabilities, according to the American Farm Bureau Federation. In a statement filed May 15 with the House Ways and Means Committee for a hearing on small-business taxation, the American Farm Bureau Federation urged congressional members to maintain cash accounting tools and higher small-business expensing limits in any tax code rewrite, according to a May 15 Farm Bureau press release.

Cash accounting tools, like the deferral of commodity and product receipts and prepaying the cost of livestock feed, fertilizer, and other farm supplies, are important to farmers. Proposed changes to cash accounting rules, which would require some farmers to change to accrual accounting, would be time-consuming and costly to farms and ranches.

“Farmers and ranchers will either have to take time away from running their businesses or pay for help to comply,” said the American Farm Bureau Federation. “Both are harmful in an industry with tight profit margins, unpredictable income streams, and an inability to pass on added expenses to customers.”


Farm Bureau said it supports the continuation of unrestricted cash accounting currently available to most farmers and ranchers and cautioned against reducing the number of partnership types eligible to use the tool.

Further, because farming and ranching require large investments in machinery, equipment, and other depreciable capital, Farm Bureau said it supports maintaining the $500,000, Section 179 small-business expensing limitation and not reducing the $2 million acquisition limit, both of which are scheduled to drop next year respectively to a $25,000 limitation with a $200,000 threshold. Section 179 provides accelerated expensing and depreciation, allowing farmers to better manage cash flow, minimize tax liabilities, and reduce borrowing.

“Whether caused by unpredictable weather that affects crop yields or uncontrollable markets that set the price of goods sold, it is not uncommon for farmers and ranchers to have a year of high income followed by several lean years,” said the American Farm Bureau Federation. “If the Section 179 small business exemption and threshold are allowed to drop at the end of the year, farmers and ranchers will lose some of the accounting flexibility they need to manage their businesses.”
 

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