Now that tax return season is over, it’s time to prepare for next year. Join us to learn effective record-keeping practices that will lessen your stress and provide more accurate reporting of expenses for the next tax season. Our workshop will help you stay organized and ensure you are well-prepared when it’s time to file again. Who is this for? All food and farm-based businesses. What will you learn? General record-keeping requirements; Requirements for assets such as travel, gifts, supplies, and value-added inventory; How long to keep records; Financial record-keeping methods and practices; and Options for preparing your income tax returns.

How To Register: Register by visiting the Penn State Extension website at https://extension.psu.edu/farm-tax-record-keeping-practices-prepare-for-next-year or call 1-877-345-0691 to register.

Topics: Farm Tax Issues & Tax Planning, 1099s, Ag Finance and Record Keeping