H&S Announces Addition of Farm and Agriculture Specialist
FREMONT, Michigan – H&S Companies is proud to announce the addition of Michaelia Breuker as their Farm and Agriculture Specialist. Michaelia graduated from Calvin College in 2012 with her Bachelor of Science degree in Accounting, and she has an extensive background in agriculture.
“I grew up on a dairy farm in Newaygo County,” said Michaelia Breuker, H&S Companies Farm and Agriculture Specialist, “I’m excited to have the opportunity to combine my passion for accounting with my love of agriculture.”
“We’re thrilled to have Michaelia on the team,” said Jack Hendon, H&S Companies Co-Founder, “from her family business, she has a deep understanding of the challenges farmers face.”
Michaelia feels that it is essential for the agricultural community to be aware of the 2013 tax provisions that could have a direct effect on their businesses.
“There are important provisions that need to be recognized by farmers, which may affect how they operate in the next few years. I want to make sure that this information is received in a timely matter, especially when it has a direct impact on their businesses,” Breuker said.
According to Breuker, there are currently three key tax provisions farmers need to be aware of:
- Farmers – You’ve got more time this year to file and pay your income taxes. Instead of March 1, 2013, you have until April 15, 2013.
- Bought more than $139,000 of equipment (new or used) last year? Congress retroactively increased Section 179 Expensing election from $139,000 to $500,000. This limit is good for 2013 as well, but drops to $25,000 for 2014!
- 50% Bonus Depreciation (new equipment only) was also extended for all of 2013 and then vanishes. 2013 may be a great year for upgrading your equipment!