Filtering by tag: Food Safety & Processing ✕

Recorded Webinar: End of Year Tax Planning

On October 23, 2025, Prof. Nicholas Brown presented an end-of-year tax planning webinar for beef and dairy producers in conjunction with NC Cattleman's and NC Dairy Producers.The webinar covered a…

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How the New SALT Cap Affects Income Taxes

H.R.1, the "Big, Beautiful Bill" that was signed into law on July 4, 2025, increased the federal income tax deduction associated with how much a taxpayer paid for their state and local property taxes…

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Estate Tax Exemption Increases in Big, Beautiful Bill

H.R.1, more commonly referred to as the Big, Beautiful Bill was signed into law on July 4, 2025. With the enactment of this 870-page bill, a wide variety of changes are set to take effect immediately…

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Effects of Big, Beautiful Bill on Income Tax Rates, Deductions

On July 4, 2025, Pres. Trump signed H.R.1, which is officially titled the "One Big, Beautiful Bill Act." Under H.R.1, there are a variety of changes to the existing tax code, among other legislative…

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NC Auto Insurance Minimum Coverage Levels to Increase Starting 7/1

Starting July 1st, 2025, North Carolina auto insurance policyholders should expect increases in their minimum coverage levels and, as a result, the cost of their insurance policies.Session Law (S.L.)…

Recorded Webinar: Hurricane Helene Tax Relief

On April 3, 2025, Nicholas Brown, editor at Farm Law& Tax, presented disaster tax rules for farmers in western North Carolina. This free webinar was made possible thanks (once again) to the…

Helene: SBC to Host Free Storm Tax Webinar for WNC Farmers

On Thursday, April 3rd, 2025 from 6:00 PM to 7:30 PM, the Small Business Center at Mayland Community College will host Prof. Nicholas Brown for a free disaster tax relief webinar. Attendees who wish…

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Will Your Life Insurance Policy Be Subject to Estate Taxes?

At a recent extension event, a question was raised about whether an individual's life insurance policy placed on themselves was considered part of the 'gross estate,' which is subject to the estate…

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BOI: FinCEN Announces No Penalties for Non-Compliance

It has been a week since the last update on beneficial ownership information (BOI) reporting requirements, which means that, naturally, things have changed again in the meantime.On February 27, 2025,…

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CTA: Federal Court Reinstates BOI Reporting Requirements for Business Owners

The beneficial ownership information (BOI) reporting requirements are, once again, mandatory after a federal court decision last week.On February 17, 2025, the U.S. District Court for the Eastern…