Tax Strategies for Flower Farmers Post Election Preparing for 2025 - Part 1

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In this episode of the Flower Farmer Forum podcast, Liz discusses essential tax strategies for flower farmers in light of recent political changes. She shares her personal journey of financial awareness following the loss of her husband and emphasizes the importance of understanding tax benefits and deductions for business growth. The conversation covers key tax terms, the impact of political decisions on small businesses, and actionable insights for maximizing deductions and ensuring compliance with tax laws. Liz encourages flower farmers to embrace their roles as business owners and to stay informed about financial strategies that can support their goals.

Takeaways

• Understanding tax strategies is crucial for flower farmers.
• Personal financial awareness can lead to better business decisions.
• Political changes can significantly impact business operations.
• Owning an LLC requires demonstrating real business activity.
• Tax benefits are designed to support small businesses.
• Depreciation can help reduce taxable income over time.
• It's essential to keep accurate records for tax deductions.
• Planning ahead for taxes should be a year-round activity.
• Engaging with a CPA can provide valuable insights for business owners.
• Investing in knowledge and resources can lead to business growth.

Helpful Links:

Flower Farmer Forum Conference: https://www.sunnymarymeadowcoaching.com/FFFC2025

Crop Planning for Your Flower Farm: https://www.sunnymarymeadowcoaching.com/offers/MtoFSsED/checkout

Peddling Perishable Products: https://sunnymarymeadowcoaching.com/foundationsofPPP

Quickbooks: https://quickbooks.partnerlinks.io/0o09r7rqoau4

Podcast website: www.sunnymarymeadowcoaching.com

Podcast Instagram: https://www.instagram.com/flowerfarmerforum/

Sunny Mary Meadow Flower Farm (www.sunnymarymeadow.com) specializes in bouquet subscriptions, stem bars, and a you-pick flower farm experience.

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