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| its not rocket science
use cash
consider prepaying inputs first
consider need for upgrades in iron or grains storage
find balance on sheet and feather things where they fit
biggest thing is to find balance on your taxes.
fact is, if you are successful you are going to pay some taxes. starting out its easy to find ways to sink things to red. but as you become established the reality is taxes are going to be there in some shape or fashion. You need to find the level at which you can sustainably run and where that hits on the tax sheet. At that point you start to work around that target until things change and you need to reevaluate. a mix of prepay, 179, and dep schedule help level things out.
use 179 to help get to your target or balance. some years it takes less. some years it take a pile more. you cant avoid it forever, and I would rather pay in the lowest sustainable and repeatable bracket every year instead of getting hammered randomly in higher brackets
I hate paying taxes, but I know its going to happen so I might as well manage it. | |
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179 deduction - email your Congressman/Senator
