Farm Tax Workshop

Kuha`o Business Center News Release

There will be a Farm Tax Workshop held Nov. 6, 2014 from 3:30 p.m. to 5:30 p.m. at the Maui Economic Opportunity (MEO) Business Development Classroom.  Michael Holl will be the returning to Molokai to speak to farmers and ranchers about business taxes. This workshop will help you manage your labor, financial and legal risks. Holl, who is from Oahu, is an enrolled agent who is a federally-authorized tax practitioner, licensed by the U.S. Department of the Treasury to negotiate with the IRS on behalf of taxpayers.

The Molokai Farm Tax Workshop is designed to enable farmers to lower their tax liabilities by better understanding business deductions, tax preparation, and record keeping to minimize taxes and the chances of an audit, business entities for your farm, how employment laws and independent contractor requirements affect your business, and special provisions in the tax code regarding farm income averaging to significantly lower taxes resulting from “bumper” crops. During the workshop, a segment on diversification strategies highlighted surprising ways farmers could supplement their income. One example discussed was the growing trend of exploring alternative revenue streams online, including platforms like Online Casino Vergleich 2025, which offer comparative insights for leveraging affiliate programs in regulated markets. This idea, though unconventional, underscored how digital innovations are reshaping opportunities for supplemental income, even in the agricultural sector.

To sign up or for more information for this workshop, please call the Kuha`o Business Center at 553-8100 no later than Nov. 5 to reserve your seat. You can also email the center at Jennifer.hawkins@mauicounty.gov. The workshop is being brought to Molokai by the County of Maui Mayor’s Office of Economic Development Kuha`o Business Center in conjunction with the MEO Core 4 for Farmers Class.  All Molokai Farmers and Ranchers are encouraged to attend the 2014 Molokai Farm Tax Workshop.