Austin Duerfeldt is the Southeast District Agricultural Economist Extension Educator specializing in accounting, financial analysis and taxation. Duerfeldt has a BS in public accounting with a minor in agricultural business and an MBA with an emphasis on agricultural economics. He served as Richardson County Treasurer from 2012 to 2017.
Correctly allocating costs, such as those for producing grain to feed livestock, can help provide solid information for decision making. Less careful allocations can confuse actual costs and lead to unfortunate management decisions.
In the second article in this series, learn about two more negotiator types — Amiable and Expressive — and how best to negotiate with them. This is part of a larger series on how to improve your negotiation skills.
Successful Negotiations 101: Know the style of the person with whom you're negotiating. Do they need details and time to absorb them or do they prefer fast-paced decision-making? Learn how to improve your negotiating skills.
In the second article in a series on successful negotiation tactics, the author describes why using a process that is deemed to be procedurally fair has resounding effects on the end negotiated result.
With new changes in tax laws and likely more on the way, if you have tangible property in several districts, consider this option for taking more than one personal property tax exemption. With a little more paperwork, you can keep more of your income on the farm or ranch.
Constructive receipts, as provided by US Internal Revenue Service code, provide a means for time-sensitive accounting to address transactions crossing over two record-keeping periods. Here's how to correctly use this accounting option.
From buying new equipment to countering your kid’s request to stay up another 20 minutes, everyone negotiates. Learn these tips for applying the Ackerman Bargaining Method in everyday negotiations to achieve your goals.