Paul Neiffer, a certified public accountant (CPA) from Clifton, Larson, Allen LLC and a speaker for the Farm Journal Legacy Project meetings this July, joins Farm Journal’s Pam Fretwell in the first of a three part series to discuss succession planning.
There are many things to consider when making a succession plan for a business. Those include not only the transfer of the property, but also the potential implications both income and estate taxes may have on the legacy and that is when a CPA is needed, Neiffer notes.
“We’re there to give them that 30,000 foot elevation view that lets them know this is something you have to watch out for,” Neiffer says.
A CPA can provide some easy answers or directions around issues others may have not seen on their own and help provide the next step in succession planning.
Paul Neiffer explains:
At these events, you will receive hands-on training from multiple speakers who are experts in succession planning, tax and legal issues.Learn more.
July 6 in Loveland, Colo.
July 7 in Lexington, Neb.
July 9 in Watertown, S.D.
July 10 in Clear Lake, Iowa
July 22 in Paducah, KY
Nov. 17-18: Legacy Conference in Indianapolis, IN
Dec. 8 in Dallas, Texas
Dec. 9 in Little Rock, Ark.
See the full 2015 lineup of events.