At KCARD, when we are working through financials for clients, we are often asked “Do I need to file a Schedule F?” or we often ask businesses if they have ever filed a Schedule F.
Tax Season: The Schedule F and Why It Is Important
Q&A with Abby Clas: Looking for Research
Abby Clas, KCARD’s research assistant, took some time to answer a few questions about herself and the assistance she provides to KCARD staff.
Meat Processing: A Year Later
Last year about this time, we all began learning a lot more about COVID 19. We also started seeing grocery shelves with less meat on them than we normally expected to see. Meat processors in the state who were already at least six to eight weeks booked if you tried to schedule animals to be processed started getting a lot more calls as more people were seeking local meat and more farmers saw an opportunity to expand direct meat sales to consumers.
Q&A with Mattea Mitchell: Business Development Assistance
Mattea Mitchell, one of KCARD’s business development assistants, took some time to answer a few questions about herself and the assistance she provides.
Highlighting KY Local Food Expansion Initiative
With the Kentucky Local Food Systems Summit starting tomorrow (you can still register here!), we wanted to spotlight KCARD’s Kentucky Local Food System Expansion Initiative. Launched in 2020, the initiative works collaboratively with partners to assist Kentucky local food farmers and buyers in sales and sourcing of local food. Below are some common questions about the Initiative.
KCARD Q&A with Cara Stewart: Recordkeeping Support
Cara Stewart, one of KCARD’s business development assistants, took some time to answer a few questions about herself and one of KCARD’s many services, recordkeeping support.
First Look at My Financials – Where Do I Start?
One question we receive a lot at KCARD is how to begin looking at a business’s financial statements and learning from them so that you can make good decisions going forward. Right now, this topic is especially timely since we know a lot of folks who are calendar-year tax filers are putting together their documents to take to their tax preparer.
Tips for Building Your Online Sales
Are you currently selling your products online? Do you want to start selling products online? Online sales offer an opportunity for your customers to shop whenever and wherever they want. Below are some tips for selling online.
Employee Performance: How Do You Help Your Employees Succeed?
You’ve made your first hire, gotten all the paperwork and file systems in place, and are ready to start training employees. How do you set yourself and your employee up for success? Below are some key points to focus on to make sure both parties have a successful experience.
Keeping Sunk Costs From Sinking Your Decisions
“Well, I’ve already got so much into this crop, might as well see it through...”
“I spent a whole lot of money to start this project, so I need to spend more money to get it done.”
If you hear yourself saying this, do not make any sudden movements. You are about to sink a decision by considering your sunk costs. “Sunk costs” refers to money that is already spent. No matter your next decision, that money is G-O-N-E with no recovery, so if you try to base your decision on those costs, you could end up throwing good money after bad.