Lyndsay and Shannon discuss essential year-end business practices for farmers. They start with a light-hearted chat about holiday preparations before diving into critical financial management topics. They emphasize the importance of filing the "Beneficial Ownership Information" (BOI) report with FinCEN to avoid hefty penalties. The hosts also highlight the need for a knowledgeable accountant familiar with the agricultural sector and stress the importance of regular bookkeeping. Their practical advice and personal anecdotes aim to help farmers navigate financial complexities and prepare for the upcoming year.

Find more and file for BOI here: FinCEN

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