Importance of a CPA

July 1, 2015 07:31 AM
Importance of a CPA

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:

 

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