In today’s episode, host John Haskell is joined by Jordan Steele to discuss the importance of annual tax planning for those in the farming and ranching industry. Jordan shares the importance of maintaining accurate records throughout the year and potential tax liabilities that come with running a profitable business. Jordan also offers valuable insight into various factors that should be considered in tax planning, including what has already occurred in terms of income and expenses, what is projected for the remainder of the year, and potential strategies to manage tax obligations. In this episode, we cover:  Using the remainder of the year to prepare and plan for taxesStrategies for managing tax liabilitiesAn overview of capital purchases, depreciation, and tax strategiesWhy you should fill the bottom tax brackets every year Make sure to hit subscribe/follow so you never miss an episode! Find the complete show notes here: https://www.ranchrightllc.com/post/annual-tax-planning-with-jordan-steele-episode-17  Connect with Jordan: Email him at [email protected] for Profit Connect with Ranch Right, LLC:  Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the website Resources & Links:  Book a Free Discovery Call to Learn More Ranching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC  Mentioned in this episode: Zone Rancher Course