David Urban Speaks at Farm Bureau Meeting

The Flatonia-Cistern Farm Bureau held the potluck dinner and quarterly meeting on Tuesday, March 18 at the American Legion Hall in Flatonia. President Danny Vyvjala on the right presented a gift to David Urban (left), David Urban Booking and Tax Services, was the guest speaker. Urban’s presentation at the meeting was very informative. Urban stated that for new clients coming to them would need the last two years tax returns. He enlightened the group on some new tax law changes, such as increase in the standard deduction, selling of assets and that one has to recapture the depreciation of that asset being used in its lifetime. Urban went over the Schedule F-for Farmers and Ranchers and spoke about the different expenses that can be written off. The next meeting of the Flatonia-Cistern Farm Bureau will be held on June 17.