AN INCOME STATEMENT itemizes both income and expenses. The bottom line: It tells you exactly how much money you are making or losing. This farm shows a current (February) profit of $4,431.33 and a year-to-date profit of $3,451.27, which means that the business showed a loss in January.

Tax and Business Alert
Credit
    - Loan or lease?
Taxes
    - Records: What to keep ...
    - 2001 Tax Act
    - Prepare now for ...
    - Alternative Minimum Tax
    - Education tax credits
    - Sales tax exemption - NY
    - Energy tax credit - NY
    - Year-end tax planning
Management
    - A closer look
    - Loan officer
    - Building a business plan
    - Bus. management advice
    - Communication quiz
    - How to be a better risk...
    - Saving costs on energy...
    - Who needs a consultant?
Estate Planning and Retirement
    - Will you be "SHOCKED" ...
    - Avoid making these 7...
    - Do you need a will?
    - Estate planning tips
    - Knowing your net worth...
Appraisal
    - Who needs an appraisal?
 

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