Businesses in the outdoor recreation industry can apply by Sept. 30 to pitch their company services or products at the 2025 Adventure Pitch Fest. The event offers $15,000 in cash prizes split among three pitch fest winners.
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Depreciation Prevents Expense Spikes That Can Unsettle Investors
Jimmy D. Pendergrass, CPA, Partner, Accounting & Consulting Group LLC
The Internal Revenue Service stipulates that businesses must capitalize expenditures for big-ticket items and recover that cost over several years – a practice known as depreciation – to avoid dramatic changes in the financial statements of a business from one year to the next. Knowing when to depreciate and when to claim a special one-time expense deduction is critical for entrepreneurs.
USDA Helps Businesses Upgrade Energy Systems
Terry Brunner, State Director, USDA Rural Development Agency
An energy-efficient water pump just went online at the San Miguel County ranch of Robert Quintana, and solar panels now power the Lifestyle Medicine office building in the county seat of Las Vegas, N.M. Both projects received partial funding from the Rural Energy for America Program (REAP) — a rural development program of the U.S. Department of Agriculture that offsets the cost of replacing outdated or inefficient energy technology in eligible rural businesses.
The Quintana ranch’s new electric pump powers a circle irrigation system that provides water to 193 acres of farmland; REAP contributed a $5,439 grant toward the $21,000 system that replaced the old diesel pump setup. Fourteen solar panels were installed on the roof at Lifestyle Medicine in downtownLas Vegas, and they produce enough electricity to reduce the facility’s energy costs. Owner Dr. Bradley Kanode received a $4,854 grant to help install the $19,000 solar-power system.