Farm accounting and taxation provides unique challenges compared to other businesses. Over the last two decades, the agriculture business has become increasingly complex and more focused on utilizing technology. Producers are using high-tech drones to analyze their crops and implementing new practices such as variable rate seeding. However, for some producers, when it comes to managing the financial side of the farm operation, the shoebox of receipts method of accounting still is utilized.
With the ever-increasing costs of production, volatile commodities markets and ever changing agricultural technology, good financial management is an invaluable tool that should be used throughout the entire year and not just at tax time. We understand that you are great at farming and the management of finances goes to the wayside due to working hard all day to produce and lacking the time to handle these matters.
But to maintain a successful farm, these functions are vital. If you want assistance in managing these finance functions, consider using our Springfield, OH CPA firm to assist. We know you work hard and we will be right alongside to handle this part of your business. With our CPA firm you’ll gain access to a dedicated team who offers specialized farm accounting services to assist in regulating cash flow management and decrease tax liabilities. No matter the size or type of farm you operate, when working with BGMF CPAs you will be confident you have a profitability plan in place to take advantage of the ever-changing tax laws and regulations.
BGMF CPAs gets in the trenches with our farmers. We get to know you and your operating to customize a package of services designed around your farm goals. Call us today at 937-325-0623 to learn more or request a consultation online now.