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Doing your own taxes or have an accountant?
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Posted 4/8/2021 08:33 (#8939432 - in reply to #8939397)
Subject: RE: Doing your own taxes or have an accountant?

Sw mn
Your accountant doesn’t want to see your recites.

My accountant has a form I fill out that has every category you need. Category for fertilizer, seed, w2 and so on.

No way would I do my own taxes. It’s to important to not get right.

Start a separate checking account for the farm and use it for everything you think the farm can write off.

Add the numbers up in December and have a pre tax meeting to decide which side of the calendar you want to push income and expenses.

Make sure you fill some of the cheap tax brackets every year.

Good luck!
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