Bookkeeping and Accounting Services for FARMS

Farm Bookkeeping and Accounting Services for Ontario farmers - we specialize in bookkeeping and accounting services for Ontario farmers.

The agricultural business sector stands apart from other businesses when preparing income tax returns. Most industries have their risk management under control in contrast to the agriculture, where we have limited ways to control acts of mother nature. As farmers approach the end of the season, it is becoming clear for many that they will suffer a loss. To offset more taxable income, farmers should plan their tax returns strategies. Some farmers are entitled to offset up to 80% of their taxable income, and others can only deduct fixed amount or none of a farming loss. Classification of a farm also dictates different rules for inventory adjustments.
For most small-size operations in farming industry, QuickBooks and Sage bookkeeping software keeps accurate records for the business.

We offer accounting services to the Agri-producers who grow garlic, berries, fruits, and vegetables. Similarly, apple cider manufacturers, and beer and maple syrup makers are welcome to hire our services.

Farm Bookkeeping Services for

Berries, fruits, and vegetable growers

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Honey beekeepers are welcome to use our bookkeeping services – we are experts in this farming sector, including the nature of varroa mites. Above all, we discovered how to treat the soil near the bee yard to yield crop quality. We consult with crop growers about which chemicals can be put into the soil so that beekeepers do not lose their bees and the crop farmers are happy with the outcome. Call us to discover how safely keep bees around cash crops.

Farm Bookkeeping Services for

Beekeepers

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Though we see the decline of alpaca farming in Ontario in the last five years (including ourselves), let's hope it is a healthy economic adjustment. Whether alpacas are raised as a part of petting zoo or for a fiber collection, we know all the aspects of growing and maintaining these animals, including breeding, shearing, and sending for autopsy to Guelph university.

Farm Bookkeeping Services for

Alpaca farmers

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Horse farmers deal with all the challenges that mother nature brings. Unfortunately, without the government support, most equine businesses treat their farming losses as non-farming losses. We fully understand the specifics of this industry. We used to rent out our barn to grow horses and young cattle, and we know what it takes to raise large animals.

Farm Bookkeeping Services for

Horse farmers

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Reach us by email or phone to book an appointment. If you would like to discuss your business over the Internet we work with Zoom, Skype, or Teams.