Farming has its own unique piece of the tax code, which requires specific expertise. Make sure your tax advisor understands agriculture. We narrow our focus and maximize our efforts here in agriculture to provide you with the best possible advice.
Have a Plan
There are enough surprises in agriculture without making taxes one too. Working ahead and planning for taxes is better long term. Work with an advisor who will help you build a tax strategy.
We come to your farm to help you with comprehensive tax planning. Together we develop a strategy that gets you in your taxable income goal.
At the end of the year, there's the lure of buying iron to save on taxes. A good advisor will help you work the numbers and understand if you're really winning when you buy at year end. We dig deep into the data to help you save on taxes while still driving your business in the right direction financially.
Are you able to find your tax advisor in the off season? This is when you need help with a decision that has tax implications. We talk to you all year long, not just in December. We dig in and research so we can advise you on how your business decisions impact your tax strategy.
Tax work around commodity marketing is complex. Are you getting the best help with this? If you are marketing with Water Street Solutions, we do the commodity account tax work for you. This includes segregating your trades, associating profit or loss by trade and filing them on the right form. No more complex statements to wade through.
Some farmers bump into a situation where they want to retire and they have a pile of income with few deductions. When you work ahead, you can integrate your legacy plan into your tax planning strategy.
We file returns for Corporations, S Corps, Partnerships, Individuals
We file individual returns for 1099s for payments such as interest, custom hire or land rent filed in January, payroll, and W-2s for employees.
If you'd like to speak with a Water Street representative about your farm's taxes, send us an e-mail: email@example.com