We are here to save you money
Long-term planning can mean significant savings when it comes time to file your returns. The tax experts at Farm Credit East are up to date with the tax laws affecting businesses like yours. Our specialists can address virtually all your business concerns and are available to you throughout the year to analyze and discuss year-to-date activities, tax saving strategies and the tax consequences of every business decision. They will work with you to ensure you are not paying more than you should and to help forecast your end-of-year tax liabilities.
Get all the deductions you deserve
There are several ways to realize all the deductions you are entitled to, including:
Business organization. For example, operating as a partnership may offer more tax savings than operating as a sole proprietor.
Family tax planning. Hiring family members to work in the business could reduce family tax liability.
Fringe benefits. Setting up retirement plans, medical plans and other fringe benefits could mean attractive tax deductions for many businesses.
Section 105 Plans
Farm Credit East works with TASC which provides Section 105 Health Reimbursement Arrangements. These may fit certain business purposes. For more information click here.
Events and activities affecting your tax situation:
- Marriage, retirement, purchasing a home, etc.
- Starting a new business
- Income and expense analysis and projections
- Major purchases, sales and investments, including leases
- Depreciation schedules
- Organizing farm records
- Bringing in another owner
- Exiting your business
Farm Credit East Free Tax Review (first-time customers only)
A Farm Credit East tax specialist will discuss with you all the circumstances surrounding your business and personal life, which could have an effect on your business’ tax situation.