Farm Issues

Often when planning for the future, discussing ideas with a third party seems to help organize your thoughts, and also put them into a clearer focus.
We can discuss the topics you feel are relevant to your farm and/or tax situation. Below are some of the topics you may want to discuss:

  • Should I incorporate or form a LLC?
  • Buying versus leasing?
  • Hiring employees, spouses, children.
  • Paying wages using commodities.
  • Retirement planning.
  • Transferring your farm to your children.
  • Major farm decisions.
  • Should I expand my present operation?
  • Should I diversify?
  • How hard would I be taxed if I:
    • Sold the farm?
    • Sold the cows?
    • Had an auction?
  • How can I exchange my farm for other property and not pay tax?
  • How can I draw Social Security and still farm?
  • Medical Reimbursement plan.

Let us see if anything can be done to improve your farm and/or tax situation.

Year-end Reports

Let us help you prepare your 1099 forms and year-end payroll. We will handle these tasks with a minimum effort on your part. We will:

  • Prepare year-end payroll reports
  • Reconcile your payroll data at the end of the year.
  • Prepare W-2s

Identification Numbers

Your business may need to obtain one or more identification numbers for reporting payroll information. We have all applicable forms on hand to obtain identification numbers at the federal level, and at the state level for both Wisconsin and Minnesota.

Tax Planning

Don't pay unnecessary taxes. Tax planning can save you money, but the time to start planning is now. We will take a close look at your income tax situation before the end of the year. The earlier you begin, the more you can benefit from tax planning. Let us help you review your whole tax picture before the end of the year. There are many ways to save on taxes. We can tailor a plan to fit YOUR situation. We continuously monitor tax law changes so we can offer you the latest tax saving strategies.

Income Tax Preparation

Income tax preparation is more than just filling out forms, our objective is for you to legally pay the lowest tax possible. We work with you to ensure your tax is complete, and you are taking all the deductions you can claim.
We understand farming. We can help you comply with the unique tax laws that apply to farmers.
We will prepare your individual or partnership return using the latest technology. Returns are computer generated and laser printed. We also offer the convenience of electronic filing.

Choosing A Bookkeeping System

A bookkeeping system should provide you with accurate, easy to understand financial data that can be used to make sound business decisions. Whether it be manual or computerized, we can help you set it up. We will train you and/or your bookkeeper on how to handle the day to day bookkeeping operations.



Satisfaction Client

Our services are designed to compliment your needs. We will give you the individual attention you deserve. If you have any questions, give us a call.
We pride ourselves in providing you with accurate responses to your financial questions or directing you to the proper agency who can.
We will work in partnership with your attorney, banker, insurance agent, and bookkeeper to provide you with the best service possible.

 



Stetzer Accounting Service
W23082 State Road 35
Trempealeau, WI 54661
Tel: 608 534 6558
Fax: 608 534 6316



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