A CPA can help with your bookkeeping, taxes, accounting and business planning, but hiring one can also be a significant expense. Here’s what you need to know before hiring one.

How Much Will a CPA Cost My Agricultural Business?

If you sell commodity futures to protect crop earnings, you’ll likely receive a copy of Form 1099-B from your broker. Here’s how it works and what it means for your tax bill.

A Guide to Form 1099-B and Reporting Commodity Trade Earnings on Your Taxes

These ag-friendly clean vehicle, green renovation and other green tax credits won’t be around forever. Make sure to claim them while they’re still available.

Claim These Green Tax Credits Before They Expire

A trial balance makes it easy to scan your books for potential mistakes. Here’s how to prepare one properly.

Trial Balance: Best Practices, Definitions and Examples

Donations can benefit the local community while potentially allowing farmers to reduce their tax bill. Here’s how to file for them properly.

How to File Form 8283 for Food and Other Donations

To elect S corp tax status, you’ll need to file Form 2553, ‘Election by a Small Business Corporation,’ first. Here’s how it works.

How to Elect S Corp Status With Form 2553

Livestock leases can help owners earn additional income while providing lessees with new genetics and expanded production without having to purchase more animals outright.

A Simple Guide to Livestock Leases

Electing S corporation status offers a unique combination: the tax benefits of a partnership or LLC, the liability protection of a corporation, and potential savings on self-employment taxes. 


S Corporation Status: A Decision Guide for Agricultural Producers

If you lease your livestock or pasture to other farmers, it pays to learn how the ‘passive activity’ loss rules work—especially if you have any losses to report.

How to File Form 8582 for Passive Activity Losses

Livestock insurance is an important safety net for farmers and ranchers, protecting livelihoods from unexpected losses, disease, disaster and other risks. Here’s how it works.

A Simple Guide to Livestock Insurance

If you earn passive rental income from your farmland, you could avoid paying self-employment taxes on it by filing Form 4835. Here’s how to know if you qualify.

How to Report Farm Rental Income and Expenses With Form 4835

Recent tax changes mean that more businesses are receiving Form 1099-Ks than before. Here’s what to expect when you get one. 

Form 1099-K: How to Report Payment Card and Third Party Transactions

Land lease agreements or ‘grazing leases’ can be a valuable tool, giving new farmers access to land they might not be able to buy outright. Here’s what you can expect to find in a typical agreement.

A Simple Guide to Grazing Leases

Farming is an unpredictable business. Income averaging can help by smoothing out sudden spikes in your farm’s tax bill.

A Guide to Schedule J (Form 1040): Income Averaging for Farmers

A straightforward guide to making the most of the mileage rate deduction for your farm.

What Is the 2025 IRS Mileage Rate?

Keeping petty cash topped up ensures you can cover spur-of-the-moment expenses while tracking day-to-day spending.

How to Use a Petty Cash Record Book

If you hire a contractor, or if you pay another business in the form of barter, there’s a good chance you’ll need to request a Form W-9.

What’s a W-9 Form and Why Do I Have to File One?

Annual HVUT can total up to $550 per vehicle, but farmers can use Form 2290 to exempt their vehicles from the tax. Here’s how.

A Guide to Form 2290 and the Heavy Vehicle Use Tax (HVUT) Exemption for Farmers

If your business employs farmworkers and withholds payroll taxes from their wages, you’ll need to report them to the IRS using Form 943.

How to File Form 943 to Report Payroll Taxes for Farmworkers

If you sold any business property last year like equipment, vehicles or livestock, you’ll have to file Form 4797 to report any gains on your taxes.

Bryce Warnes