Accounting, Bookkeeping and Tax for Farmers

The farming sector has many quirks when it comes to accounting, tax and bookkeeping. If your accountant doesn’t understand your industry, it could be costing you thousands of dollars every year!

Our experience

Garrett Froese and his family have been farming for many years. This experience gives us firsthand knowledge and expertise in the farming sector that most accountants just don’t have. Our primary focus is on farmers, and always has been. We chose to specialize in farm focused financial services because we know how many farmers across Canada are feeling stressed, confused and overwhelmed by their business. Froese & Company can remove stress, reduce time spent on tasks like bookkeeping and even save you money. We are farmers at heart and understand the financial challenges you face in a way that only hands-on experience can provide. We back that experience up with continuous education, research and training to keep up with regularly changing tax regulations and government requirements.

We also have extensive knowledge and experience with government programs such as AgriStability, AgriInvest, and other Growing Forward initiatives.

Challenges

Turning a passion or a skill of yours into a successful business isn’t as easy as it sounds.
Farming is a challenging, yet rewarding venture that takes a lot of hard work and determination. Very few businesses are as susceptible to economic fluctuations and the environment as farmers are. On top of this, there are certain quirks when it comes to bookkeeping and tax for farms. Farms have special status under certain provisions of the Canadian Income Tax Act (ITA) that traditional accountants may not be aware of. Froese & Company focus on this industry and can help you realize more opportunities and overcome any barriers. The stability and success of our farmers and their families has a direct impact on our community and our economy as a whole. We understand just how important farms are and we want yours to be as successful as it can be.

Our services

Froese & Company offer comprehensive accounting, bookkeeping, tax and payroll services for farmers. We’re experienced in all aspects of farm management and can help you in a range of areas including cashflow and budgeting, forecasting, business planning, finance applications, estate and/or succession planning, purchase or lease agreements, bookkeeping, payroll and farm business planning.

As accountants and tax advisors, we often get asked questions like these

  • Should I buy or lease new grain bins or equipment?
  • Should I take the rebate or the low-interest rate offer on my next vehicle?
  • Which loan structure will cost me the least in interest?

We understand you’re probably busy and don’t have time for an off-farm visit with your accountant. We’ve made it easy to share documents, files and other information remotely so you can continue running your farm without the downtime.

If you want an advisor who understands your business and knows how to help you improve it, talk to Garrett and the team today.

How it works

It doesn’t matter where you’re located, location and distance won’t stop you from working with the team at Froese & Company. We work virtually with our clients which gives them the freedom to talk to us whenever and wherever they want. We use modern technology like online meeting software and screen sharing so you get great service from your accountant, at a time and location that suits you.

At Froese & Company, we use fixed fees rather than hourly billing which lines up well with our commitment to delivering value for clients. When we start working together we’ll agree on a fixed fee that you pay every month. It saves you from having to worry how much your bill will be at the end of the month.

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