Agriculture

While agricultural is among society’s most essential industries, it is often fraught with tax and accounting roadblocks that may impede growth and profitability. Our experts bring extensive experience working with agricultural clients across various stages of their lifecycle to help them flourish and thrive -- advising structuring various farming entities, cash flow management, tax saving practices, and state and federal tax credits.

We are intimately familiar with the unique obstacles that you face and custom tailor our services and approach to meet your specific needs. Our specialists are well-equipped to address your questions on equipment acquisition, IRS controversies, qualified business income (QBI) deductions and much more.

Friedman helps intergenerational, family-owned businesses tackle challenges by leveraging our:

Specialized Tax Advice. Our tax advisors know the tax laws and requirements impacting your industry. They will examine your situation to ensure you claim the correct deductions, allowances and credits while avoiding financial penalties for noncompliance and maximizing your tax position.

Robust Accounting Practice. Offering everything from basic services like bank statement reconciliations to full-service accounting covering bill payment, payroll processing, financial statement preparation and analysis, reconciliation and reporting, we are committed to helping you achieve your financial goals.

Cross-Functional Services. With Friedman, you benefit from personalized attention with access to best-in-class service offerings, including:

• advisors from our Family Office Practice who will assess your financial picture in its entirety to help your family move as a unit toward a common goal
• our Estate & Trusts practice that is designed to ensure your business and wealth are is passed to your family with the smallest tax burden possible
• Friedman’s SALT Services Team, which stays current on state and local tax laws throughout all 50 states and proactively alerts you to emerging tax obligations, exposures and possible refund opportunities
• dedicated International tax experts who can advise you on the financial implications of taking your home-grown business global or entering lucrative new markets.

Holistic Approach. We save you time and help you make wise financial decisions that impact every aspect of your business by introducing you to, and working closely with, attorneys, lenders, insurance agents and other advisors. 

As your biggest advocates, we strive to help you implement best practices that allow you to focus on what’s most important to you—cultivating your business.

• Federal and state tax credits
• Transferring wealth to future generations
• Tax planning and preparation 
• Cash flow analysis
• Securing financing for your business
• Facilitating contact negotiations and properties
• Entity structuring
• Payroll processing
• Financial statement preparation and analysis
• Bookkeeping