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Calgary Farm and Agriculture Accountant – BOMCAS Canada

BOMCAS Canada provides expert accounting and tax services tailored specifically for the farming and agricultural community in Calgary, Alberta. Our services include meticulous bookkeeping, comprehensive payroll management, and accurate tax preparation and filing for corporations, sole proprietorships, and individual personal tax clients. We serve clients both locally and virtually throughout Calgary, Edmonton, and surrounding areas.

Our experienced and qualified team has been providing specialized accounting and tax services for many years, allowing us to offer complete and tailored solutions to meet your unique needs. If you are seeking a trusted partner who understands the intricacies of the agricultural sector, BOMCAS Canada is here to help.

Why Choose BOMCAS Canada for Your Farm and Agriculture Accounting in Calgary?

Choosing the right accountant is crucial for the financial health of your farm or agricultural business. BOMCAS Canada provides a unique blend of specialized expertise and personalized service. Here's why we are the best choice:

  • Deep Industry Knowledge: Our accountants possess in-depth knowledge of the unique financial challenges and opportunities within the agricultural sector in Calgary.
  • Comprehensive Service Range: We offer a full suite of services, including bookkeeping, payroll, tax preparation, strategic tax planning, and compliance.
  • Personalized Solutions: We understand that each farm or agricultural operation is different, and we tailor our services to meet your specific needs.
  • Proactive Tax Advice: We focus on more than just preparing taxes, offering proactive strategies that minimize your liabilities while maximizing profitability.
  • Flexible Support Options: With both local and virtual accounting services, we provide reliable and accessible support wherever you are located.
  • Accounting for Farms and Agricultural Businesses
  • Outsourced accounting and bookkeeping
  • Cash basis accounting
  • Budgeting and cash flow management
  • Financial statement preparation
  • Farm income averaging
  • Tax preparation and strategic tax planning
  • Entity selection and business advisor services
  • QuickBooks training & support
  • Capital tax planning
  • Succession planning

Understanding Farming and Fishing Income

Understanding what constitutes farming and fishing income is essential for accurate tax reporting. At BOMCAS Canada, we provide expert guidance on income from both sectors. If you operate both farming and fishing businesses, our team ensures your income is correctly categorized and managed.

Farming income

Farming income includes income you earned from the following activities:

  • soil tilling
  • livestock raising or showing
  • racehorse maintenance
  • poultry raising
  • dairy farming
  • fur farming
  • tree farming
  • fruit growing
  • beekeeping
  • cultivating crops in water or hydroponics
  • Christmas tree growing
  • operating a chicken hatchery
  • operating a feedlot

In certain circumstances, you may also earn farming income from:

  • raising fish
  • market gardening
  • operating a nursery or greenhouse
  • operating a maple sugar bush

Fishing income

Fishing income includes income you earned from the following activities:

  • salt water fishing – boat owners with crewshares
  • salt water fishing – boat owners without crewshares
  • salt water fishing – sharesman
  • freshwater fishing – boat owners with crewshares
  • freshwater fishing – boat owners without crewshares
  • freshwater fishing – sharesman
  • animal aquaculture
  • sale of fish, shellfish, crustaceans or other marine products

It also includes income from:

  • grants
  • credits
  • rebates
  • subsidies
  • compensation for loss of fishing income or property
  • other income

Frequently Asked Questions (FAQs)

What types of accounting services do you offer for farms and agricultural businesses in Calgary?

What kind of tax planning strategies do you provide for the agriculture sector?

Can you help with both bookkeeping and payroll for my farm?

How does your experience benefit my farm's financial operations?

What is your approach to helping farming businesses succeed?

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    780-667-5250

    780-851-2520

    info@bomcas.ca

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    Google Reviews
    hello yes profile picturehello yes
    23:16 14 Aug 23
    One of the Best Accountant in Edmonton. They provide wonderful accounting and tax services for me. Looking forward to next year again.
    Shelby Baker profile pictureShelby Baker
    10:34 05 Apr 21
    Really happy with Bomcas Ltd Accounting & Tax Services! They have offered me specialized service for all tax requirements for accounting, incorporation and taxes. I have referred them to several people.
    Kevin (Kevinstrek) profile pictureKevin (Kevinstrek)
    15:35 16 Mar 21
    Came to the company by Google search for a trucking accountant. They turned out to be a very competent and experienced firm. I really liked the online aspect where you can do the entire transaction without ever stepping foot in the office. I just app scanned all my tax forms and set them in. They will ask for anything you don't send if needed and it was all done in a few days. I also paid via online payments. It's convenient being a truck driver as I'm not around much. The quality of service is great and they caught all the details of trucking and I claimed things other accountants have missed. For sure I'll be recommending them to others and coming back next year.
    Richard Obanion profile pictureRichard Obanion
    07:21 11 Mar 21
    So excellent and efficient! BOMCAS handled my personal tax. Truly affordable charges and amazing services. I would like to recommend it to all my friends who need it. Thanks a lot!
    Kendra Robinson-Browne profile pictureKendra Robinson-Browne
    18:19 13 Jan 21
    We used Bomcas for our taxes last year, and we were very impressed! The service was fast, efficient, knowledgeable, and most importantly, Karen seems to really enjoy what she does. They are very affordable, and we will be using them again and again. I would highly recommend using them for all your tax and accounting needs!
    Devine Smith-Moulton profile pictureDevine Smith-Moulton
    07:00 13 Jan 21
    The professionalism I receive from the staff at Bomcas is exceptional. My tax return is done accurately and in a timely manner. I would recommend anyone to this company. You get your money's worth.
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    181 Meadowview Bay, Sherwood Park, AB T8H 1P7, Canada (Online Clients Only)

    6063 88 St NW, Edmonton, AB T6E 5T4, Canada

    Calgary, Alberta, Canada (Coming Soon)


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