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Sherwood Park and Edmonton Farm Tax Accounting and Agriculture Accountants

Unlock financial growth in the heart of agriculture with BOMCAS, your trusted partner for Sherwood Park and Edmonton Farm Tax Accounting. Our Agriculture Accountants specialize in tailored financial solutions for farmers and agribusinesses. From strategic tax planning to comprehensive accounting services, we are committed to cultivating success in the Sherwood Park and Edmonton farming communities. Partner with us for a harvest of financial expertise and dedicated support in agricultural accounting. We provide Remote, Local and virtual accounting and Tax services.

  • 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

Farming and Fishing Income

You may be operating a farming business, a fishing business, or both. If you run both a farming and a fishing business, farming and fishing income includes income earned from activities from either list below.

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

Strategic Farm Tax Planning

Navigating the intricacies of farm taxation requires expertise and a deep understanding of the industry. At BOMCAS, our dedicated Agriculture Accountants specialize in strategic Farm Tax Planning. We work closely with farmers to optimize tax efficiency, maximize deductions, and ensure compliance with the latest regulations. Your financial success is our priority.

Comprehensive Agriculture Accounting Services

BOMCAS offers a comprehensive suite of Agriculture Accounting Services designed to meet the diverse needs of farmers and agribusinesses. From bookkeeping and financial statement preparation to budgeting and financial analysis, our team provides the essential financial tools to drive your agricultural enterprise forward.

Specialized Services for Sherwood Park and Edmonton

As your local partners in Sherwood Park and Edmonton, we take pride in offering specialized services tailored to the unique characteristics of the local farming community. Whether you are a family-owned farm, a livestock operation, or involved in crop production, BOMCAS has the expertise to address your specific accounting needs.

Why Choose BOMCAS?

  • Industry-Specific Knowledge: Our Agriculture Accountants possess in-depth knowledge of the farming industry, ensuring that our services are tailored to the unique challenges and opportunities farmers face.
  • Compliance Assurance: Stay ahead of changing regulations with our proactive approach to compliance. BOMCAS keeps you informed and ensures that your farm operations align with the latest tax laws.
  • Financial Growth Strategies: Beyond compliance, we work collaboratively with you to develop financial growth strategies. Whether you’re expanding your operations or planning for the next generation, BOMCAS is your partner in success.

Partner with BOMCAS for Agricultural Financial Excellence

At BOMCAS, we recognize the vital role farmers play in Sherwood Park and Edmonton's agricultural community. Our goal is to empower you with financial tools that drive growth, stability, and long-term success. Partner with BOMCAS for Farm Tax Accounting and Agriculture Accountants dedicated to the prosperity of your farm. Contact us today to schedule a consultation and take the first step toward financial excellence in the world of agriculture.

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    780-667-5250

    780-851-2520

    info@bomcas.ca

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    hello yeshello 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 BakerShelby 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)Kevin (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 ObanionRichard 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-BrowneKendra 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-MoultonDevine 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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