DiscoverGrowing For Market PodcastEnd of year tax and accounting strategies from farmer/CPA Sarah Scott of Scott Farm & Flower in New York State
End of year tax and accounting strategies from farmer/CPA Sarah Scott of Scott Farm & Flower in New York State

End of year tax and accounting strategies from farmer/CPA Sarah Scott of Scott Farm & Flower in New York State

Update: 2025-10-14
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As we approach the end of the year, we wanted to check in with farmer/CPA Sarah Scott to ask about tax and accounting best practices to make sure growers aren’t leaving money on the table and are ready to move into 2026 as strong as possible. Sarah and her family run Scott Farm & Flower and Allegiant Tax & Accounting Services, so she understands both the accounting world and how farm businesses operate. In this episode, we make sure your accounting software subscription is paying for itself by discussing how to get the most out of the records you’re already keeping, so they’re not just for tax compliance but also help you make better farm decisions.

We also talk about tax-smart ways to invest a profit in equipment or your retirement. We discuss how farm income averaging can help you on taxes, especially if you have one unusually good year, so the profit can be averaged over multiple years. We also consider when accelerated depreciation can be useful, how to do next year’s budgeting with this year’s numbers, and more in this week’s Growing for Market podcast!

 

Connect With Guest:

Website: allegiantfinancial.net
Instagram: @scott_farm_and_flower


 

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End of year tax and accounting strategies from farmer/CPA Sarah Scott of Scott Farm & Flower in New York State

End of year tax and accounting strategies from farmer/CPA Sarah Scott of Scott Farm & Flower in New York State

Sarah Scott, Andrew Mefferd