Taxes

Lessen your burden with a comprehensive approach.

Taxes: they're tedious, frustrating, infuriating, and at times, downright scary. That's because taxes aren't just filing forms and finding loopholes. At Farmer, we don't just offer tax filing, we offer tax strategy. By understanding your entire financial situation, we can home in on the most optimal tax plan for you and your business, making sure no stone is left unturned in crafting an adaptive tax strategy that works for you not just this year, but for many years to come.

Tax Services


  • Annual tax filings for all business entities (1120, 1120S, 1065, 1041, etc.)
  • Annual tax filings for personal returns (1040, Schedule C Business, Schedule E Rentals, etc.)
  • Tax planning sessions throughout the year, monitoring financials to optimize your tax strategy
  • State and local tax compliance and strategy
  • Employee benefits tax management
  • Tax implications of mergers and acquisitions
  • Real estate tax compliance and strategy
  • Wealth management and family office tax services
  • Custom tax workshops and education for businesses and individuals
  • Capital gains tax planning and optimization
  • Succession planning for family-owned businesses
  • Replies to IRS queries and audits
  • Tax analysis of complex strategies (1031 exchanges, Roth conversions, investment taxes, etc.)
  • Payroll tax reporting and compliance
  • International tax planning and compliance
  • Research and development tax credit studies
  • Estate, gift, and trust tax preparation and planning
  • Sales and use tax reporting and advisory services
  • Representation in front of tax authorities
  • Digital asset and cryptocurrency tax planning and reporting
  • Taxation of expatriates and inpatriates
  • Tax incentive analysis for new investments or expansions

Secure

Competent, accurate returns that are time-efficient and planned throughout the year, year in and year out.

All-Encompassing

A holistic approach that utilizes synergies in financials and payroll to help plan and execute the right tax strategy for you.

Forward-Thinking

We maximize future cash flow while helping your current tax situation through retirement strategies.

Did you know?

32

Hours

of a small business owner's time, on average, is spent doing their own taxes, according to the IRS.

33

Percent

of small businesses think they overpaid in taxes.

$1.5

Billion

of tax refunds go unclaimed by Americans every year.

21

Percent

is the current top corporate tax rate in the United States.

Have any questions?

Unless you're a CPA, you probably do. Here are answers to some of our clients' most frequently asked questions.

Income taxes are based on many, many different taxable items. Taking the holistic approach to your financials can help manage your taxes to be constant. Lining up your personal wages with your net income from your business with your income from rentals and investments helps determine what would be best for you when all of those are combined, for now and through future years.

This question would have a different answer based on many variables — all of which should be part of your regular conversations with you accountant. Setting up the right tax entity (separate from your legal entity) is key to being taxed at the most optimal rate. Aligning your income and wages to be best for your tax entity is key to being taxed at a lower rate for many future years. (Basically, if you don’t know the answer to this, you should contact us.)

Farmer CPA is OBSESSED with choosing S Corporation for the majority of our business clients. The tax benefits and flexibility in deciding how income is taxed leaves little dispute as to why the S Corporation is best for tax planning. This is a simple test to see if your accountant is doing what is best for you.

There’s not really an easy answer, but a good accountant should explain why they are choosing a specific type of tax entity, the wages to owners, the amount to pay in income tax, the tax bracket management techniques they are utilizing, etc. If they aren’t talking to you about these things on a regular basis, they are either not doing them, or not doing them best for you.

Tax returns and tax rates can be complicated and convoluted. The best tip is to find a great accountant who can explain how the taxes work in terms you will understand and show you the flow of the information on your tax return. Having confidence in taxes is having confidence in your accountant.

Additional Services

Explore the other services Farmer has to offer to see how each piece fits within the strategy of your financial success.

Ready to Work Together?

We’re not your typical CPA. That’s OK, you’re probably not a typical business. Let us help you craft some financial goals tailored to your business. Relax, we’ve got this!