Agri-Business

nf_2009%20logo%20transparent%20with%20tab%20line.gif

Our Services

>	Agri-Business*
>	Dairy Advantage
>	Tax Compliance
>	QuickBooks Services

Site Overview

Sitemap

: Agricultural Accounting Services

We specialize in accounting and business development for agriculture businesses. Our clients include cash crop farm operations and livestock operations throughout Michigan, northeran Ohio and Indiania, and Wisconsin.

Specialized accrual basis financial statements offer agricultural producers the best management tools for their operations. These statements give the "rest of the story" and are considered to be "the best" by banks throughout our client area. Read more here about how we can be a vital part of your agri-business team by selecting an article below.

Jeff Bushey, CPA, Partner of Nietzke & Faupel, PC provides the leadership for the Nietzke & Faupel, PC agriculture team of accountants. Jeff is a past president and member of the Farm Financial Standards Council www.FFSC.org a national forum to facilitate and promote uniformity and integrity in financial reporting and analysis.  He has a passion for leading a professional team of accountants who specialize in agriculture services that provide financial reporting and analysis that meets the customers specific needs. Jeff's agriculture consulting is sought after by many clients throughout the Great Lakes area who appreciate his unique independant perspectives and experience.

Thinking about passing your agriculture operation on to your children or others? Check our E-Booklet on Agri-Business Succession. We would be happy to discuss your needs for succession planning with you.  Contact our team for an appointment.

Dairy Advantage Brochure

Learn about our specialized accounting services for dairy operations.

Cash Basis Accounting Falls Short

Currently, a vast majority of agricultural producers keep their records using the method of accounting referred to as cash basis. Under this system, income is recorded when the cash is actually received, and expenses are recorded as of the date the cash is paid. There is no attempt to relate or match the income received with the expenses incurred. If you hold crops past the end of the year, or pre-pay expenses for tax planning purposes, you will have misleading profit figures for the year.

Therefore, the cash basis system does not generate an accurate measurement of profitability for a period. However, since the cash basis method is the simplest approach and it provides excellent tax planning opportunities, most farmers will want to continue to keep their books using the cash (or income tax) basis.