Agriculture

Tax and accounting and support for farmers and agricultural businesses in and around North Carolina.

Agribusiness CPA Services

Specialized Accounting & Tax Planning for Farms & Agribusinesses

Agriculture plays a major role in North Carolina’s economy, but farmers and agricultural businesses face challenges that are distinctly their own. Changing workforce needs, evolving technology, shifting markets, and state and federal regulations can all affect how an operation performs.

DMJPS works with Christmas tree growers, nurseries, eco-tourism businesses, agricultural producers, livestock farmers, and other agriculture clients. Our advisors provide tax, audit, and accounting services designed to help you better understand profitability, use current tax laws efficiently, follow reporting requirements, and remain competitive.

How We Help Agriculture Clients

We help our agriculture clients with key issues affecting their current and future success, such as:

Accounting Method

Your accounting method determines how you recognize revenue, expenses, and income. Selecting the right method between cash basis, cash + fair market value, and accrual accounting will ensure you make your decisions based on the best information.

Legacy Planning

The continuity of your farm from one generation to the next is not a sure thing. When creating your succession plan, estate taxes, ownership transfer, and retirement should all be considered.

Tax Reduction Strategies

As an agriculture business, your income can fluctuate significantly from year to year. Federal law allows some farms to utilize income averaging to shift income from highly profitable years to prior years, minimizing tax liability.

Sustainability

The long-term success of your farm will require you to understand and react to current and future market trends. Recent consumer shifts toward organic and locally grown products have provided farms with an opportunity.

Our People

Agriculture Advisors Who Understand Your Business

Agribusiness is complex, and informed decisions depend on understanding both the financial side of the business and the realities of the industry. DMJPS has experienced agriculture tax specialists serving clients throughout North Carolina and the Southeastern United States.

Whether you need help with tax planning, accounting, reporting, or long-term business decisions, our professionals bring hands-on support and industry experience to the conversation.