GFM Network News


What was the real bottom line on your farm in 2017?

Cash accounting can save you taxes, but it doesn’t give you a true picture of profitability

Was your farm profitable in 2017? Now is the time to find out by converting cash statements to accrual income and expenses statements, says a provincial farm financial specialist. “The majority of farms still report their incomes and expenses on a cash basis via their annual income tax returns with the goal of avoiding or […] Read more