skip to Main Content

Year End Record Closing and Farm Analysis Considerations

About This Publication

The end of the year is not only a time for Holidays but also the close of the business year for most farmers. The majority of farm operators use a calendar year (January 1 – December 31) as their business year for income tax purposes and also to prepare financial statements about their operation. Even if a business is on a different fiscal year for tax reporting purposes, they may still want to prepare financial statements based on a calendar year.

Back To Top