End of year tax and accounting strategies from farmer/CPA Sarah Scott of Scott Farm & Flower in New York State
As we approach the end of the year, we wanted to check in with farmer/CPA Sarah Scott to ask about tax and accounting best practices to make sure growers aren’t leaving money on the table and are ready to move into 2026 as strong as possible. Sarah and her family run Scott Farm & Flower and Allegiant Tax & Accounting Services, so she understands both the accounting world and how farm businesses operate. In this episode, we make sure your accounting software subscription is paying for itself by discussing how to get the most out of the records you’re already keeping, so they’re not just for tax compliance but also help you make better farm decisions.We also talk about tax-smart ways to invest a profit in equipment or your retirement. We discuss how farm income averaging can help you on taxes, especially if you have one unusually good year, so the profit can be averaged over multiple years. We also consider when accelerated depreciation can be useful, how to do next year’s budgeting with this year’s numbers, and more in this week’s Growing for Market podcast! Connect With Guest:Website: allegiantfinancial.netInstagram: @scott_farm_and_flower Podcast Sponsors: Huge thanks to our podcast sponsors as they make this podcast FREE to everyone with their generous support:There are a lot of farm sales platforms out there, but there’s only one that’s cooperatively owned by farmers. That’s GrownBy — your all-in-one solution to simplify farm sales. GrownBy makes online farm sales easy and affordable; setting up your shop is free, and you only pay when you sell. Join over 900 farms who have already signed up for GrownBy, at grownby.com. Since 1993, Vermont Compost Company has supplied premium living soils and compost-based amendments to thousands of successful growers all over the country. All ingredients used in Vermont Compost products are approved for certified organic production. Each fall, Vermont Compost Company offers a Prebuy Sale to incentivize ordering your spring soil before winter settles in. Early Bird customers save 20% on orders placed, paid for and shipped by October 31st. For more information, visit vermontcompost.com/prebuy, or call at (802) 223-6049. Vermont Compost Company - living soils for organic growing since 1993. BCS two-wheel tractors are designed and built in Italy where small-scale farming has been a way of life for generations. Discover the beauty of BCS on your farm with PTO-driven implements for soil-working, shredding cover crops, spreading compost, mowing under fences, clearing snow, and more – all powered by a single, gear-driven machine that’s tailored to the size and scale of your operation. To learn more, view sale pricing, or locate your nearest dealer, visit BCS America. Nifty Hoops builds complete gothic high tunnels that are easy to install and built to last. Their bolt-together construction makes setup straightforward and efficient, whether it's a small backyard hoophouse, or a dozen large production-scale high tunnels- especially through their community build option, where professional builders work alongside your crew, family, or neighbors to build each structure- usually in a single day. Visit niftyhoops.com to learn more. Farmhand is the virtual assistant built for farmers—helping CSAs scale sales, run error-free fulfillment, and deliver 5-star service. Whether you’re at 100 members or 1,000, Farmhand helps you grow without burning out. You’ve heard us—and our farmers—right here on the Growing for Market Podcast. Explore more stories and learn more at farmhand.partners/gfm.Subscribe To Our Magazine -all new subscriptions include a FREE 28-Day Trial
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