Financial Services

Tax planning, preparation, and succession planning services are available throughout the year and by appointment. Our team of professionals is ready to assist with audit representation, provide a free review of your prior tax returns, or answer general tax questions.

Farm Credit Services of Mandan is not a CPA or LPA firm.

Tax Planning

Paying tax is not a bad thing, but paying more tax than you have to is not a good thing. Take the guesswork out of managing your tax risk before year-end by developing a strategy with a trusted and professional Farm Credit Ag Tax Specialist.

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What is it?

A service provided to producers to help them:

  • Minimize tax liabilities
  • Provide an understanding of the producer’s year-to-date net income/loss
  • Avoid unnecessary surprises at tax preparation time

Who is it for?

  • Sole proprietors
  • Partnerships
  • Corporations

What should I expect from this service?

You will work with a certified tax specialist that will provide you with the confidential service you expect in structuring your tax liabilities or refund before preparation time.

Sample Reports

Payroll Service

Payroll services can be complicated, hard to keep up with, and time consuming.  Get peace of mind, ease and convenience with Farm Credit Services payroll services. Avoid large penalties and interest with accurate payroll checks. We can also represent you in a payroll audit which can avoid disputes and improve employee satisfaction.

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What Complicates Payroll?

  • New IRS rules for labor compliance
  • Timely electronic tax deposits
  • Processing payroll checks with the correct withholdings (social security, medicare, state an federal)
  • Year-end tax reports (943,941,940, W2)
  • New hire guidelines (I-9, Wr, job services, child support)
  • Foreign workers (Visa's, H2A, J1

 

Payroll Service

Payroll services can be complicated, hard to keep up with, and time consuming.  Get peace of mind, ease and convenience with Farm Credit Services payroll services. Avoid large penalties and interest with accurate payroll checks. We can also represent you in a payroll audit which can avoid disputes and improve employee satisfaction.

More Information

What Complicates Payroll?

  • New IRS rules for labor compliance
  • Timely electronic tax deposits
  • Processing payroll checks with the correct withholdings (social security, medicare, state an federal)
  • Year-end tax reports (943,941,940, W2)
  • New hire guidelines (I-9, Wr, job services, child support)
  • Foreign workers (Visa's, H2A, J1

 

Tax Preparation

Complying with federal and state farm tax law requires the help of a specially trained farm tax specialist. Join over 1,200 other farmers and have confidence your return is prepared correctly by using our ag tax preparation service.

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What is it?

A financial management service provided to individuals and/or companies to help in the accurate and timely preparation of farm tax returns.

Who is it for?

  • Sole Proprietors
  • Partnerships
  • Corporations
  • Trusts
  • Limited Liability Companies (LLP’s)

 

What should I expect from this service?

  • Tax preparation conducted by certified tax specialists in a confidential manner.
  • Your tax returns will accurately reflect your past year’s profit/loss.
  • Farm Credit Services will professionally represent you in the event of an inquiry from the IRS.
  • A review of your past three years’ tax returns is available free by request.

Recordkeeping

It's tough to find down time to organize your records when running a farm or ranch business. Let Farm Credit Services help you strengthen your business with sound financial records.  We specialize in agricultural record keeping and payroll. 

 

 

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What does our Recordkeeping Service Provide?

  • Up-to-date financial reports for advisors
  • Simplify tax planning and preparation
  • Monitor family living income and expense
  • Frees up your time and relieves stress
  • Investing is made easier with accurate records
  • Useful for estate/succession planning
  • Work directly with your loan officer and tax preparer when needed
  • Helps make operational and capital management decisions
  • Helps determine profitability of your business

 

 

 

 

 

Recordkeeping

It's tough to find down time to organize your records when running a farm or ranch business. Let Farm Credit Services help you strengthen your business with sound financial records.  We specialize in agricultural record keeping and payroll. 

 

 

More Information

What does our Recordkeeping Service Provide?

  • Up-to-date financial reports for advisors
  • Simplify tax planning and preparation
  • Monitor family living income and expense
  • Frees up your time and relieves stress
  • Investing is made easier with accurate records
  • Useful for estate/succession planning
  • Work directly with your loan officer and tax preparer when needed
  • Helps make operational and capital management decisions
  • Helps determine profitability of your business

 

 

 

 

 

Succession Planning

This service will benefit people who own farm assets and are planning for retirement or working to keep the farm in the family. Our trained professionals can help develop a transition plan to meet your specific needs.

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What is it?

An in-depth one-on-one consultation tailored to fit your farm and family’s goals to keep the farm in the family.

How would you benefit from this service?

You would learn more about our options involving:

  • Transferring your farm operation to the next generation
  • Controlling income taxes, estate taxes, and administrative costs
  • Treating family members fairly
  • Building a transition plan that will work in prosperous times and lean times
  • Planning for a secure retirement

Latest News

FCSM is Connecting Communities with a 5K Run for Food and Fun

Farm Credit Services of Mandan (FCSM) and its eight branch offices are organizing a 5K run, trail hike or pasture walk challenge.  “The goal is to support our local food banks by participating in a healthy rural activity,” said Aaron Vetter, CEO for Farm Credit Services of Mandan.  A 100% of all entry fees will be donated to the area food bank of the registrant’s choice. “The 5K is being held...

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Livestock Risk Protection Updates and Webinar

Livestock Risk Protection (LRP) is designed to insure against declining market prices. Producers may select from a variety of coverage levels and periods of insurance that correspond with the time their market weight livestock would be sold. Producers can choose contract length (varying from 13 to 52 weeks), weight, coverage level, and number of livestock they want to insure. LRP is available...

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