FARMChek Services Inc

FARMChek Services Inc We take care of your business for you, so you can get back to the job of running your business. Pick a location convenient for you.

We are a local business that has provided business and individual accounting, tax preparation, payroll, consulting, and retirement services since 1980 to over 4,000 satisfied clients each year. We work very hard to obtain the latest in technology and research materials to effectively meet our client's needs. We maintain relationships with highly qualified professionals in banking, real estate, legal and other areas to help assist our clients with any issue that they may need help with. McIntosh Office
175 North Broadway
PO Box 338
McIntosh, MN 56556
[email protected]
Phone: (218) 563-4178
Fax: (218) 563-4545

Bagley Office
224 Main Ave N
PO Box 358
Bagley, MN 56621
[email protected]
Phone: (218) 694-6568
Fax: (218) 694-2729

Ada Office
101 East Thorpe Ave
Ada, MN 56510
[email protected]
Phone: (218) 784-4505
Fax: (218) 784-2249

Fosston Office
116 Johnson Ave N, Ste A
Fosston, MN 56542
[email protected]
Phone: (218) 435-7805
Fax: (218) 435-7801

Effective year-end planning involves making informed choices that support your long-term goals. This requires you to thi...
10/06/2026

Effective year-end planning involves making informed choices that support your long-term goals. This requires you to think beyond reducing taxes for the current year. Whether you’re reviewing operations, considering future investments or evaluating tax-saving opportunities, a proactive approach can help you address the challenges and opportunities ahead. Call us at (218) 563-4178 for guidance on positioning your business for continued success.

Now is a good time to review your year-to-date investment gains and losses. If you have net capital gains, consider sell...
10/05/2026

Now is a good time to review your year-to-date investment gains and losses. If you have net capital gains, consider selling investments that have declined in value to help offset your gains — a strategy known as “loss harvesting.” If you have net losses, harvesting gains by selling appreciated investments can allow you to recognize some or all of the gains tax-free. You can also generally use up to $3,000 of net capital losses to offset ordinary income. Contact us at (218) 563-4178 to discuss year-end tax planning for your investments.

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. ...
10/02/2026

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. The guidance provides new details on how you must identify, calculate and report qualified overtime income. For example, it clarifies that only FLSA-mandated overtime premiums qualify, notifies employers that separate reporting on Forms W-2 is required beginning in 2026, and confirms that overtime pay remains subject to federal income tax withholding. These changes may call for payroll system updates and a closer review of employee classifications and overtime practices. Call us for help preparing for the new requirements.

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, espe...
09/30/2026

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, especially as tax laws, financial circumstances and long-term goals evolve. We can help keep these important drivers of financial security in sync by providing coordinated strategies for managing taxes, supporting retirement objectives and preserving wealth for future generations. Contact us at (218) 563-4178 to get started.

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different th...
09/29/2026

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different things. Profit reflects revenue minus expenses, while cash flow tracks the movement of cash in and out of your business. Cash shortfalls are especially common for growing businesses. That’s because you typically must pay suppliers, vendors and lenders upfront, and then wait for customers to pay you. Understanding the difference between profit and cash flow — and how to account for each — can help you make smarter financial decisions. Contact us at (218) 563-4178 to learn strategies for improving cash flow management.

You may be eligible for the Child and Dependent Care Credit if you pay for care so you can work. For 2026, the credit fo...
09/28/2026

You may be eligible for the Child and Dependent Care Credit if you pay for care so you can work. For 2026, the credit for lower-income taxpayers increases from 35% to 50% of the first $3,000 of qualified expenses for one child ($6,000 for two or more children). Some middle-income taxpayers may also qualify for a larger percentage than in prior years. Call us at (218) 563-4178 to learn how the updated rules may apply to your family.

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations...
09/25/2026

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations clarifying the investment options allowed during the “growth period.” This period begins when the beneficiary’s initial account is established and ends on Dec. 31 of the year the child turns 17. During this time, eligible investments generally include mutual funds or exchange-traded funds that track an equity index of mainly U.S. companies, don’t use leverage, and have annual fees and expenses of no more than 0.1% of the fund’s balance. The proposed regulations would apply to tax years starting on or after Jan. 1, 2026. Call us at (218) 563-4178 with questions.

Business owners: Are you or your employees planning to go “back to school” soon? Two types of work-related education cos...
09/23/2026

Business owners: Are you or your employees planning to go “back to school” soon? Two types of work-related education costs may qualify for business tax breaks: 1) those required to retain an existing job, license or professional status, and 2) those directly tied to maintaining or improving skills for a current trade or business. Deductible expenses can include tuition, books, supplies and possibly travel if the primary purpose of the trip is business-related education. However, you can’t deduct costs for education that help meet the minimum qualifications for a position or to qualify for a new trade or business. Contact us at (218) 563-4178 to learn the ABCs of work-related education expense deductions.

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 4...
09/22/2026

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 401(k), 403(b), 457 plan, SIMPLE or IRA. And workers age 60 to 63 can potentially boost their 401(k) or other employer-sponsored retirement plan up to 150% of the regular catch-up limit. For 2026, this means an extra contribution of $11,250 ($5,250 for SIMPLEs). Want to make the most of tax-advantaged savings opportunities? Contact us at (218) 563-4178.

The IRS is more likely to audit certain types of businesses, such as those that are primarily cash-based. Although you p...
09/21/2026

The IRS is more likely to audit certain types of businesses, such as those that are primarily cash-based. Although you probably can’t change the nature of your transactions, you can control the accuracy of your tax returns. Minimize errors by maintaining meticulous documentation. Generally, you should keep tax records for at least three years — the normal statute of limitations for an IRS adjustment. And don’t try to go it alone: Call us at (218) 563-4178 for help reducing the likelihood of attracting IRS scrutiny, as well as for support if your tax return is ever questioned.

Address

175 North Broadway
McIntosh, MN
56556

Opening Hours

Monday 8:30am - 4pm
Tuesday 8:30am - 4pm
Wednesday 8:30am - 4pm
Thursday 8:30am - 4pm

Alerts

Be the first to know and let us send you an email when FARMChek Services Inc posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to FARMChek Services Inc:

Shortcuts

Share