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Farming

Passionate about helping agricultural and rural businesses to succeed

Farming, agriculture and rural businesses is a specialist area that requires expertise and an understanding of the industry. We understand that your circumstances are often unique, after all, it's more than just a business, it’s a way of life.

Family/employee relationships and an ever increasing raft of Governmental subsidies, are just a few of the trials you can face. Led by our highly experienced Manager, Penny Sanderson, who is from a farming background and has over 20 years of experience in the agriculture sector, our team, who are well versed in such complexities, will challenge your business to work as hard as it can for you.

Our services

Accounting, auditing, management accounts - Support with day-to-day running of your business, streamlining your operating procedures and help with opening up potential opportunities.

VAT Returns - We can ensure your tax and VAT returns are filed accurately and on time and are in line with HMRC'S Making Tax Digital initiative.

Payroll - Maintain your staff records and comply with changes to the PAYE system. You can find more information on our payroll services here.

Business planning - From a new farm owner to those wanting to grow, planning is key. You can find more information on our business planning here.

Tax planning - Inheritance tax and capital gains tax are both vital for landowners in relation to succession planning. With high land values and assets involved, your beneficiaries may find themselves in the difficult position of selling assets to pay off any owed tax. You can find more information on our tax planning services here.

Succession and exit planning - Worried about the future of your business? We can discuss how best to pass on your business to family or others in the most efficient way. Inheritance Tax planning is particularly important in consideration of the high values involved; you'll want to avoid a situation where your beneficiaries should have to sell off inherited assets to pay off the tax owed.

Finance and funding - How to access the money needed for such a capital intensive industry. Knowledge and the best approach to funding is key.

Government grants - Confused or unaware of the EU subsidies, grants and quotas available? We're on top of the latest developments in the sector.

Making Tax Digital

Following HMRC’s Making Tax Digital (MTD) initiative which came in to effect in April 2019, most farm businesses will have to submit their VAT returns via a compatible software solution. To find out more about MTD and whether you’re impacted click here.

Farmplan’s Cash Focus Accounts Package is an MTD compatible software providing an effective and efficient solution for UK farms and rural businesses to manage their business and accounts.

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We are pasionate about helping agricultural and rural businesses to succeed. For more information on how we can help your agricultural business to thrive, get in touch.

 

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