Agriculture

With our 8 offices located in the heart of East Anglia, we are surrounded by some of the most fertile soil in the country. Agriculture makes up one of our largest client groups. At the last count, it was estimated that we act for businesses farming in excess of 156,000 acres. We have identified this as a sector requiring specialist advice and we have developed a self contained team to provide these services to clients.

Areas that farmers typically require assistance from us include:

• Preparing monthly VAT Returns, to obtain refunds from HM Customs & Excise,
• Preparing year end statutoty accounts and tax returns,
• Capital gains tax advice in relation to succession planning and protecting the family business from the possibility of next generation failed marriages,
• Use of trusts,
• Inheritance tax reviews.

Agricuture is a sector with unique accountancy requirements. Instruct us to act for you, and rest assured that we will understand your business and look after your best interests. We will be pleased to provide referees, from other farming businesses, once we have received their permission, if you require.

Practical Examples of our Agriculture Expertise

Discussing with farmers their options arising from the mid term review. Splitting established farming businesses to allow each side of the next generation to farm independently of each other.

Reviewing the capital gains tax pitfalls of selling land to raise finance. Computerising the book-keeping systems for farm businesses that have traditionally used manual cashbooks..