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My Latest Blogs
James Cater
29th June 2018
Understanding Tax Relief Restrictions
Although we hear of decline in the value of development land, particularly for larger developments, growing houses continues to be more attractive to many than growing crops. Onerous Section 102 levies may apply but the tax regime remains gentle. It should not however be assumed that tax reliefs will be available automatically. Legislation imposes qualifying…
James Cater
30th October 2017
Changes for Farmers in VAT flat rate scheme
The decision has recently been published in a European Court of Justice case, Shields and Sons Partnership v the Commissioners for HM Revenue & Customs. The case revolved around the authority of HMRC to remove the partnership from the VAT flat rate scheme for farmers. It is reported that the partnership had benefited over…
James Cater
23rd February 2017
Digital Carrot or Stick?
Making Tax Digital: Looking at cloud solutions. The Cultural Revolution, according to Wikipedia, was a socio-political movement, which took place in China from 1966 until 1976. Half a century later ….. Full article in Farmer & Growers publication (March 2017 edition) Blog entry by: James Cater.
James Cater
1st January 2017
Agricultural Update
Farming Group Newsletter: Spring 2017. In this edition Whitings farming group look at Brexit, our annual farming seminar, development land, trusts, divorce, machinery leasing, double taxation and tenancies. Full Newsletter Blog entry by James Cater.
James Cater
4th November 2016
Building Information Modelling
Construction Projects: Use of cloud accounting helps with BIM. Are you part of a construction project team? There is increasing publicity being given to the integration of Building Information Modelling (BIM) into construction projects. Since 4 April 2016, any firm wanting to be considered for public sector construction work has to be BIM level 2…
James Cater
4th November 2016
Agricultural Income
Farm Diversification: Proceed with caution ! As farmers innovate and squeeze more income streams from their land, care should be exercised to avoid potential capital taxers and VAT traps:
James Cater
4th November 2016
Farming Opportunities
Farming: Summer Update Whitings’ Farming Group looks at BREXIT, Energy Barns, New farm income streams, Entrepreneurs relief, Averaging, Permitted developments, Probate and FRS102.
James Cater
4th November 2016
Farmers
The options for cloud accounting available to farmers are increasing. Already QuickBooks Online have developed a nominal ledger format and reporting routines for their cloud-based system which facilitate the compilation of gross margin accounts and harvest year results.
James Cater
28th September 2016
Agricultural Rent
Tenant Farmers: Is the rent for your land too high? Low commodity prices blighting British agriculture may offer some respite to Agricultural Holdings Act tenants. Rather than landlords pressing for higher rents there may be opportunities for tenants to seek downward rent reviews. Professional advice should be considered. For those locked into farm business tenancies,…
James Cater
13th September 2016
Data Security
Farmplan Cloud Offering: Keeping your data secure. Keeping your data safe and secure is essential for any business, however for many of us we also want to share our data with our consultants, accountants and within the business itself which can pose a problem with the existing systems we have in place. For Farmplan software…