Agriculture

Based in the heart of the Eastern Regions for 90 years, Agriculture remains our biggest client group with a wide range of specialist accounting requirements.

As experts in the industry we offer support with aspects including:

  • Stock Valuation
  • Preparation and submission of annual accounts and tax returns
  • Payroll
  • Capital Gains Tax (CGT) Advisory Services
  • Inheritance Tax and Succession Planning

We can also help answer questions such as

  • How can I minimise my tax liability?
  • What do I need to consider when developing a succession plan?
  • How do I manage my business tenancies?

Our Farming Group meet regularly throughout the year, with representatives from across the firm discussing current affairs impacting the sector as well as ensuring the team are up to date with recent legislative changes.

The group also develops half-yearly Agricultural Newsletters which offer discussion on current subjects within the industry.

Discover the latest edition of our Agricultural Newsletter

 

Get in touch with your local office and speak to one of our specialist Agricultural advisers.

Client Review

In the years that you and your colleagues have acted as my accountants, a professional service has developed into a valued friendship and source of financial advice and guidance. In both service and professional terms, you have really gone the extra mile.



 
Latest Blogs in Agriculture
 
James Cater
7th December 2020 Farming Update: Winter Newsletter

Whitings Farming Group publish their half yearly commentary on what’s topical in the agriculture sector: Click Here (for edition 17) Blog Entry by: James Cater

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James Cater
4th December 2020 Agriculture Act 2020 – Changes to subsidies for agriculture

Following the publication of the Agriculture Act 2020 it is now clearer how subsidies to agriculture are going to change, with the first predominant feature being the running down of the Single Farm Payment regime. For farmers in parts of Norfolk and Suffolk there is opportunity to tender to participate in a £320,000 project to…

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Ben Kilby
1st December 2020 New Version: KEYPrime Version 9.5

If you use the rural business software KEYPrime from Landmark Systems, look out for the new version of the software 9.5. What are some of the new features?   Batch Entry – A faster way to enter data New and improved – Diary function Store Web links to documentation (View documents saved to Auto-entry, Receipt…

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Philip Peters
16th November 2020 Planned Large CapEx? HMRC extend Annual Investment Allowance

Those businesses that have large capital expenditure spends each year, such as manufacturers and farmers, will be aware that there has been a very generous capital allowances tax regime in recent years, currently allowing year 1 tax relief on eligible purchases up to £1m pa. This generosity was scheduled to be reduced wef 1 January…

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Ben Beech
2nd November 2020 Annual Investment Allowance (AIA) Decrease

The annual investment allowance (AIA) limit is currently due to decrease from £1 million to £200,000 from 1 January 2021. Many businesses will have deferred decisions about purchasing capital equipment this year as a result of the COVID-19 pandemic, leading to a number of professional bodies urging the Chancellor to postpone this decrease. However, it…

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Jeannette Hume
20th October 2020 Indexation Relief: Bank it

The Office of Tax Simplification (OTS) has been in consultation with individuals, businesses as well as professional advisers – including accountancy bodies – to review the capital gains tax system and see whether there is any scope to simplify the current tax system. The consultation process closes on 9th November 2020.   Speculation has been…

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Ben Beech
8th October 2020 Countryside Productivity Small Grant Scheme – Round 3

  £25 million has been made available in the third and final round of The Countryside Productivity Small Grants Scheme. The scheme offers grants of between £3,000 and £12,000 to fund a wide range of new equipment and technology in an attempt to help farmers improve efficiency whilst also benefitting the environment.   Potential applicants…

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Fiona Mann
16th March 2020 Annual Farming Seminar – CANCELLED

Due to the current Coronavirus situation and guidelines being issued, we have made the decision to cancel the Annual Farming Seminar due to be held on 25th March 2020.   We hope to be able to bring you a farming update from our colleagues at the Andersons Centre in the coming months.

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Jaimie King
12th February 2020 Successful tax refund for grain silo treatment

A successful legal case claiming that grain silos should be treated as plant and machinery for corporation tax purposes – rather than land and buildings – has resulted in a successful tax refund claim by Whitings.   The claim was submitted following precedent set in the legal case, and resulted in a substantial tax refund…

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Andrew Band
3rd February 2020 Whitings Annual Farming Seminar – Invite

  Clients in the farming sector, related sectors and professional contacts are invited to attend the ninth annual Whiting & Partners Farming Seminar. This is being held on Wednesday 25 March 2020, at the Maltings in Ely:   A5_Flyer_Farming_Seminar20   Presenters from the Andersons Centre will once again look forward to the year ahead, post…

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