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
 
Ben Kilby
4th November 2016 Farm Accounting

Farm Accounts: Reached the Cloud? As technology has advanced in Agriculture and more bespoke equipment is being used day in day out, is it time for farmers to reach for the cloud? Can farm accounts software meet this challenge…..Yes they can! Over the past few months we have been working closely with Quickbooks Online to…

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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:

Read More »

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.

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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.

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Andrew Band
4th October 2016 Post BREXIT Exchange Rates

BREXIT: Initially a silver lining for farmers? Since the BREXIT vote the value of Sterling has weakened, such that the average exchange rate for the Basic Payment Scheme has been set at €1 : £0.85228. For those farm enterprises electing to receive this in Sterling, this is some 16% better than last year. Given the…

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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,…

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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…

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Ben Kilby
17th August 2016 Electronic Data Input

IT Savvy Farmers: AF Online Link helps automate book-keeping. Do you have an account with the buying group Anglia Farmers Ltd? Are you tired of entering invoices manually into your accounting software? Anglia Farmers have an online link called ‘AF Interactive’. Throughout the month Anglia Farmers publish their members invoices to this online portal. During…

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Andrew Band
18th April 2016 Future for Agriculture

Whitings’ 5th Annual  Agri-Seminar: “No” to Brexit We have just held our 5th annual Prospects for UK Agriculture seminar. Once again our guest speakers from Andersons expertly presented the current topics impacting on UK farming businesses. It was great to also have as many guests join us to listen to what the speakers had to…

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Barbara Nicholas
5th April 2016 Business Asset Roll-over Relief

HMRC: Roll-over on farm cottages. Are farm cottages owned by a farming company and occupied by farm workers business property for capital gains tax roll-over relief purposes? It was held in the case of Anderton v Lamb that property occupied by partners in a farming partnership were not. In order to qualify for relief, farm…

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