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Oxford 01865 559900 | Abingdon 01235 548700 | Cirencester 01285 659778
Accounting for agriculture, farming and rural business is a specialist area that requires expertise and a thorough understanding of the industry.
With over 140 years of serving the agricultural sector, we combine our technical expertise of the industry with a sound knowledge of the challenges currently faced by our agricultural and farming clients.
This allows us to deliver a service tailored specifically to individual client requirements. Many of our partners and staff are from farming backgrounds so we really understand the challenges that our clients may face.
We get to know our clients, not only their businesses but their families and their aspirations so that we can help with profit extraction strategies, business growth and succession planning. Our private client tax department can advise on all areas of tax planning, including inheritance tax and agricultural property relief.
We also have a wealth of experience with a range of different accounting packages used in the agricultural sector, including Sum-It and Farmplan. As well as the production of annual accounts and tax returns, we can assist in other areas such as setting up your chart of accounts and tracking categories to help monitor business performance by enterprise. This then provides a better understanding of where the business makes money and where there are potential cost savings. In conjunction with this our bookkeeping department can provide a fully outsourced service or can provide ad hoc support as required.
Research carried out by the Institute for Fiscal Studies (IFS) and the National Centre for Social Research (NCSR) has suggested that only 45% of individuals seeking to gift money are aware of inheritance tax (IHT) rules and exemptions.
22 May 2019
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