What we think

Farming in Recovery?

Event Date: Monday 1st January 2013

After a couple of difficult years is farming finally in recovery? Is now the time to re-invest in the business? Hot supper to follow three informative presentations on investing in your farm business and having the resources to do so. There will be an opportunity for questions during the seminar and with the speakers and their colleagues afterwards…. Read more

FRS 102 for Farmers

Not just accountants technical jargon but impacting your accounts One of the most substantial changes to accounting standards in a generation is now in force with the introduction of the key new standards FRS 102, FRS 102.1A for small entities and FRS 105 for micro entities. Whilst this might sound like technical jargon that you… Read more

Are You Really Farming?

Why does “Farming status” matter? “Farming status” is a very important question for those who ‘farm’ their land through grazing or cropping licenses, contract or share farming arrangements. HM Revenue and Customs are often raising this question – whether you are farming or not can have significant tax consequences. The case of John Carlisle Allen v HMRC… Read more

Barn Conversions. The tax implications.

What are the tax implications of converting barns? The tax implications will depend on whether the barn is to be sold with planning permission or developed by the business. If the latter, the intended use of the barn once converted will make a difference to the tax implications. Assuming the barn is to be sold… Read more