Who are Farms and Estates?
As a specialist team of 23 staff within Albert Goodman we wholly deal with over 500 farms and estates. Each member of our Farms and Estates team has a background, education or interest in the rural community and rural businesses.
Our team is also a member of, chairs and was instrumental in setting up The Rural Accountancy Group UK (RAG UK). This group consists of 10 regional firms across the UK specialising in farms and estates. We meet twice a year and communicate throughout the year sharing technical expertise and experience. We also call on non-accounting specialists in the sector such as solicitors, barristers and land agents to share knowledge and experience.
In addition to our Farms and Estates Team, we can also pull on the specialist technical expertise from the other areas in our firm including tax, VAT, payroll, pensions and financial planning.
How Farms and Estates can help you
For 150 years we have worked as agricultural accountants with farmers and landowners across the region. Our team combine technical expertise with personal experience and working knowledge of the current challenges facing farms and estates, making our advice is practical and sound. Put simply, we are trusted by farmers and landowners throughout Dorset, Devon and Somerset – as well as further afield – to provide a fresh commercial perspective. Agricultural Accounting is our passion.
- We can review, forecast and make suitable recommendations and assist with restructuring and updating your business and systems.
- Our tax planners can review all of your income, inheritance, capital gains and Stamp Duty Land tax liabilities holistically to reduce your tax liabilities.
- Our agricultural team experts are up to speed on agricultural and business property reliefs, plus agricultural VAT schemes and can assist with preparing funding documentation.
- We can assist on annual business accounts preparation, tax compliance, implement accounting systems, provide VAT planning/administration, as well as general bookkeeping. Larger agricultural businesses may benefit from our audit and payroll services.
- If you wish to sell up or retire we can guide you through each business life stage, including financing options, cash flow emergencies and your investment/retirement provisions.
“The estate company transferred its business from a national accountancy firm to Albert Goodman eight years ago. Since then Albert Goodman have provided accountancy services and advice for all the estate and family concerns, including the tax planning for a generational hand-over and the incorporation of two new companies.
The businesses and the family have been entirely satisfied with the standard of service and professional expertise of Albert Goodman and have confidence in them for the future.”
LANDED ESTATE CLIENT
Albert Goodman have looked after the family and its various trusts and other interests for many years. I have been delighted with the advice they have provided, which has proved invaluable in areas as diverse as efficient structuring of asset holdings and partial exemption for VAT.
I am particularly pleased to have had Albert Goodman’s inheritance tax planning advice through the last decade or so, which has helped the family successfully to deal with the changes introduced in trust law and also to minimise the inheritance tax paid on the death of a leading family member”.
PHILIP LANGRIDGE, LONDONDERRY ADMINISTRATIVE SERVICES LTD
“Albert Goodman have been my accountants for many years. Over the last ten years we have implemented a succession plan passing our assets onto our daughters and grandchildren but remaining partners in the farming business. For this I have relied heavily on Sam’s advice. I have found her to be a good listener, proactive and innovative with an excellent understanding of tax law. I hope and believe that all three daughters are happy with the outcome. This has been achieved with a very modest tax bill and without resorting to dodgy schemes that come back to bite you. I have always admired Sam’s ability. I am glad I sought her advice and would advise anyone in my position to do the same.”
“I have used Albert Goodman now for a number of years and their ability to take on our personal tax affairs as well as the Estate Accounts was swift and without hassle. They are proactive on tax minimisation and see opportunities to restructure where necessary meaning I dont have to worry about missing anything. We have converted parts of the business to Xero online book keeping which is simple and effective, saving time and expense. Working with other partners such as Solicitors, Trustees and Land Managers is efficient on CGT, IHT etc where there are several different income sources.
All accounts are well presented and there are usually few anomalies that need adjusted at the year end meeting. No vast shiny office block is a good sign, with solid personal recommendations and word of mouth bling is unnecessary”.
CARLYON ESTATE & TREGREHAN HOUSE CORNWALL
“I have no hesitation in recommending Sam Kirkham of Albert Goodman. Our business has been growing and diversifying over many years and, throughout this time, Sam has always been mindful at an early stage -through to the completion of any new venture – of the appropriate strategy in terms of accountancy and taxation. Moreover I have found Sam uniquely able to quickly grasp, retain and manage complex issues at very short notice when perhaps information from our business has been slow to emerge, or has perhaps become overcomplicated, and when deadlines loom. At the same time she is able to manage teams of people as a partner at Albert Goodman, a company of extremely high repute in South West England – and will often be giving seminars at public meetings – which you can only do if you have a supreme grasp of your subject. These meetings are not only attended by the ‘client layman’ but by her professional peers be they lawyers, accountant and tax experts – so there is nowhere to hide. You will be very well served by Sam I am sure.”
LARGE DIVERSIFIED FARM & PROPERTY BUSINESSES, DEVON
Pat has worked with us for several years now as part of the Albert Goodman team. While he is a chartered accountant, it is his prior experience as a senior bank manager in the farming and rural sector that makes him different. He has helped us tremendously over the years by understanding our objectives as a multigenerational family business, structuring our diversified range of businesses, recognising the commercial needs and realities of each of our businesses and the opportunities they bring and making sure they are financed appropriately. Pat is definitely not an auditor and he is not a tax specialist but the skills and experience he brings to us are relatively unique in the accountancy sector and he will readily engage his specialist colleagues where necessary. Our business will change in all sorts of ways and we hope that Pat will be with us along the way – having him alongside our family and our management team has been and will undoubtedly continue to be of benefit whatever the future challenges and opportunities we face. I have no hesitation in recommending Pat and the wider Albert Goodman team.
OWNER & MANAGING DIRECTOR OF LARGE, DIVERSIFIED RURAL BASED GROUP OF BUSINESSES IN THE SOUTH WEST
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