Farm Accounts causing you stress? Figures not adding up? Our accounting services for farmers are just what you need!
We understand and more importantly, we can help!
Both Sheila and Declan have extensive knowledge of farming taxation derived from working with a large farming client base over the last number of years. As well as this knowledge and experience, Declan being from a farming background, also brings a true understanding of a Farmers’ circumstances and requirements, all of which will result in a service tailored to your needs.
There are a wide range of ways that we can assist farmers with their accounting and taxation needs. For example:
Tax Relief Opportunities for Farmers
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- Stock Relief – general scheme
- Stock Relief for young trained farmers
- Income averaging
- Alternative Capital Allowance regimes
- Comparison of HP v Leasing options
- Young trained farmer exemption from Stamp Duty
- Reduced stamp duty for transfers between relations
- Farm Consolidation relief
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- Long Lease Relief
- Capital Gains Tax Planning including Retirement Relief
- Transfers to Nephews/Nieces
- Gift of Sites to Children tax free
- Relief from Corporation Tax for new trades
- Pension Planning
- Loss offsets
- Employing Family Members[/one_half_last]
Farm / Income Compliance Work
We can undertake the following:
- Filing of Annual Income Tax Return
- Comparison of VAT registration/non registration options
- Reclaims of VAT for non registered farmers
- Advice in relation to social welfare entitlements on retirement
- Employee Payroll Calculation Filing of PAYE returns
Farm Accounts
Whether its annual farm accounts, farm growth plans or even help with your management accounts, we can provide the full range of services to you.
- Preparation of annaul farm accounts
- Preparation of management accounts
- Indepth Financial Analysis of Accounts including varience analysis
- Preparation of cashflow forecasts
- Preparation of Business Plans for short and long term financing
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