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Farming is capital-heavy and seasonal, with tax rules of its own. Good records of stock, machinery and grants protect cash flow and the family's long-term plans.
Farm accountants handle seasonal income, machinery allowances, livestock and crop valuation, grants and succession planning. Most farming companies need the Growth package at £75 + VAT a month.
The parts of the rules that matter most for this kind of company.
Tractors and equipment qualify for allowances, and farm buildings and fixtures can have separate treatment.
Livestock, crops and feed are valued at the year end, and the method affects profit.
Environmental and support schemes are taxable income in the right period, and VAT treatment can differ.
Inheritance tax reliefs, ownership structures and family shareholders need early planning.
The parts of the job that matter most for this kind of company, and how we handle them.
Tractors, harvesters and farm equipment qualify for capital allowances, often in full in the year of purchase, while farm buildings and fixtures have their own rules. Timing a purchase well can move a large deduction into the right year.
We keep an asset register by item, claim the right allowance and review whether a loss year makes a smaller claim better.
Livestock, crops, feed and fertiliser are valued at the year end, and the valuation method affects profit. Environmental and support scheme payments are taxable income in the right period, with their own conditions.
We prepare the stock figures with you, record grants in the right year and keep the supporting evidence.
Many farms are family businesses with several generations involved. How the farm is owned affects income tax, Capital Gains Tax and inheritance tax, and reliefs for agricultural and business property have conditions.
We model the options for structure and succession early, so a plan is in place long before it is needed.
Some farmers can use a flat-rate VAT scheme in place of normal registration. We check whether it suits you.
What happens, and when.
It distorts profit and tax.
Payments can be clawed back if conditions are not met.
Reliefs and structures take time to put in place.
Prices exclude VAT. Final price depends on turnover and options.
Micro and new companies
£45.83a month + VAT
Trading and online businesses
£62.50a month + VAT
Growing, data-led teams
£75a month + VAT
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It depends on profit, family involvement, borrowing and plans for succession. We model the position before you change structure.
Tell us about your company and we will confirm your fixed fee within one working day.