Latest News

Is the lump sum BPS retirement scheme an option for you?

While misleading headlines suggest “farmers could be paid £100,000 to retire”, in reality, the reaction to DEFRA’s lump sum retirement scheme can be described as lukewarm at best.

DEFRA has published details of its BPS retirement scheme and launched a consultation which runs until 11th August 2021. It confirmed farmers in England claiming under the Basic Payment Scheme (BPS) will be able to receive a lump sum in place of any further BPS or other direct payments from 2022.

Grit and determination pay off

Jim Beary’s passion for farming is clear to see and he is proof that if you’ve got the desire and the drive, you can achieve great things. He recently took to the spotlight in our popular agriculture series ‘An Audience With…’ and his story is inspiring.  

Capital allowances tips and traps

A common question from farming clients is, “why is my taxable profit different to my accounting profit?” There are a number of possible answers, but the most common one is the way the purchase of machinery and equipment is dealt with:  

App of the Month – Chaser 30% off standard package pricing

App of the Month – Chaser 30% off standard package pricing

Slurry storage costs - what qualifies for capital allowances?

 A Slurry Investment Scheme is due to be introduced in 2022 for farming businesses looking to upgrade or invest in new facilities.

Xero Tips & Tricks - Using inventory items to help speed up sales invoices entry

Do you have standard wording on your sales invoices? If so, rather than typing the details on each time you raise an invoice you can use inventory items.  

Xero User News – Being Safe Online

With teams working more remotely and accessing both business and personal information over the internet, it makes sense to protect the way you access it.  The traditional email username and password is not the strongest method to keep your data safe.  Here we give advice on how to create a strong password and the additional step all Xero users can take to add an extra layer of security when logging in.   

Xero User News - The re-emergence of the economy post-COVID

As the economy begins to open up once again  - what does that mean for businesses and managing finances?  

Fixed Capital Accounts with Variable (but distributed) Current Accounts

We are finding there are a growing number of law firms approaching us that are looking to include a fixed capital amount in their shareholder or partnership agreements.

Don’t be caught out by HMRC on farm contractors

Jonathan York outlines the rules around IR35 for your farm contractors and explains why it is the farm owners responsibility to determine the employment status of those individuals.