Latest News

One third fall foul of new Capital Gains Tax rule

Were you hit by the new strict rules around Capital Gains Tax? Read more about how to avoid penalties..

Is your brewery or distillery eligible for Research & Development Tax Relief?

Innovation is a top priority in the brewing and distilling industry and there are corporation tax incentives available through the R&D Relief Scheme. 

Survey highlights businesses’ struggles following third lockdown and impact of Brexit

Recent research by the Association of Practising Accountants (APA) found that many businesses are still struggling with the impact of Covid-19 and the uncertain economic outlook

Updated templates make furlough claims easier

HMRC has updated their templates to make submitting CJRS claims easier for employers.

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.