Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Chris Campbell
Tax Senior Manager
29 June 2022
Are you aware of the tax implications of diversifying your farming business?In recent years, many farmers have considered diversification to improve the viability of their farming businesses. However, some may be unaware that moving away from their traditional farming activity could potentially jeopardise valuable tax advantages that are uniquely available to farming businesses.
Peter Innes
Stirling Office Head & Business Advisory Partner
13 June 2022
My JC Path: From Agriculture studies to rural accountingPeter Innes joined Johnston Carmichael in 2004 after completing his CA training in Inverness. Having worked across both our Elgin and Stirling offices over the last 18 years, Peter is now back in our Inverness office working with a range of businesses across the country, with a particular focus on our Rural clients. Here, Peter tells us about his background and what led him to specialising in the Rural sector.
Neil Steven
Business Advisory Partner
10 June 2022
Make sure you’re prepared for the income tax basis period reformAlthough the Government’s reform to income tax basis periods has been deferred by a year, with 2023/24 now being the transitional year with full introduction in 2024/25, unincorporated businesses should start reviewing the implications now.
Jenn Stewart
Business Advisory Partner, Head of Rural and Dundee Office Head
28 April 2022
How to build a resilient rural businessAt this challenging time for rural businesses, it’s more important than ever to find time to stop, take a step back and look at your business properly. This is where an operational review comes in; an in-depth look at your business to give you a larger perspective and to help highlight any potential opportunities and risks that you could face going forward.
Jenn Stewart
Business Advisory Partner, Head of Rural and Dundee Office Head
26 April 2022
New grants available to help rural businesses reduce ammonia emissionsThe Scottish Government has introduced a new scheme called the Sustainable Agriculture Capital Grant Scheme (SACGS), intended to help rural businesses fund new equipment to reduce ammonia emissions and mitigate the impact of the storage and spreading of livestock slurry and digestate on water quality.
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