Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Michael Larg
Business Advisory Manager
30 October 2023
Three important considerations for rural businesses in the country sports sectorWhilst country sports contribute greatly to our rural economies, those operating within this sector are often plagued by the ever-changing and more challenging political and fiscal landscape. Johnston Carmichael’s Rural team support many rural businesses in navigating these challenges, and below we’ve highlighted a few common themes to be considered:
10 October 2023
Is Incorporation right for me and my business, or not?We’ve seen profit levels spike for some in the agricultural sector recently, with trading settling back to more “normal” levels for most. During these profitable periods, often the conversation around succession and planning will come to the fore.
22 September 2023
Castlecraig Farm - a masterclass in family businessNot only is Castlecraig Farm a prime example of building resilience through a balanced mix of enterprises, including agritourism – it’s also a masterclass in running a family business.
Jonathan Corsie
Tax Assistant Manager
20 September 2023
How much VAT can be recovered on works to farmhouses?If a farm business is VAT registered, a proportion of VAT incurred on works to farmhouses is typically recoverable, but it can be difficult to determine the correct level when it comes to renovations and extensions.
16 August 2023
Preparing for a new rural support schemeRural businesses are facing ongoing uncertainty over what the changing rural support schemes will deliver and how this will affect their future income. While 2026 will be the start of the new scheme, the levels of support available will require changes to current business policy from 2025.
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