Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
27 April 2023
Planning for the Tax Year EndSome things are so unexpected that no one is prepared for them – previous years have definitely proved that point. However, the one constant we can rely on is the Tax Year End on 5 April. By planning in advance, you can maximise the valuable tax allowances available each tax year.
12 April 2023
How Farm Averaging Could Benefit Your BusinessGenerally, across the farming sector we have seen an increased profitability over the last couple of years. This is good news, although it can also lead to increased tax liabilities. Fortunately, there are tax reliefs available to potentially reduce these liabilities, as well as potentially improving cash flow at the same time.
03 March 2023
Capital Allowances appeals on agricultural buildings reap rewards for taxpayersTwo recent Capital Allowances cases have set an interesting precedent for claims on farming and food production buildings, and what type of expenditure may in fact qualify for the tax relief.
15 February 2023
Key considerations for rural businesses in 2023As we look ahead to 2023, our sector continues to face a number of challenges - first and foremost the uncertainty of Scottish Government’s Future of Agricultural policy and the concern around food security; volatile market prices; rising input costs; soaring energy bills; labour challenges and the ongoing ripple effects of Brexit, which continue to impact many businesses.
30 January 2023
The net zero future: environmental accountingThe focus on mitigating the climate crisis has prompted the introduction of several schemes to help businesses achieve net zero targets (including not adding new emissions to the atmosphere). In the rural sector, for example, we have seen initiatives such as the Woodland Carbon Code and the Sustainable Agriculture Capital Grant Scheme.
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