Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
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.
14 December 2022
Could your rural business’s activities be eligible for R&D tax relief?Research & Development (R&D) tax relief has been the focus of much news attention of late, and this is likely to continue following the Chancellor announcing some substantial changes to the schemes in the Autumn Statement. Considering the changes announced, alongside the raft of other changes due to come into force from April 2023, it has never been more important to take a holistic and thorough approach when preparing a claim.
01 December 2022
Monitoring the impact of market volatility on your farming businessWith market volatility leading to varying interest rates and increasing costs, It is critical to quantify the impact on both cashflow and profitability for your business at an early stage.
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