Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
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.
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.
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.
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.
05 April 2022
How changing land use could affect your tax positionIn the rural sector, the need to combat climate change has given rise to the potential for land owners and managers to receive income from new sources such as payments for carbon capture. This is potentially good news, but there could be some concerns from a tax perspective.
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