How Accountants Can Save Farmers Time and Money
Accountants can be a valuable asset to those running a farming business. At Green & Co we understand that you want to spend your time doing what you enjoy and what you do best. This is where we can help: by providing a tailored level of support to you and your business. There are various ways in which we can help ease the burden of compliance with regulation. Our bookkeeping department can keep your records up to date, or we can prepare accounts and tax returns from records prepared by yourself or your own bookkeeper.
The rules relating to compliance with accountancy and tax law can be extensive and daunting; as accountants we have detailed knowledge of these rules and it is our job to ensure that your business’ records and returns comply with these. We will ensure that returns are filed prior to filing deadlines, avoiding the potentially high cost of fines, penalties and interest that will arise if these deadlines are missed.
There are also many methods of minimising the tax bill of the business that are specific to farming businesses. Green & Co have 20 years’ experience acting on behalf of farming clients and always ensure that all relevant reliefs are taken advantage of, minimising the cost of taxation to you and your business.
Whatever your level of business knowledge, Green & Co are here to help guide you through the world of accountancy and taxation rules. If you would like assistance with your business, from record-keeping, VAT returns and payroll, to accounts preparation and submission of tax returns, please contact us to arrange a consultation.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.