Specialist Sectors
Agriculture
At Moore Thompson we understand the pressures and time constraints of running a business in the agricultural sector. With offices at the heart of counties that have relied on a thriving agricultural trade for centuries, agricultural and rural affairs are one of our central concerns.
Our partners have many years of experience working with farmers, landowners and rural business owners who are busy running their agricultural business, planning to move it forward. That’s where we come in.
We will listen to your concerns and aspirations, and fully comprehend the vision you have for the future of your business. We can then apply our expertise, and work with you to ensure your business is moving forward in the most tax efficient way.
There can be no doubt that the agricultural industry and allied trades linked to the food chain are facing challenging times. A host of external factors, such as currency movements, reform to the Common Agricultural Policy and the influence of the large retailers create widespread uncertainty. Running a successful business in today's economic climate is no easy task.
Through many years of service to the agricultural sector we have accumulated a wealth of experience in dealing with issues such as:
- Obtaining funding for business expansion, diversification and land purchase
- profit forecasts and cash flows
- planning for passing the business on to the next generation
- tenancies
- capital gains tax - roll over relief, milk quota and development land
- income tax - capital allowances, averaging, herd basis
- VAT
- use of limited companies, partnerships and trusts
- pension provisions and planning
The need for accurate and up to date financial information is paramount to enable the right decisions to be made. For this reason, our staff is trained on the various agricultural accounts packages and have an excellent understanding of the industry.
Above all, we are continually aware that we are dealing with people, their feelings, livelihoods and futures. Farming is a personal business and demands the personal service we offer.
For more information on how we can help you, please contact Bill Creasey or Andrew Heskin on
01775 711333
