MCook's latest activity

  • MCook
    MCook replied to the thread Herd Basis or Stock Basis?.
    Agree with @neilo and your accountant should be providing this advice, based on your longer term plans for the flock. Just make sure...
  • MCook
    MCook reacted to neilo's post in the thread Herd Basis or Stock Basis? with Like Like.
    Always been on flock (& herd) basis for cattle and sheep, and the home farm sold all the sheep to me when I moved. Iirc, if you have a...
  • MCook
    MCook replied to the thread Herd Basis or Stock Basis?.
    Has your accountant provided any advice on which route they think you should take? Herd basis elections can be a tricky area, and the...
  • MCook
    Yes, everything new here will have to have a solar or green roof from July 23, industrial as well.
  • MCook
    It does seem illogical to keep using good farming land for the use of solar panels, particularly with the ongoing issues with food...
  • MCook
    Yes, I believe it was a grain silo if we are talking about the same case - there was an article in the FW a few years back. The usual...
  • MCook
    Specialist buildings (such as grain silos) can have special treatment for capital allowances, though most buildings tend to only have...
  • MCook
    MCook replied to the thread Xero - tips and tricks.
    Unfortunately, software support are not always users and if it isn't in the training manual, they don't know the answer. Contras can be...
  • MCook
    MCook reacted to upnortheast's post in the thread Xero - tips and tricks with Like Like.
    Example here
  • MCook
    MCook replied to the thread Xero - tips and tricks.
    If you create a new sales invoice and in the first line, enter the livestock sale to the relevant code (£3,000), then add a second line...
  • MCook
    MCook replied to the thread Make Tax Digital Software Poll.
    HMRC are unfortunately becoming more and more difficult to deal with. A lot of the big accountancy bodies wrote to them earlier in the...
  • MCook
    MCook replied to the thread EBITDA.
    As @midlandslad has advised, you are unlikely to find comparative figures to benchmark your business against. Even if you do, every...
  • MCook
    MCook replied to the thread EBITDA.
    If you are a sole trade/partnership, take your profit or loss for the period, and add back your interest charges,depreciation and...
  • MCook
    MCook replied to the thread Accountant.
    I think the value element is key. A lot of business owners focus on cost, which is understandable, but an accountant charging peanuts is...
  • MCook
    MCook reacted to Steevo's post in the thread Accountant with Like Like.
    One of my dad’s favourite phrases.
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