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MCook's latest activity
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...
Nov 27, 2022
MCook
reacted to
neilo's post
in the thread
Herd Basis or Stock Basis?
with
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...
Nov 27, 2022
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...
Nov 26, 2022
MCook
reacted to
le bon paysan's post
in the thread
900 Hectares in north east Scotland to solar panels
with
Like
.
Yes, everything new here will have to have a solar or green roof from July 23, industrial as well.
Nov 23, 2022
MCook
replied to the thread
900 Hectares in north east Scotland to solar panels
.
It does seem illogical to keep using good farming land for the use of solar panels, particularly with the ongoing issues with food...
Nov 22, 2022
MCook
replied to the thread
Tax situation buying second hand building?
.
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...
Nov 14, 2022
MCook
replied to the thread
Tax situation buying second hand building?
.
Specialist buildings (such as grain silos) can have special treatment for capital allowances, though most buildings tend to only have...
Nov 14, 2022
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...
Nov 9, 2022
MCook
reacted to
upnortheast's post
in the thread
Xero - tips and tricks
with
Like
.
Example here
Nov 9, 2022
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...
Nov 9, 2022
MCook
replied to the thread
Make Tax Digital Software Poll
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HMRC are unfortunately becoming more and more difficult to deal with. A lot of the big accountancy bodies wrote to them earlier in the...
Sep 26, 2022
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...
Sep 24, 2022
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...
Sep 23, 2022
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...
Sep 22, 2022
MCook
reacted to
Steevo's post
in the thread
Accountant
with
Like
.
One of my dad’s favourite phrases.
Sep 22, 2022
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