farmerm
Member
- Location
- Shropshire
But in some other respects it can be less "Taxing" when the income streams are accounted as one business at least whilst the farming part is the larger part of the business.. Accounts for efficient taxation vs accounts for business analysis can be rather different......In some respects it would be good to keep income streams separate.
Different bank accounts. Different tax accounts. Different records for labour use.
Too many of us don't see the clear picture.
Those who own land are often making the profit from owning the land rather than "farming".