Advice re finding an accountant?

Chris-H

Member
Mixed Farmer
Hi folks. First time posting here, so apologies if this question has been answered previously or I've overlooked a section of the site.

I've recently taken over the family farm in Surrey. However, my wife and I both have second jobs. I'm looking for an accountant who can understand both the farm finances and my consulting income, and see what can be offset against the other. Every accountant that I've spoken with so far is happy to look at my non-farm income but shrugs their shoulders when it comes to the farm.

Any suggestions where to look or how to go about finding such a person? Happy to interact with them remotely.
 

MRT

Member
Livestock Farmer
Have an ask around, who do people with similar businesses to you in your area recommend. Don't be taken in by specialist in XYZ its largely carp..
 

MCook

Member
Trade
Location
Kent
Hi Chris,

I am a rural accountant. I try and avoid and 'sales' type talk on here, but I would be happy to have a conversation with you or recommend another rural accountant I work with.

Feel free to send me a private message if you would like to talk.
 

Chris-H

Member
Mixed Farmer
Hi Chris,

I am a rural accountant. I try and avoid and 'sales' type talk on here, but I would be happy to have a conversation with you or recommend another rural accountant I work with.

Feel free to send me a private message if you would like to talk.
Many thanks - will drop a line shortly.
 

Highland Mule

Member
Livestock Farmer
Hi folks. First time posting here, so apologies if this question has been answered previously or I've overlooked a section of the site.

I've recently taken over the family farm in Surrey. However, my wife and I both have second jobs. I'm looking for an accountant who can understand both the farm finances and my consulting income, and see what can be offset against the other. Every accountant that I've spoken with so far is happy to look at my non-farm income but shrugs their shoulders when it comes to the farm.

Any suggestions where to look or how to go about finding such a person? Happy to interact with them remotely.
Hopefully you are a Ltd Co consultant? If so, there are certainly “synergies” that can be achieved.

My accountant is a bit far away, I’m afraid, but does manage to balance the books very carefully.
 

Chris-H

Member
Mixed Farmer
Have an ask around, who do people with similar businesses to you in your area recommend. Don't be taken in by specialist in XYZ its largely carp..
Thanks. Neighbours largely do their books themselves. I don't need a deep specialist, just someone who can work out how to minimise tax bill from my two part-time roles!
 

Bramble

Member
Thanks. Neighbours largely do their books themselves. I don't need a deep specialist, just someone who can work out how to minimise tax bill from my two part-time roles!

I would suggest you do need a rural specialist, not to understand your income tax liability from your 2 roles but one that can make sure you stay on the right side of capital gains and inheritance tax rules.

Agriculture has some pretty generous and peculiar tax breaks and maximising these will be far more valuable in the long term than anything to do with income tax
 

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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