23 Aug 2022 | Farming & agriculture
The summer months are usually slightly quieter for the Agriculture team due to our clients being busy with the harvest, but this year we have had more to keep us busy as a result of the requirement that most UK trusts now need to be registered with H M Revenue & Customs (HMRC).
29 Jun 2022 | Farming & agriculture
Uncertain commodity prices and fluctuating input costs are a recurring theme for our farming clients.
20 May 2022 | Farming & agriculture
Purchasing machinery is a huge financial commitment and when timed right can be extremely tax efficient. In years where there has been a good harvest, re-investing some of that profit into new plant and machinery before the end of the year is one of the best tools to reduce your tax liability.
29 Oct 2021 | Farming & agriculture, Business Owners, Tax
Further changes are coming…..
28 Oct 2021 | Tax Planning, Farming & agriculture
The well-known routes to take money out of your limited company are by way of salary and dividends.
28 Oct 2021 | Farming & agriculture
Winter evenings or perhaps hours spent on a tractor can give time for thoughts and discussions regarding business structure and succession planning. The team at Ellacotts collectively have decades of experience in handling transitions in business management and land ownership with our farming and landowning clients.