Coupled with the farming backgrounds of our specialist team, we offer unique perspectives on the strategic issues faced by the industry, including key decisions on finance and taxation. We understand that agriculture finance can be tricky at times so let us figure out the numbers - it’s our job to make yours a little easier.
The current tax regime gives businesses 100% tax relief on the first £200,000 of capital expenditure on plant and machinery. The tax rules are complex and forward planning is essential to structure expenditure correctly to get the best tax treatment. We have years of experience with agriculture tax so we are well suited to help you figure out the numbers.
This needs to be planned strategically to maximise wealth and guarantee the availability of alternative assets that can be handed down while allowing for ongoing retirement income and a place to live. Planning a retirement scheme well in advance with Duncan & Toplis will allow you to finish your career with as many benefits as possible so when the time comes, your future is already prepared.
Between 2012 and 2016 more than half of our agricultural clients have invested in renewable projects and many are still planning to invest. At Duncan & Toplis, we want to help you get started with these projects.
We recognise that one size does not fit all and our advice will be tailored to take account of your specific circumstances and objectives. Renewable projects are a long-term investment that it pays to have professional advice from the outset to ensure every aspect has been carefully considered. (For more information about renewable projects, please get contact us.
We appreciate that the costs required to maintain and grow an agricultural business can be vast, including purchasing machinery and equipment and the seasonal fluctuation in revenue. Our team of specialists can provide valuable advice about the financing options that are available to help with the upfront investments that are needed and that often cause restrictions to your cash flow. Book your free access to finance consultation.
While working away from the crowds in the countryside may feel like a safer environment that’s less exposed to the threat of coronavirus than most, agricultural businesses face some unique challenges during this crisis.
Our head of agriculture, Mark Chatterton, is set to deliver practical guidance for farmers and landowners at Active Business Partnerships’ upcoming ‘Adapt, Survive and Thrive’ seminar in Lincolnshire this month.
As the deadline for major changes to the way many businesses have to file their VAT returns approaches, figures from accountancy software firm, Landmark Systems shows a 200% increase in uptake in the first part of this year.
Ahead of the switch to digital taxation on April 1st 2019, UK top 30 accountancy company Duncan & Toplis has announced an important partnership with the market-leading farm software provider Farmplan.
A recent HMRC First Tier Tribunal decision has sparked much interest and debate in the press and amongst farmers and their advisers. The S C May case ruled in favour of a new grain drying and storage facility being treated as plant and machinery for tax purposes.