The Rural Tax & Accounting Podcast: Effective Planning for Farming Diversification.
Hosted by Nick Day of JGA Recruitment with Old Mill Accountants and Financial Planners.
Brought to you by Nick Day of JGA Recruitment, host of The Payroll Podcast, comes this one-off Rural Tax & Accounting Podcast Special. Featuring Catherine Vickery (CTA) – Rural Services, Tax and Mark Seager (FCCA) – Rural Services from Old Mill Accountants and Financial Planners, we discuss effective rural tax and accounting planning in relation to farming diversification projects.
With many farmers having to think laterally to survive and with farm diversification becoming increasingly commonplace I am excited to find out more about some of the challenges they face. In fact, more than half of England’s 57,000 farms have diversified in some form or another according to new figures released by Defra.
Of course, diversification can also bring with it opportunities – particularly through additional revenues but these can come with various tax consequences and so it is important that landowners and farmers are made aware of the possible tax implications that may arise.
Farming often brings unique tax reliefs and the tax rules within the sector are complex and constantly changing, and diversification makes that no easier.
However, in this special podcast, Catherine and Mark help us to navigate through the diversification traps by highlighting the considerations rural businesses need to be aware of before they embark on a new diversification project.
Whether you are considering the conversion of buildings into a bed & breakfast, opening a farm shop, hosting a fishing event or develop solar or wind power, this Podcast will help you to discover where the invaluable tax reliefs exist.
Old Mill – Accountants, Tax and Financial Planners who are an award-winning business success story. Formed by a buyout in 2006 the practice has more than doubled in size since then through organic growth and now boast four offices across the West Country in Yeovil, Wells, Exeter and Melksham supporting over 5,000 private and business clients.
If you are a tax or accounting professional interested in working for Old Mill then please contact Nick@jgarecruitment.com as are assisting the business with the recruitment of a number of opportunities and we would love to hear from you.