Insight understands the difficulties faced in planning for land related taxation issues including the safeguarding and ownership issues that need to be considered when looking after the farming family.
If you are a farming client we keep you posted on the latest developments and changes that could have an impact on your business through our quarterly news letter. This includes insights from professionals within the UK Agricultural sector.
If you are looking to make the most of AIA Relief this tax year please contact us now to discuss your requirements as we have access to many experts who will be able to advise you on this area as the relief looks set to be reduced from 100% tax deduction on £500k of qualifying capital investments to £200k from 1/1/16
We look to support our rural clients in a number of ways that go above and beyond that of a typical accountancy relationship utilising our consulting arm to provide valuable insights into price changes – efficient buying methods and purchasing best practice to ensure you have all the tools necessary to increase margin.
Part of what we offer is:
- Business set-up services for new and existing businesses looking to diversify without risk to the existing operation.
- Business case development and due diligence to help you secure funding from lending sources at the best rate.
- Succession planning and the most efficient way of passing down your assets.
- Trust and Estate work ensuring your assets are ring-fenced and protected and managed in a way that will ensure your wealth is not only retained but continues to grow.
- Mixed margin analysis to ensure rural incomes are maximised and a work life balance is maintained.
This is done through regular client contact; you will be assigned an accountant when you join the firm. This accountant will be available on the phone and for site visits. This accountant will have full access to all of Insight tax planning experts and subject matter expert consultants and will be able to advise you on industry standard costing areas of third party spend that maybe out of kilter with the market. In addition to this Insight also operates a Co-Procurement operation through our consultancy arm that allows our clients to leverage spend to ensure best prices are achieved and you are able to compete on buying with larger firms.
You will also be provided with timely and meaningful accounts that will contain commentary and value add advice highlight any areas of interest we have been whilst completing the preparation of your financial documents. Your accountant will always be available to talk you through the accounts and advise as necessary on any opportunities or concerns you may have.
In addition Insight also partners with a number of insurance and IT providers so are perfectly positioned to advise on farm computer systems and insurance policies to make sure you have resilience and that systems and policies are fit for purpose should the worst happen.
Require more information?
If you would like more information or would like to speak to us direct then call us on +441158524029. Or if you would prefer, ask us a question online.