Farmers

Farming is a traditional industry, where clients are ordinarily asset rich but cash poor.  With Brexit looming, it is key that Farmers have the informaiton they need on a timely basis, and allow them to make the right business decisions in a timely fashion.

At Simas Accounting & Tax, we have a wide experience of working with both arable and livestock farmers, assisting them to concentrate on the use of technology to maximise yields.

Our experience and expertiese, over and above assisting you with the Statutory obligations, include:

  • Assistance and advice in the expansion of farms, both through acquisition and contract farming
  • Advice on financing of equipment, and refinancing to free up cash
  • Exit planning and retirement planning – arranging the affairs to be tax efficient
  • Advice on the tax efficient profit extraction
  • Review of the trading entity, and consideration of incorporation
  • Advice concerning maximising your income streams
  • Review of Business Property Relief (BPR) and Agricultural Property Relief (APR) conditions, ensuring you meet these conditions to qualify
  • Cashflows and budget projections
  • Payroll outsourcing

 

HMRC’s Let Property Campaign

HMRC’s Let Property Campaign is targeting landlords who may have unpaid tax. This would be as a result of failing to declare income from letting out residential property. The scheme is open to those that have multiple properties, single rentals, student rentals, or holiday lettings.

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Beating The Summer Lull

The secret to beating the summer lull. We have compiled a comprehensive list of 20 quick and easy things you could do in this ‘summer lull’, to revitalise your business. Simple quick fixes to turbo charge your profits.
Take advantage of this quiet time and get ahead of your competition.

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THE LEGALS ABOUT US

Simas Accounting & Tax is the trading name of Simas Accounting Services Limited, a company registered in England and Wales (Company number 10642114). The Registered Office of Simas Accounting Services Limited is 20-22 Wenlock Road, London, N1 7GU, and the trading office is 38 Mill Street, Bedford, MK40 3HD.