Rural & Agricultural Services
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Compliance Services
This work is the base level of work required to ensure clients are compliant with legislative requirements. It covers work in the following areas :
As part of our annual compliance service, we prepare financial statements for sole traders, partnerships, Limited Companies, Limited Liability Partnerships and trusts/estates. In addition to this, we can prepare monthly or quarterly management accounts, which are essential for any business looking to make an informed management decision, as waiting for year end figures can mean that you are making a decision based on outdated information.
We present our farm accounts in a format which allows the contribution from each element of the business to be assessed and enables a direct comparison with other businesses.
Finally, we know that cost is one of the most important factors in choosing an advisor, therefore wherever possible we look to work within an annual capped fee, agreed upfront so you do not get any surprises.
Our services can range from compliance, being the completion of H M Revenue & Customs Self Assessment Tax Returns for individuals and partnerships or completion of form CT600 Company Tax Return for Limited Companies, to implementation of new tax efficient trading structures or succession strategies. The services we provide depend upon the individual requirements of our clients and their long term objectives.
There are a number of different allowances and reliefs available specifically to Rural & Agricultural Businesses. We are able to use our sector specialist knowledge to ensure tax efficiency for all of our clients.
Our auditing assignments are carried out through our wholly owned subsidiary, Moore Scarrott Audit Limited, which is registered to carry out audit work by the Institute of Chartered Accountants in England and Wales (ICAEW).
- Accounts Department
We can outsource anything from occasional data processing requirements through to a full accounts function. Commonly clients outsource data entry, reconciliation and VAT return completion to us. - Payroll Services
We offer a full payroll bureau service for accounts clients and non clients alike. This includes preparation and provision of weekly, monthly or quarterly payslips along with all associated statutory calculations. We will also deal with all end of year processes, such as P35 Employer Returns and P11d Benefit in Kind forms, including submission to H M Revenue & Customs.
Proactive Added Value Services
This work is the added value, consultancy work which provides services to assist our clients in developing their businesses.
We know that Rural & Agricultural businesses face tough challenges in the current climate with increasing volatility in both input and output prices. We have extensive knowledge of the market and can help you to put together long term business plans, assess the viability of a new venture or simply to structure your finances in a way which will provide maximum protection for you and your family. We will assess the structure and overall position of your business and, if necessary, help you to implement a more commercial and tax efficient trading structure.
Many farmers and estate owners are seeking alternative sources of income, such as tourism, energy production or food processing/retailing. Moving away from traditional farming activities can give rise to a number of commercial and taxation issues which we, as specialist advisors, will have seen frequently before.
In short, we can help you to ensure that your business prospers for years to come.
If you are looking to buy, sell or raise finance for a business, our industry knowledge and our network of contacts put us in an ideal position to advise you.
Whether you are merely looking for bank or grant funding or you are intending to sell your business we can advise you at every step, put you in touch with the relevant people and negotiate on your behalf.
It is imperative that a business has the correct structure at any given point of its lifecycle. We can advise on appropriate structures which could be to limit liability, improve tax efficiency, facilitate succession or overcome a short term funding problem.
In order to help businesses increase the accuracy of their accounting records, we can assist you in upgrading your bookkeeping systems. We find that, on the whole, our charges to clients who use computerised systems are significantly lower than those who use manual records. We are able to implement a new system or we can provide training on your existing system. We have a close working relationship with a large number of suppliers and in many cases can obtain items at a reduced value. As well as the provision of hardware and software, we can provide onsite training to enable you to extract maximum value from your systems.
In business, matters do not always go as planned. We offer Forensic Accountancy services to help resolve disputes. Some of the circumstances where our Forensic services may be of use could be in valuing your business for a new/retiring partner, resolution of disputes between partners or directors, contract disputes, loss of earnings claims and dealing with business issues on matrimonial breakdown.
