Choose specialist rural and agriculture accountants who will help you plan and grow your business
We Currently Work With
As agriculture accountants, we advise farmers of varying size and complexity. We provide them with the service that grows with their business, whether this is bookkeeping, VAT returns or the more complex issue of succession and inheritance tax planning. Being located in Hertfordshire just south of the Fenlands, our portfolio is primarily arable farming businesses but we also have some diary clients, mixed farming and solely livestock farmers. As with nearly all farms these days, each of our clients have either one or several secondary income streams which are a result of rural diversification.
We advise on an array of renewable energy opportunities that lend themselves to our clients from large scale solar and wind farms to smaller scale biomass boilers and battery units. In these situations our advice often starts with the business structure or tax issues that arise from this very unique area of diversification.
Hospitality and leisure is so commonly seen within the rural industry these days and a very fast growing area for diversification. The businesses we deal with operate any one or more of the following: B&B’s, holiday lets, glamping and open farms. These opportunities are usually driven by the need to maximise the return on previously underutilised assets of the business. Our advice often centres around the VAT complexities as well as the best business structure to operate through, in order to take the business forward.
The Smart Accountants work with a number of property investment businesses. We provide ongoing annual accounts and taxation advice as well as the capital tax implications on sales and purchases of new property.
We deal with liveries and riding schools ranging from just a handful of stables to some which house up to 80 horses.
The classification of rural business is quite broad. It encompasses a number of different clients from estate and public maintenance, veterinary practices, rural recruitment, precision farming services and other supply chain businesses to the rural and agricultural community. Our team have extensive theoretical and practical experience in advising agricultural and rural based businesses so we understand many different business types.
Tim is our agricultural expert, having graduated from Seale Hayne he qualified as a Chartered Accountant in 1991. He looks after a farming based portfolio of primarily owner managed businesses and enjoys providing business and strategic tax planning advice to both corporate and personal clients. As well as being one of our agriculture accountants, Tim is also one of the firm’s Senior Statutory Auditors.
Our Services Include
Business planning services
Reducing tax liabilities
Budgetary and financial control
Changes in business structures
Bookkeeping and payroll
Capital tax planning
Passing on the family farm
Technical and taxation advice