Five Year Averaging of Huge Potential Benefit to Farmers.
Farming is a volatile industry, with profits so often at the mercy of external factors such as weather, disease and market prices. We have seen clients badly affected by shortage of grass and silage, TB, Foot and Mouth and unsustainable milk prices, and have been here to help.
Thanks to our close association with the agricultural community, and our first hand knowledge of the issues affecting the agri-economy, we are ideally placed to help our clients when it comes to making the most of 2 and 5 year averaging. In fact, we recently achieved a 50% reduction in tax for one of our clients. Savings like this can make all the difference when times are tough but farmers still need to invest in their businesses.
If you would like to check that you are making the most of 2 or 5 year averaging, why not pop in for a chat with one of our specialists? Call us on 01524 67111 and we will arrange a time to suit.
Author: Gill Lowcock FCCA
Gill joined Scott & Wilkinson in 2001 and qualified as an Accountant in 2004. Prior to studying Information Business Technology at Myerscough College, Gill attended Garstang High School. Gill is involved in all areas of accounts, audit...
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