Finance and arbitration

Inheritance Tax (IHT) planning is familiar to many in the agricultural and rural communities. The rules, however, are complex and need specialist advice to be implemented in such a way as to minimise inheritance tax paid. Despite this, there are still many people who fail to make a will and, when they die, they leave many complications to those left behind. Within farming especially, it’s important that proper plans are made with regards to inheritance planning, and professional advice from your lawyer, accountant and surveyor is vital. It is never too late to make arrangements, so if you would like to discuss your situation in confidence, please do get in touch.

Our computerised payroll system speeds up the calculation of employees’ pay and automatically produces year-end returns for clients. Not only does this take a laborious process off your hands, it ensures that you benefit from the financial incentives offered by HMRC for the prompt submission of returns using this method. And no matter how regularly you pay your staff – whether it’s weekly, monthly or more ad hoc – our flexible service will take care of it.

Tax planning is a complex area. Constant changes to legislation mean that keeping your plan under review is important to ensure that your assets are retained and not given away to pay tax unnecessarily.

With our experience in guiding our clients through the tax planning process, we have helped families successfully manage the handover of assets to the next generation. We have seen the bigger picture unfold on many occasions and can advise both on capital values and on the practical side of implementing plans for the future, working with accountants and solicitors as part and parcel of the process.

Tax planning should not be ruled by the amount of tax that is paid; there are other considerations just as important to take into account. We share our experiences with clients to help them benefit from the very latest advice and innovative ideas on how to best plan for the future.

VAT can be extremely complicated. Our services range from assessing an estate for VAT recovery to registration and completion of VAT returns. Not only will we take the whole process off your hands, we will also make sure that as much VAT is recoverable from your property as possible.