Farming Accountancy

R.J Anderton Limited is an independent accountancy practice with a specialism in farming and agricultural businesses. We understand that as well as being a business, farming is a way of life that can span generations. This brings with it its own challenges in sector knowledge, unique accounting practices and succession and tax planning.

In addition to your general accounting, tax and administrative needs, Roger has over 25 years experience working with clients in the world of agriculture. We are therefore familiar with farming terminology, accounting conventions and working practices needed to effectively manage the accounts and tax affairs of individuals and businesses working in this sector including:

Year End Stock Valuations and the correct classification and inclusion of livestock, growing crops, crops in store and deadstock

Special HMRC rules for treating production herds as capital assets and the resultant tax benefits

Reducing your tax liabilities by using farmers averaging of taxable profits over consecutive years

Adjustments for depreciation on arable crops and livestock

Planning business structures and strategic decisions such as contracting farming arrangements, joint ventures, partnerships and machinery sharing

Advising on capital tax planning and succession planning to minimise inheritance tax and capital gains liabilities

Call us today or come and see us at our practice in the heart of the Lancashire farming community. Our team will be happy to talk to you about how our comprehensive range of general and agricultural accountancy services can nurture your farm or rural business and help it grow to its full potential.

Require more information?

If you would like more information or would like to speak to us direct then call us on 0151 317 7160. Or if you would prefer, ask us a question online.