Farming is a way of life and is unlike any other commercial business; it can be complex, unique and specialised, so working with an accountant who really understands farming is essential.
Our dedicated agriculture team here at David Allen understand the challenges farmers face by building relationships forged on trust and commitment. We spend time working with you to understand your individual business so that we are then best placed to provide advice on developing it and securing your future.
We are here to support you and provide the trust and assurance you need to deal with today’s intricate tax and accounting world.
We work with clients in all parts of the agricultural sector and are at the heart of the rural farming community.
We’re passionate about what we do and firmly believe that agriculture is fundamental to Britain’s future prosperity as well as our own.
We work not just nine-to-five but at the times you need us, so contact us today to increase the yield of your agricultural business.
Business planning is key to the future performance and development of your business with the aim of identifying practical measures that will lead to your business becoming more profitable in a measured and sustainable way.
Our team will carry out a full review of your business and consider the bigger picture, including the activities of your competitors, the efficiency of your own systems and processes, factors that drive growth, and potential weak areas.
We will appraise your business’ current performance, isolate its key strengths, weaknesses, opportunities and threats and develop an action plan to progress the business.
By implementing a full business development plan for your enterprise you will be able to monitor results more accurately, maximise on opportunities and ultimately increase your profits.
Business Appraisals and Audits
Regularly undertaken business appraisal and audits will allow you to consider all options for the future as well as highlight risks that your business may face today.
An effective business appraisal and audit will provide you with a detailed and unique analysis of the financial and physical performance of your enterprise. It will help in your decision making and impact on the future financial performance of your business.
Engaging with an external third party such as David Allen to undertake a business appraisal will help you to benchmark against other similar businesses. We will also be able to advise you on other options and routes that you may not have considered before.
Budgets and Cashflow
David Allen can also identify ways to help you manage your cashflow, increase turnover and make effective use of your working capital.
We are able to provide business plans and cashflow forecasts to assist you in obtaining funding, as well as monitoring the longer-term potential of your business.
We also have a specialist debt recovery team who will recover the monies owed to you and improve cashflow.
Succession and Inheritance Tax Planning
Planning for the future is important for any business, and with the average age of the UK farmer being 59 years old, succession and inheritance tax planning is an important issue for many rural businesses and farming families.
We understand that handing over the reins is not straightforward and a lack of planning can create problems and prevent clear decisions being made. While the issue of succession is a sensitive topic to discuss, planning in advance will help avoid unnecessary stress, expenses and animosity for those involved.
Our agriculture team have years of experience and are able to assist and support clients in establishing succession plans, including dealing with potential tax issues, Will writing, pension schemes and the protection of your investments and overall finances.
If you don’t already have succession and inheritance tax plans in place then act sooner rather than later as this will make the transition easier. We will assess your business and remove the burden from you.
Most agricultural and rural businesses will need to raise finance at some stage, whether it’s to get a venture started, assist with cashflow difficulties or invest to grow the business further.
At David Allen Agriculture, we offer expert advice on the different types of financing available and how they fit with your business circumstances.
We will also help you prepare business plans, forecasts and management accounts to support any applications for funding.
Having strong relationships with other professionals, investors and financial organisations, we are able to liaise effectively with providers on your behalf.
This makes the process straightforward, offering you greater peace of mind. We always remain impartial, ensuring our clients obtain the type of funding that best suits them.
Farm secretarial services
We work with agricultural and rural businesses providing farm business administration.
Our knowledge of the rural and agricultural economies is full and broad, giving us a comprehensive level of understanding of the sector in which you operate and of farming terminology and agricultural practices and issues.
Our Farm Secretaries are able to produce, maintain and complete all financial records for your business as required, not only making life easier but also offering a stress-free year end. We will also help you with the physical and legislative record keeping requirements of a farm business by implementing effective systems and procedures, including those for cross compliance and farm assurance.
If you are looking for a professional administrator with technical expertise of the farming industry, David Allen Agriculture can support you. We will remove the administrative burden, leaving you to concentrate on what you do best: running your business.
During these difficult economic times it is more important than ever for the agriculture sector to receive the correct financial and taxation advice.
As the administration burden from Department for Environment, Food & Rural Affairs (DEFRA), Rural Payment Agency (RPA), and HM Revenue & Customs (HMRC) becomes ever increasing, it is crucial that all submission deadlines are met.
In all farming businesses it is important that tax planning is undertaken at the earliest opportunity to reduce the burden of Income Tax, Corporation Tax, Capital Gains Tax and Inheritance Tax.
No farm is the same as the next one which is why professional advice from a specialist who understands the sector is key.
We will work with you to understand your individual circumstances and help you to achieve a solution that is right for you and your business, ensuring that you pay the least amount of tax.
We partner with agricultural experts to provide advice to help rural businesses grow in a sustainable, manageable way, helping them to secure profitable futures.
We understand the challenges that farmers face day-to-day and work to build strong relationships forged on trust and commitment with the farming community.
We will spend time working with you to understand your individual business, ensuring that we are best placed to provide advice and help you develop into the future.
We work with clients across all areas of the agriculture and rural sectors and are at the heart of the farming community. Our AgriBusiness expertise covers the following areas;
Dairy performance management
Ensuring your business is sustainable and profitable requires effective management of all resources available, both physical and financial.
Benchmarking your farm business against fellow farmers is one way to learn where you could make improvements and increase competitive advantage as well as margins.
Feed and forage analysis
Our AgriBusiness team understands that key to the good health and longevity of your animals is proper nutrition and a balanced diet.
Farmers need information that is reliable and accurate in order to assess the nutritional values of their forages
- Environmental stewardship
- Basic payment scheme
- Grant applications
- Share and contract farming
- Share farming
- Contract farming
- Nitrate vulnerable zones