Agriculture

News & Blog

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At Thomas Westcott we understand that farming is much more than just a business, it is a way of life and quite often a truly family affair, with the hope and expectation that the farm will continue to pass down through the generations.

But in an industry which is increasingly influenced by external factors, we understand that for most there is a need to diversify in order to survive, and in cases where the next generation are not looking to continue the farming tradition there are other very significant issues to consider. These are the areas we can offer our invaluable specialist knowledge to ensure that your business is able to make use of all the valuable tax reliefs specific to farming, as well as those available to all business, to ensure you protect your most valuable assets and get the best outcome for your family.

At Thomas Westcott we have 30 years of experience of working with the agricultural sector, and our dedicated agricultural team has considerable knowledge and involvement in dealing with issues specific to farmers.

We can assist you with a variety of services covering:

Accounting
Agricultural Consultancy
Business Taxation
Cash Flow Forecasting & Budgeting
Financial Planning
Payroll Bureau
Personal Tax
Succession & Estate Planning

To help provide our farmers with a fuller range of services to help them meet all their regulatory obligations we also offer a bespoke agricultural consultancy service to help with a range of issues, including:

Basic Payment Scheme
Countryside Stewardship
Grant Assistance
Budgeting
Mapping

Related Contacts

Related Insights

Blog

Changes to agricultural support payments

18 December, 2020

The transition of agricultural support payments will take place from 2021 to 2024. Over this time, British farmers will see an end to direct support payments, which are currently based on area claimed, and the introduction of incentive grants. The...

Blog

Topic: Agriculture

Farmers – Last chance to apply for Small Productivity Grant

08 October, 2020

The RPA have now opened the last round of Small Productivity Grants. The specified eligible equipment covers areas of improvements in: • technical efficiency • animal health and welfare • resource efficiency or • nutrient management...

News

Topic: Agriculture

The six biggest challenges facing the South West agricultural sector

05 August, 2020

The South West agricultural sector has, on the whole, been relatively unscathed from the Covid-19 crisis – at least compared to the region’s other key sectors, including tourism and hospitality.

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For further information, please contact:
Ian McMurtry FCA Partner

For further information, please contact:
Mark Ohlsen FCA Consultant

For further information, please contact:
Nick Smy ACA Partner

For further information, please contact:
Vanessa Parnell FCA Partner

For further information, please contact:
Peter Brown Director

Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales, details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001091748, and details of all audit regulations can be accessed at www.icaew.com/regulations. A list of members can be found under Legal Notices. Thomas Westcott has offices in Axminster, Barnstaple, Bideford, Bridgwater, Burnham on Sea, Crediton, Exeter, Holsworthy, Honiton, Ilfracombe, Okehampton, Plymouth, Seaton, Somerton, Tiverton, Torquay and Weston super Mare.