08 Apr 2020 | Farming & agriculture, Payroll Bureau, Tax
HMRC announced that from Friday 6 April 2020 the eligibility rules for claiming the Employment Allowance (EA) will change. Before you claim you will now have to make extra checks to find out if you are eligible to claim. Secondary Class National Insurance...20 Dec 2019 | Farming & agriculture
We recently held an event for our arable clients to discuss the 2018 harvest and summarise below our findings and comments: Key trends: We have generally seen a drop in combinable crop yields for the 2018 harvest compared to 2017. This reduction has been less for our...20 Dec 2019 | Farming & agriculture, Property, VAT
If you are building a new home or converting a non-residential building (such as a barn) into a home, you may be able to reclaim VAT on materials used under the ‘DIY Scheme’. The value of claims under this scheme can be significant. When do I need to submit my VAT...20 Dec 2019 | Farming & agriculture
It’s that time of year again, the nights are long and it’s the start of a new year. Whilst the thought of harvest 2020 is a particularly daunting one given the horrendous conditions affecting autumn drilling, you may be thinking ahead to machinery requirements, keen...19 Dec 2019 | Farming & agriculture, Inheritance tax
We are often asked about how Inheritance Tax (IHT) will be charged on farmhouses at Ellacotts. Sometimes the answer is simple, however, often it’s not. This is because, legislation changes, the use of a particular farmhouse changes, and the use of the land the...17 Oct 2019 | Business Owners, Farming & agriculture, Wealth Planning
Business Protection Assurance is a type of insurance that helps protect a business against possible financial losses when a terminal or critical illness or death affects the owners or their employees. By including this in your business plans, you can help your...